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Shervin Pishevar

👤 Person
537 total appearances

Appearances Over Time

Podcast Appearances

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Shervin Pishevar on The Epic Uber War and What Really Happened in the Firing of Travis Kalanick | Raising $15BN to Win China | Why The Traditional Venture Capital Model is Dead | The Future of Quantum and How We Will Cure All Diseases in 10 Years

And I was like waiting for an hour. I'm like, oh no. I saw worse. You know, is he shopping it? So I text him again. I was like 300 million. And for the first, and I think the last time and only time that I've ever seen Travis not negotiate, he was like, no, 290 is fine. And I was like, ran straight to his hotel room.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Shervin Pishevar on The Epic Uber War and What Really Happened in the Firing of Travis Kalanick | Raising $15BN to Win China | Why The Traditional Venture Capital Model is Dead | The Future of Quantum and How We Will Cure All Diseases in 10 Years

And I have a picture I'll send it to you of us at the door signing the term sheet for 20 million at the time. Later, I got another six and a half million through secondary for Menlo. So that investment at today's prices is worth almost $7 billion. It was one of those, you know, once-in-a-lifetime investments. 20 to 7 billion. 26.5 million turned into like 6.7 billion at today's prices.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Shervin Pishevar on The Epic Uber War and What Really Happened in the Firing of Travis Kalanick | Raising $15BN to Win China | Why The Traditional Venture Capital Model is Dead | The Future of Quantum and How We Will Cure All Diseases in 10 Years

And I have a picture I'll send it to you of us at the door signing the term sheet for 20 million at the time. Later, I got another six and a half million through secondary for Menlo. So that investment at today's prices is worth almost $7 billion. It was one of those, you know, once-in-a-lifetime investments. 20 to 7 billion. 26.5 million turned into like 6.7 billion at today's prices.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Shervin Pishevar on The Epic Uber War and What Really Happened in the Firing of Travis Kalanick | Raising $15BN to Win China | Why The Traditional Venture Capital Model is Dead | The Future of Quantum and How We Will Cure All Diseases in 10 Years

And I have a picture I'll send it to you of us at the door signing the term sheet for 20 million at the time. Later, I got another six and a half million through secondary for Menlo. So that investment at today's prices is worth almost $7 billion. It was one of those, you know, once-in-a-lifetime investments. 20 to 7 billion. 26.5 million turned into like 6.7 billion at today's prices.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Shervin Pishevar on The Epic Uber War and What Really Happened in the Firing of Travis Kalanick | Raising $15BN to Win China | Why The Traditional Venture Capital Model is Dead | The Future of Quantum and How We Will Cure All Diseases in 10 Years

You do this deal as part of Manlo, correct? Yeah. How long were you at Manlo for? 18 months, and then I became an advisor for a year.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Shervin Pishevar on The Epic Uber War and What Really Happened in the Firing of Travis Kalanick | Raising $15BN to Win China | Why The Traditional Venture Capital Model is Dead | The Future of Quantum and How We Will Cure All Diseases in 10 Years

You do this deal as part of Manlo, correct? Yeah. How long were you at Manlo for? 18 months, and then I became an advisor for a year.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Shervin Pishevar on The Epic Uber War and What Really Happened in the Firing of Travis Kalanick | Raising $15BN to Win China | Why The Traditional Venture Capital Model is Dead | The Future of Quantum and How We Will Cure All Diseases in 10 Years

You do this deal as part of Manlo, correct? Yeah. How long were you at Manlo for? 18 months, and then I became an advisor for a year.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Shervin Pishevar on The Epic Uber War and What Really Happened in the Firing of Travis Kalanick | Raising $15BN to Win China | Why The Traditional Venture Capital Model is Dead | The Future of Quantum and How We Will Cure All Diseases in 10 Years

get where i'm going with this yeah yeah no it was a good ending though it was a good ending yeah so i basically worked out an advisory agreement because of what i had done they agreed to give me increased carry deal by deal so instead of the you know getting carry in the fund

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Shervin Pishevar on The Epic Uber War and What Really Happened in the Firing of Travis Kalanick | Raising $15BN to Win China | Why The Traditional Venture Capital Model is Dead | The Future of Quantum and How We Will Cure All Diseases in 10 Years

get where i'm going with this yeah yeah no it was a good ending though it was a good ending yeah so i basically worked out an advisory agreement because of what i had done they agreed to give me increased carry deal by deal so instead of the you know getting carry in the fund

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Shervin Pishevar on The Epic Uber War and What Really Happened in the Firing of Travis Kalanick | Raising $15BN to Win China | Why The Traditional Venture Capital Model is Dead | The Future of Quantum and How We Will Cure All Diseases in 10 Years

get where i'm going with this yeah yeah no it was a good ending though it was a good ending yeah so i basically worked out an advisory agreement because of what i had done they agreed to give me increased carry deal by deal so instead of the you know getting carry in the fund

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Shervin Pishevar on The Epic Uber War and What Really Happened in the Firing of Travis Kalanick | Raising $15BN to Win China | Why The Traditional Venture Capital Model is Dead | The Future of Quantum and How We Will Cure All Diseases in 10 Years

i asked for carry in every deal that i did because i had a lot of faith in the deals that i did and that turned out to be great so i got more carry than i would have gotten in the fund by agreeing to do deal by deal carry so that was a huge thing and then travis also because i was very involved with uber i was on the board

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Shervin Pishevar on The Epic Uber War and What Really Happened in the Firing of Travis Kalanick | Raising $15BN to Win China | Why The Traditional Venture Capital Model is Dead | The Future of Quantum and How We Will Cure All Diseases in 10 Years

i asked for carry in every deal that i did because i had a lot of faith in the deals that i did and that turned out to be great so i got more carry than i would have gotten in the fund by agreeing to do deal by deal carry so that was a huge thing and then travis also because i was very involved with uber i was on the board

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Shervin Pishevar on The Epic Uber War and What Really Happened in the Firing of Travis Kalanick | Raising $15BN to Win China | Why The Traditional Venture Capital Model is Dead | The Future of Quantum and How We Will Cure All Diseases in 10 Years

i asked for carry in every deal that i did because i had a lot of faith in the deals that i did and that turned out to be great so i got more carry than i would have gotten in the fund by agreeing to do deal by deal carry so that was a huge thing and then travis also because i was very involved with uber i was on the board

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Shervin Pishevar on The Epic Uber War and What Really Happened in the Firing of Travis Kalanick | Raising $15BN to Win China | Why The Traditional Venture Capital Model is Dead | The Future of Quantum and How We Will Cure All Diseases in 10 Years

you know and he was making me a strategic advisor after i left menlo to start sherpa and so before i started sherpa he allowed me to buy secondary shares from another early person so i i sold all my facebook shares that had gone public at like 53 bucks 58 bucks a share and i put it all i bet it all everything i had i put it all into uber so if uber didn't work out i would have been you know what price was this

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Shervin Pishevar on The Epic Uber War and What Really Happened in the Firing of Travis Kalanick | Raising $15BN to Win China | Why The Traditional Venture Capital Model is Dead | The Future of Quantum and How We Will Cure All Diseases in 10 Years

you know and he was making me a strategic advisor after i left menlo to start sherpa and so before i started sherpa he allowed me to buy secondary shares from another early person so i i sold all my facebook shares that had gone public at like 53 bucks 58 bucks a share and i put it all i bet it all everything i had i put it all into uber so if uber didn't work out i would have been you know what price was this

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Shervin Pishevar on The Epic Uber War and What Really Happened in the Firing of Travis Kalanick | Raising $15BN to Win China | Why The Traditional Venture Capital Model is Dead | The Future of Quantum and How We Will Cure All Diseases in 10 Years

you know and he was making me a strategic advisor after i left menlo to start sherpa and so before i started sherpa he allowed me to buy secondary shares from another early person so i i sold all my facebook shares that had gone public at like 53 bucks 58 bucks a share and i put it all i bet it all everything i had i put it all into uber so if uber didn't work out i would have been you know what price was this

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Shervin Pishevar on The Epic Uber War and What Really Happened in the Firing of Travis Kalanick | Raising $15BN to Win China | Why The Traditional Venture Capital Model is Dead | The Future of Quantum and How We Will Cure All Diseases in 10 Years

uber yeah it was 33 cents a share effectively uh based on today's prices so it would be 33 cents a share so i had my direct exposure and i had my my carry deal by deal so that that worked out i thank god thank god yeah i was suddenly scared 1.4 billion dollars of carry was just like nope no good bad luck yeah okay so we're now like right hand man strategic advisor

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Shervin Pishevar on The Epic Uber War and What Really Happened in the Firing of Travis Kalanick | Raising $15BN to Win China | Why The Traditional Venture Capital Model is Dead | The Future of Quantum and How We Will Cure All Diseases in 10 Years

uber yeah it was 33 cents a share effectively uh based on today's prices so it would be 33 cents a share so i had my direct exposure and i had my my carry deal by deal so that that worked out i thank god thank god yeah i was suddenly scared 1.4 billion dollars of carry was just like nope no good bad luck yeah okay so we're now like right hand man strategic advisor

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Shervin Pishevar on The Epic Uber War and What Really Happened in the Firing of Travis Kalanick | Raising $15BN to Win China | Why The Traditional Venture Capital Model is Dead | The Future of Quantum and How We Will Cure All Diseases in 10 Years

uber yeah it was 33 cents a share effectively uh based on today's prices so it would be 33 cents a share so i had my direct exposure and i had my my carry deal by deal so that that worked out i thank god thank god yeah i was suddenly scared 1.4 billion dollars of carry was just like nope no good bad luck yeah okay so we're now like right hand man strategic advisor

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Shervin Pishevar on The Epic Uber War and What Really Happened in the Firing of Travis Kalanick | Raising $15BN to Win China | Why The Traditional Venture Capital Model is Dead | The Future of Quantum and How We Will Cure All Diseases in 10 Years

take me to that time then it was one of the greatest experiences of my life you know watching an entrepreneur of travis's quality and being able to work with him very closely what do you think makes him so good with travis i immediately was like he's