CEO David Krane suggests GV could sell the rest of its Uber stake at the end of its lockup period next month

CEO David Krane suggests GV could sell the rest of its Uber stake at the end of its lockup period next month

4 years ago
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https://techcrunch.com/2019/10/03/ceo-david-krane-suggests-gv-could-sell-the-rest-of-its-uber-stake-at-the-end-of-its-lockup-period-next-month/

Today at TC’s Disrupt show in San Francisco, we took the stage with David Krane, a longtime veteran of Google who took the reins as the CEO of its venture arm, GV,  three years ago but hasn’t spoken publicly since. We asked him why he’s been in hiding before diving into some questions about Uber — whose $250 million Series C round in 2013 was somewhat famously funded entirely by GV — and trying to understand better how GV is organized under his leadership.

Krane, who earlier in his career was Google’s global head of PR, is accustomed to deflecting reporters’ questions and he was circumspect about some things, but he did let drop some interesting information. For example, he told us that GV has plugged a whopping $5 billion into startups since it was formed 10 years ago. Krane also joked that Alphabet’s famous founders don’t steer entirely clear of the organization. And he suggested that GV — which sold a meaningful part of its Uber stake to SoftBank last year — might sell the rest of its Uber stake when the ride-share company’s lock-up period expires in November. (His team has a “decision to make,” he said.)