How a Yale graduate, 42, whose firm is set to make $11BILLION when Uber goes public
Matt Cohler (left) sits with Mark Zuckerberg, founder of Facebook, in their office in Palo Alto, California, August, 26, 2005. He was the seventh full-time employee of the site and became vice president of product management
before leaving in 2008 to go to Benchmark
He’s the Silicon Valley venture capitalist millionaire who was employee number seven at Facebook, helped to launch LinkedIn and now sits on the board of Instagram and Tinder.
But for Yale graduate Matt Cohler, 42, the biggest windfall could come on the day Uber stocks go public.
The ride-sharing app filed publicly with the U.S. Securities and Exchange Commission for its initial public offering (IPO) Thursday, taking it a step closer to one of the largest technology stock listings of all time.
And that’s good news for Cohler, whose firm Benchmark is Uber’s largest shareholder with 11 per cent of the company. Estimates say it could be on track for up to $11 billion after the IPO.
Not that Cohler doesn’t already have his fair share of wealth after being behind some of the most successful companies in the history of Silicon Valley.
The New Yorker, who once tried his hand at being a saxophonist and now lives with his Norwegian lawyer wife Pia Oien Cohler in San Francisco, made the Forbes The Midas List of top tech Investors in 2019, coming in at number
77.
In 2016 he beat the likes of Beyonce, LeBron James, Kobe Bryant and Floyd Mayweather to be named the 23rd richest entrepreneur under 40 in America, according to Forbes, and was said to be worth $700 million in 2015.
His Twitter bio, where he has 40,000 followers, reads: ‘Did: LinkedIn, Facebook, Instagram, Uber, Tinder, Bitcoin. Didn’t: Airbnb, Square, WhatsApp, Pinterest, Stripe, Coinbase, etc. TBD: the rest.’
It all means that Cohler and wife Pia already live a charmed existence after getting engaged in May 2015 and married the following year.
A 2015 Medium article said the couple bought a $47.5 million Belvedere mansion with 270-degree views of San Francisco, the Golden Gate and Bay bridges.
A year later The New York Times reported on the pair’s sale of a four-bedroom mansion overlooking Gramercy Park in New York, on the market for $16.25 million.
The in 2018 they are said to have purchased a Manhattan penthouse listed for $35 million.
Pia, a trained lawyer from Norway, left Paris to be with Cohler four years ago and soon set up a luxury retail store in their new home city.
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Source: DailyMailUK