[ealexhudson]

This shouldn't be a surprise, given Softbank is buying from insiders. In fact it would be a poor signal if the shares weren't bought from a variety of individuals who invested early.

Having that amount of money to hand likely means that Kalanick is going to go off and spend a lot more time doing other things. That could also be good for Uber.

[hidenotslide]

I find it a bit surprising that investors would want it under those terms. Aside from the (negative) signaling value of insider sales, the company is still burning cash and it's a little weird that over half the capital they are raising will be a payout to the founder rather than an investment in the business. Unless they consider getting rid of him an investment like you imply?