Structure Capital founder Mike Walsh talks about under-utilized assets and our zero waste focus.

In 2010, a mutual friend introduced him to Ryan Graves, who worked an IT specialist job and was considering a move to San Francisco to help build something called UberApp. After Graves explained the concept, Walsh saw “the common sense approach” for someone, like a limo driver, to make money with an asset, a vehicle, that was under-utilized. He told Graves to take the job.

Graves became the first employee of Uber, and as a show of thanks, he, Travis Kalanick, and Garrett Camp (another cofounder) offered Walsh an opportunity to invest in the company.

He accepted. Since 2010, Uber’s valuation has soared from $5.4 million to around $72 billion, netting Walsh huge returns on paper, which he declined to share with Business Insider.

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Posted on May 15, 2018 in structure-capital-news

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