Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. All Rights Reserved. Press Release Uber Veteran Ryan Graves to Invest $50 Million in Metromile, Will Join Board of Directors Published: Feb. 1, 2021 at 9:00 a.m. Currently he serves as the SVP of Global Operations at Uber. And it's not just Silicon Valley: Hafthor Bjornsson who stars as "The Mountain" on HBO's "Game of Thrones," got an audition for the role via an unsolicited Facebook Messenger message. On March 1, 2010, he became the first employee at Uber thanks to that tweet. Graves will join Metromile’s board of directors following the business combination’s close. | Source: SAN FRANCISCO , Feb. 01, 2021 (GLOBE NEWSWIRE) -- Metromile, Inc., a leading digital insurance platform and pay-per-mile auto insurer, today announced Ryan Graves, Uber’s former senior vice president of global operations, intends to make a $50 million investment in the company personally and through his investment firm, Saltwater. Uber is committing to becoming a fully electric, zero-emission platform by 2040, with 100% of rides taking place in zero-emission vehicles, on public transit, or with micromobility. Ryan shares our belief that the automotive and auto insurance markets are rapidly digitizing, as new modes of transportation, autonomous vehicles and remote work rewrite how these industries will operate. These forward-looking statements are subject to a number of risks and uncertainties, including changes in domestic and foreign business, market, financial, political and legal conditions; the inability of the parties to successfully or timely consummate the Business Combination, including the risk that any required approvals are not obtained, are delayed or are subject to unanticipated conditions that could adversely affect the combined company or the expected benefits of the Business Combination or that the approval of the stockholders of INSU II is not obtained; and those factors discussed in INSU II’s final prospectus filed on September 4, 2020, Quarterly Report on Form 10-Q for the quarter ended September 30, 2020 and the Registration Statement, and the definitive proxy statement/prospectus contained therein, in each case, under the heading “Risk Factors,” and other documents of INSU II filed, or to be filed, with the SEC. In 2010, Ryan Graves sent a tweet to Uber co-founder Travis Kalanick suggesting himself as a potential hire for what was then a new start-up. With data science as its foundation, Metromile offers real-time, personalized auto insurance policies by the mile, instead of the industry-standard approximations and estimates that have historically made prices unfair. Kalanick (worth over $5 billion, according to Forbes) has said that Graves, "hit the ground running," at Uber after he was hired. The information in this press release includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. On Jan 5, 2010, Ryan Graves sent a tweet to Uber co-founder Travis Kalanick suggesting himself as a potential hire for what was then a new start-up. Before founding Saltwater, from 2017 to 2019, Graves served on the board of directors of Uber Technologies. For more information about Metromile, visit www.metromile.com and enterprise.metromile.com. "We should have taken more time to reflect on our mistakes and make changes together," Graves said in an email sent to Uber staff at the time. Graves joins Chamath Palihapitiya’s Social Capital, Mark Cuban, and leading institutional investors to support Metromile’s growth plans as a public company. INSU Acquisition Corp. II will be renamed Metromile, Inc., and is expected to remain listed on Nasdaq under the new ticker symbol “MILE.”. Saltwater's portfolio includes independent San Francisco beer company Fort Point beer, cannabis company Caliva and women's health and fertility services company Kindbody. Ryan Graves is known to be an American billionaire entrepreneur. The executive exodus continued at Uber on Thursday, with the company’s senior vice president of global operations, Ryan Graves, announcing he will leave the company in mid-September. His leadership and operating skills made Uber one of the fastest-growing companies of all time. Graves’ investment includes secondary purchases and participation in the previously announced PIPE transaction that will close alongside the merger with INSU Acquisition Corp. II (NASDAQ: INAQ). These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. “Ryan has a remarkable reputation as an energetic and thoughtful business builder. Now Graves is a billionaire. Hedge fund billionaire Ray Dalio to younger self: 'Why are you so stupidly arrogant!?! He was Uber’s first employee, first chief executive officer, and a member of the founding team. heres a tip. And Elon Musk recently suggested a Reddit user "should interview at Tesla" for the analysis he posted of his Tesla's self-driving car technology. It is not intended to form the basis of any investment decision or any other decision in respect to the Business Combination. We're talking here about Ryan Graves, who was the top executive of Uber for the first 10 months of its existence in 2010. Metromile, the San Francisco-based pay-per-mile car insurance pioneer, has announced that Ryan Graves, former SVP of global operations at Uber, intends to make a $50 million investment in the company personally and through his investment firm, Saltwater (Mill Valley, Calif.). "There always seemed to be another goal, another target, another business or city to launch. Fortune interviewed the SVP of Global Operations at Uber to find out his unorthodox career start and where he plans to take the company next. He was Uber’s first employee, first chief executive officer, and a member of the founding team. The founders and the management team are purpose-driven and have engineered a platform poised to change a massive industry meaningfully,” said Graves. Metromile is a rare find.”, “We are thrilled to have Ryan join Metromile,” said Metromile Chief Executive Officer Dan Preston. The definitive proxy statement / prospectus was mailed to INSU II stockholders as of the Record Date. "Travel machine while I run Ops at Uber" See all of Ryan G.’s photos, tips, lists, and friends. SAN FRANCISCO , Feb. 01, 2021 (GLOBE NEWSWIRE) -- Metromile, Inc., a leading digital insurance platform and pay-per-mile auto insurer, today announced Ryan Graves, Uber… Ryan Graves, founder and CEO of Saltwater; Graves was formerly the CEO, and remains on the board of directors, of Uber. These forward-looking statements include, but are not limited to, expectations related to the terms and timing of completing the transaction. The stock closed below $42 per share with a market cap of $69.7 billion. 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