Both ways: this four companies investment drops and Uber-excellent step investment, Uber, drops-IT information
On June 17, Uber and drops to venture into a new dimension, for example, they make billions of dollars in venture financing becomes the new normal. Now, they introduced a new dimension: even if the two companies engaged in a fierce competition, but they are important investors there is some overlap.
In the United States and many parts of the world, Uber is leading car companies, while the drops are known as 87% share of the car market in China. According to records and people familiar with the matter said news of these two companies shared at least 4 investors: asset management company BlackRock high water jar, China investment company capital, hedge fund Tiger global and China life insurance company.
"Allows the same institution two enemies, and to obtain relevant information is a very rare situation. "Manhattan Chief Economist maikesi·woerfu Venture Partners (Max Wolff) says," but for a 7 years pre-IPO company, to raise $ 14 billion is also rare. ”
Uber was founded in 2009, and has so far raised more than $ 13 billion through equity and debt. Drop confirmed this week, the company completed its $ 7.3 billion in financing, so that its total financing of more than $ 10 billion.
Investors, academics and trade bodies said that two competitors of this investment approach has raised concerns about conflicts of interest and information sharing. Some people even worry about, a company's success may be at the expense of a company expense.
"I think this is not good. "Had studied the subject of Harvard Business School Assistant Professor luorui·maiketangna (Rory McDonald) said that" the company is not listed, they are growing, and to make strategic decisions. These decisions will have a significant impact. ”
According to Macdonald's research, if shared with rival investors, venture the competitiveness and innovative power of the company will usually decrease.
Uber said the company was not worried about share investors with drops, because investors have no seats on the Board or board observer seat, so they have less access to company information, the company's controlling power is lower.
Drops declined to comment.
People familiar with the matter said, the four major investors in the late development of a stake in, and therefore influence early stake in venture capital firms may be less closely. In addition, for companies like BlackRock, investment between different fund management team is often independent of each other.
Venture capital investors typically will not invest in the field of competing start-ups. But occasionally this happens, for example, the venture capital firm Andreessen Horowitz also supports photo sharing startup Instagram and PicPlz. The company later abandoned the right to obtain information of Instagram, and continue to invest. PicPlz eventually shut down.
But Andreessen Horowitz-like, when startups change or development of new products, often there will be a conflict of interest.
Investors and industry experts say, is worthy of attention, Uber and a trickle of investment has a conflict of interest, is still accelerating and investors to invest in the two companies.
ClearPath Capital Partners baoluo·boyide, Managing Director of asset management company (Paul Boyd) said that investors in the two companies a total of 4 is not a company to hedge risks of another company, but by investing in two companies to global markets.
People familiar with the matter said, this is Uber global 4 common investors, rather than the Uber China. In theory, these are two independent entities.
Investors believe that Uber prospects brighter outside of China, but they also invested in two companies show that advantage in the Chinese market to the last drop.
However, at the same time invest in two competing companies will give investors and business challenges. In counsel's view, Investor access to information may be restricted to view sensitive and competitive information. Companies must maintain a cautious about disclosure to investors.
"Uber doesn't want investors to get all sensitive information, avoid revealing to drop. "Within the law firm Hogan Lovells partner Stewart gallons (Nate Gallon) said.
左右逢源：这四家公司既投资了滴滴又投资了Uber - 优步,Uber,滴滴 - IT资讯
6月17日消息，Uber和滴滴给创业公司引入了很多新的维度，例如，他们让数十亿美元的风投融资成为新常态。而如今，他们又引入了一个新的维度：即便这两家公司展开了激烈的竞争，但他们的重要投资者却存在一定的重叠。
在美国和世界很多地区，Uber都是领先的专车公司，而滴滴则号称在中国专车市场拥有87%的份额。根据投资记录和知情人士透露的消息，这两家公司目前至少共享4个投资者：资产管理公司贝莱德、中国投资公司高瓴资本、对冲基金老虎环球和保险公司中国人寿。
“允许相同的机构投资两家死对头，并获取相关信息是非常罕见的情况。”Manhattan Venture Partners首席经济学家麦克斯·沃尔夫(Max Wolff)说，“不过，对于一家发展7年的pre-IPO公司来说，融资140亿美元同样很罕见。”
Uber创立于2009年，迄今为止已经通过股权和债务融资逾130亿美元。滴滴本周证实，该公司完成了73亿美元融资，使其融资总额超过100亿美元。
投资者、学者和交易机构均表示，这种同时投资两家竞争对手的做法，引发了利益冲突和信息共享的担忧。甚至有人担心，一家公司的成功可能要以牺牲另外一家公司的利益为代价。
“我认为这样不好。”曾经研究过这一课题的哈佛商学院助理教授罗瑞·麦克唐纳(Rory McDonald)说，“这些公司仍未上市，他们还在增长，而且要制定战略决策。这些决策会产生很大影响。”
根据麦克唐纳的研究，如果与竞争对手共享投资者，创业公司的竞争力和创新力通常会有所降低。
Uber表示，该公司并不担心与滴滴共享投资者，因为这些投资者都没有董事会席位，也没有董事会观察席位，所以他们所能获得的公司信息较少，对公司的控制力也较低。
滴滴拒绝对此置评。
知情人士表示，这四大投资者都是在发展后期入股的，因此影响力和关系密切程度可能不及早期入股的风险投资公司。另外，对于贝莱德这样的公司而言，不同基金管理团队之间的投资往往相互独立。
创投领域的投资者通常不会投资相互竞争的创业公司。但偶尔也会发生这种情况，例如，风险投资公司Andreessen Horowitz同时支持图片分享创业公司Instagram和PicPlz。该公司后来放弃了Instagram的信息获取权，而且没有继续投资。PicPlz最终关闭。
但与Andreessen Horowitz类似，当创业公司改变发展重点或开发新产品时，往往就会出现利益冲突。
投资者和行业专家表示，值得警惕的是，Uber和滴滴的投资已经出现了利益冲突，而投资者仍在加速向这两家公司投资。
资产管理公司ClearPath Capital Partners董事总经理保罗·伯伊德(Paul Boyd)表示，这两家公司共有的4个投资者并非是用一家公司对冲另一家公司的风险，而是通过对两家公司的投资来覆盖全球市场。
知情人士表示，这4个共有的投资者投资的是Uber全球，而非Uber中国。从理论上讲，这是两个独立实体。
投资者认为，Uber在中国之外的前景更加光明，但他们同时投资两家公司表明滴滴在中国市场占据优势。
无论如何，同时投资两家存在竞争关系的企业还是会给投资者和企业带来挑战。律师认为，投资者获取信息的权限可能受到限制，无法查看敏感和竞争性信息。企业也必须在向这些投资者披露信息时保持一份谨慎。
“Uber不想让投资者获取全部敏感信息，避免泄露给滴滴。”律师事务所Hogan Lovells合伙人内特·加仑(Nate Gallon)说。