Former Goldman Sachs vice president, Cameron Poetzscher, is among an elite group of high-profile executives leading Uber Industries Inc. towards an IPO.
Uber, Cameron Poetzscher, IPO, Gautam Gupta, Ian Kleinfeld, venture capital, technology IPO,
Uber Technologies Inc. has assembled one of the most competent management teams in the history of corporations, with investment bank Goldman Sachs providing the human capital. As the much-awaited IPO approaches on Wall Street, Uber Technologies Inc. is readying for the challenge. Many mid-level bankers are now on board with Uber. These employees are at least 3-4 years beyond their Master of Business Administration (MBA), and many of these Uber employees are vice presidential material.
Uber Seeks Massive Financing before IPO
The recently released report indicates that three Goldman Sachs high-level managers: Gautam Gupta, Ian Kleinfeld and Cameron Poetzscher, are now running the show at Uber. Gupta is the head of finance at Uber; he joined back in 2013. He was a vice president at Goldman Sachs. The head of corporate development at Uber is Cameron Poetzscher, a former MD of the M&A Group at Goldman Sachs. Another employee, Ian Kleinfeld was also a banker prior to joining Uber.
Goldman Sachs continues to hemorrhage investment bankers, while Uber collects this highly talented pool of professionals. It is evident from Uber’s actions that finance is the focus ahead of fleet vehicles. To date, Uber has generated $8 billion worth of financing from private individuals, mutual funds and venture capital firms. The company is valued at $50 billion and the business savvy that is required to run an operation of this size is tremendous. When Uber lists on Wall Street, it will likely be the biggest tech IPO in the history of IPOs.
Poaching High Level Executives from Goldman
For now, the chief executive officer of Uber, Travis Kalanick, believes that an IPO listing is several years down the road, as he wants the company to mature before going public. Even without public listing status, Uber is operating like a major financial powerhouse, with huge amounts of debt and equity in China, and elsewhere. Uber continues to work closely with Goldman Sachs, with which it is generating financing for operations. The poaching of high-level professionals from corporations is common practice in elite circles, and Uber is now rubbing shoulders with the best of them.
For now, the chief executive officer of Uber, Travis Kalanick, believes that an IPO listing is several years down the road, as he wants the company to mature before going public. Even without public listing status, Uber is operating like a major financial powerhouse, with huge amounts of debt and equity in China, and elsewhere. Uber continues to work closely with Goldman Sachs, with which it is generating financing for operations. The poaching of high-level professionals from corporations is common practice in elite circles, and Uber is now rubbing shoulders with the best of them.