“Don’t Know How I Would’ve Fed My Family”: Smart Investment in Uber Saved Lance Armstrong From Completely Falling Off the Rails

After winning 7 Tour De France titles, Lance Armstrong had a shocking downfall in his professional career that stunned the world. Proven guilty of doping, Lance was stripped of the titles he won and lost valuable sponsors like Oakley and Trek Bicycles. During this critical time, Lance told how an investment in Uber saved him in a recent interview.

The disclosures by Lance Armstrong are important as they show the minute aspects related to Lance’s investments which were unknown before. It also reflects the factor of luck, which played a crucial role in Lance’s decision to invest. Armstrong’s statements reflect how he was unaware of certain aspects before investing. 

Lance Armstrong’s frank admissions on investing in Uber

Armstrong, in the interview with Joe Pompliano, spoke about how he met Chris Sacca in a bar in Aspen where he lives now. Here, the luck factor played a key role as Sacca also had a significant stake in Uber.

Armstrong then remarked that Chris wanted to keep in touch. “So we exchanged numbers and then he went to start his first fund some years after that lowercase capital and so I invested in that fund”, Armstrong narrated. Lance Armstrong’s $100,000 investment has made him about $20 million, according to calculations by Bloomberg.

After the scandal, insurance companies began to call Armstrong, saying that he owed them money. This fund then proved to be a savior for Lance. “It helped”, Armstrong remarked about the Uber fund. Continuing, the cycling professional mentioned he knew that Twitter was a part of the equation when he invested in Sacca’s funds. Armstrong also expressed that at that time, he had a team to advise him about investing, which helped him.

Read More: Lance Armstrong’s Story of Him Returning His Olympic Glory Showcases That His Wound Was Wide and Deep

However, Armstrong remarked that he didn’t know that Sacca had a stake in Uber till 2016 or 2017. During the interview, Lance also talked about how the Uber fund helped his family to survive. “If not for that I don’t know how I would have fed my family”, Lance said. 

A brief history of Lance Armstrong and his doping scandal 

Floyd Landis exposed Lance Armstrong’s doping scandal by emailing Steve Johnson, the then-CEO of the US Cycling Federation. Initially, Lance denied the allegations. Later, in a 2013 interview with Oprah Winfrey, he accepted that he was guilty of doping. Lance Armstrong was given a sentence of a lifetime ban for doping by the American anti-doping agency. 

Watch This Story: Mohoric Slovenian Cyclist Wins Race with a Genius Modification on His Bike that Could Change the Sport

Armstrong’s statements about investing in Uber reflect how he took advantage of a good opportunity at the right time. What do you think of Armstrong’s investment move? Let us know in the comments.