Disrupt NY- Bill Gurley: “Uber Is Growing Faster Than eBay Did”

“Today at Disrupt NY 2013, Benchmark partner Bill Gurley shared an interesting fact aboutUber. “Uber is growing faster than eBay did,” Gurley said. In 1997, Benchmark invested $6.7 million in eBay. It was worth more than $5 billion less than two years later. Benchmark is also an investor in Uber.

“Uber is probably the fastest growing company that we’ve ever had,” Gurley said. He insisted a lot on the quality of the product. If a company builds a good product, it will grow organically.

Benchmark took part in Uber’s Series A and Series B rounds of respectively $11 million and $37 million. Gurley seemed very satisfied with this investment and only had good things to say about the car company.

“The product is so good, there is no one spending hundreds of thousands of dollars on marketing,” Gurley said. eBay and Uber are both consumer companies that have reached a lot of customers in a very short time….”

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