Uber now operates in 100 cities worldwide

On-demand ride-sharing service Uber announced on its blog Wednesday that, since the launch of a limo service now in Beijing, users can hail an Uber from 100 cities worldwide. It’s a big number that shows Uber’s dominance in its expansion — nearest competitor Lyft serves just 30 cities. But Uber’s widespread advantage doesn’t mean it has a lock over the competition, as the company continues to spend time and money to fight regulations in cities like Seattle. It’s putting lots of work into expanding to cities that have never had something like Uber before — but once its there, competition will have no problem strolling in.

SEC filings note $700M raise for Sequoia global growth fund

Documents filed with the SEC on Friday indicate that Sequoia Capital has raised $700 million for its global growth fund, an existing but not yet reported fund for international investments. The firm has been expanding internationally recently as the trend among VCs is to look overseas.