MENLO PARK, Calif.—Travis Kalanick is the founder of a start-up that lets people order up a car service from a cellphone. Recently, the 34-year-old found himself in the driver's seat.
Several major venture-capital firms were vying to fund Uber, his fledgling company. While presenting his business plan at the offices of Benchmark Capital, Mr. Kalanick briefly excused himself to phone three other potential investors. His message: They needed to move fast.
One Benchmark partner, Bill Gurley, wouldn't have it. "No need to talk to those guys," he told Mr. Kalanick. "Let's get the deal done here."
To read the full, original article click on this link: In Silicon Valley, Investors Are Jockeying Like It's 1999 - WSJ.com
Author: MONICA LANGLEY
