Investor that owns 4% of Uber 'barely speaks' with Uber's CEO

WikipediaChris Sacca

Famed investor Chris Sacca and Uber CEO Travis Kalanick used to be close friends who would hot tub together at Sacca's house.

Sacca's firm, Lowercase Capital, invested $300,000 in Uber's angel round and Sacca helped the fledgling company buy the name "Uber" from Universal Music Group. Lowercase Capital currently owns 4% of the $41 billion company. But now Sacca and Kalanick "barely speak."

"What's frustrating is I honestly don't know what's wrong," Sacca told Forbes reporter Alex Konrad in an interesting new profile.

Although Kalanick declined to comment for the Forbes' piece, sources told Konrad that Kalanick became upset when Sacca tried to buy more secondary Uber shares from initial investors. He had done the same thing before Twitter's IPO, leading him to own more of the company than any other outside investor.

Here's an explanation for the rift, via Forbes:

Apparently, though, Kalanick isn't the only one who can hold a grudge.

"I get close to people easily," Sacca told Konrad. "But do something to me, I will light that bridge on fire."

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