Uber set to raise $200M at a $3.5B valuation

Isn't the valuation of $3.5 Billion a little too much?

That disclosure is pretty close to a lie with its alternate-history of Crunchfund. Arrington started Crunchfund in AOL's employ with AOL's money, and then they cut a check to Uber, and then some time later an AOL employee wrote this story about a company AOL is almost directly invested in.