The confession deepened his leagal troubles, putting the brakes on a career through which he made as much as $200 million.
Cyclist Lance Armstrong’s career went downhill in 2013 after he admitted to Oprah Winfrey of cheating in Tour de France titles.
He was forced to step away from the cancer charity he had founded and has since kept his counsel. Armstrong admitted that the fallout from his confession had been heavy, tough, trying and required patience. He said that his life had thinned out and slowed from 100 miles-per-hour to 10, but added that he would like to return to 50, 55.
The confession deepened his leagal troubles, putting the brakes on a career through which he made as much as $200 million.
However, an investment in cab aggregator Uber provided a second life to Armstrong's detoriating financial health. has roved to be a lifeline for the disgraced cyclist. The 47-year-old told CNBC on Thursday that the investment had been “too good to be true" and “it’s saved our family”.
Armstrong’s luck took a U-turn for good after he received a phone call from former Google employee now billionaire investor Chris Sacca.
“He was starting his own venture capital fund, Lowercase Capital, and he called me saying ‘I’m looking for investors, would you invest?’,” Armstrong said.
“I’m thinking to myself, this guy has a huge personality but he’s also very smart and very well connected. So I invested in Chris Sacca. I didn’t even know that he did Uber. I thought he was buying up a bunch of Twitter shares from employees or former employees, and the biggest investment in (the) Lowercase fund one was Uber.”
Armstrong in 2009 invested $100,000 in Chris Sacca’s newly started Lowercase Capital, CNBC reported.
Meanwhile, Uber Technologies Inc has filed paperwork for an initial public offering, according to three people with knowledge of the matter, taking a step closer to a key milestone for one of the most closely watched and controversial companies in Silicon Valley.
The ride-hailing company filed the confidential paperwork on Thursday, one of the sources said, in lock-step with its smaller U.S. rival, Lyft Inc, which also announced on Thursday it had filed for an IPO.
The simultaneous filings extend the protracted battle between Uber and Lyft, which as fierce rivals have often rolled out identical services and matched each other's prices. Uber is eager to beat Lyft to Wall Street, according to sources familiar with the matter, a sign of the company's entrenched competitiveness.
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 "Here's how disgraced cyclist Lance Armstrong saved by an Uber investment")
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