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platypus
frank9755
That's about the size of it. If you are looking at investing in them (I am as I think it is great) the most important thing is are they likely to be successful or not. If you think not then you have to think of any money you put in as a donation to support a dream of a slightly better world.
Assuming you think it might go somewhere the other thing that is important is the pre - money valuation, ie what they are saying it is worth before they raise the money. This is art more than science but is related to:
Pre-money valuation dictates how much you get for your investment. They are saying what they have at the moment is worth £1.5m so, if they raise another £150k, that would make them worth £1.65m, meaning the total £150k was 9.1% of the post-money total valuation.
If they are too greedy, it could be successful but you could end up losing money, or not making much for taking the risk. If they are too generous, that's not good either as it weakens their incentive to work hard and makes it harder for them to raise more money next time. But valuation is a secondary concern to whether they will be successful or not.
Don't put any money in that you are going to be needing any time soon. The only guaranteed exit is when they either sell the company or float it on the stock market. That could be many years away or never. There may be a secondary market in the shares in a few months time but there is no guarantee. You might be able to sell at a profit if they do really well but you might not.
I registered for the early access and will put some money into it. Will take a proper look at the info and do a bit of research before deciding whether it will be a donation or an investment.
I've not used them, I never take taxis nowadays (and have never used uber), but have been looking for an opportunity to try them out since I came across them in twitter a couple of months ago.