Uber CEO: Reuters Is Totally Wrong, We're Not Raising Money
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Earlier, Reuters wrote that Uber was raising a new round of financing that could value the company at $1 billion.
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Uber's CEO Travis Kalanick tells Business Insider that is not true. At all.
"This company has not pitched a single investor since November 2011 and
has not sought any funding whatsoever since then," Kalanick said via email, noting that the story is "completely false."
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Of course, just because Kalanick isn't seeking funding doesn't mean investors aren't throwing term sheets at him. So we asked him to clarify.
"COMPLETELY FALSE," he reiterated. "I have not gotten a single term sheet, and as a matter of policy do not even return investors' inbound queries."
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