Last week Uber, the ride sharing company, raised $1.2 billion in its latest round of financing bringing the company’s valuation to an estimated $40 billion. Financing was provided by a group of hedge funds including Glade Brook Capital Partners, Lone Pine Capital and Valiant Capital Partners. Uber was founded in 2009 and operates in 128 cities in 37 countries. Earlier this year, it raised an additional round of $1.4 billion. Among its lead backers are Google (invested $250 million) and Fidelity Investments. This sets the stage for an anticipated IPO during the next year or two with an anticipated valuation of over a $100 billion. Welcome to the sharing economy.