Earlier quoted context omitted.
Might be a conscious choice?
Well yes they chose to dilute themselves every time they accepted a new round of funding, but that is much smaller than I ever imagined
Anything is better than zero.
Lyft Files S-1
21–30 of 405 posts
Re: Lyft Files S-1
#222018 revenue of $2.16B, with a loss of $911.3M. Oof. Though as a passenger I can't say I mind buying $2 bills for $1!
20% of Uber's revenue with 50% in losses.[0] I want to see Lyft succeed just to counter Uber, but yeah, those numbers need to be healthier [0] https://www.reuters.com/article/us-uber-results/uber-posts-5...
It really feels like a game of who can lose money the longest.
Re: Lyft Files S-1
#23Some stylized notes: - If they do go public for $20B+ they that would be for more than Twitter and Facebook went public for. Would you really want to own Lyft over FB and TWTR the day they went public? That's a very large ask of the public markets. EDIT To be clear I"m talking about their valuation multiple not the abs valuation. - working with JPMorgan, Credit Suisse and Jefferies. So I guess we know 3 banks who won…
I think investors are mostly betting on self-driving cars being closer than anyone thinks. The first company to get rid of its drivers wins.
People online say this but I'm pretty sure it's nonsense. The word right now is self driving cars won't be working for quite a while since they're nowhere near solving for rain and snow.
Re: Lyft Files S-1
#24Biggest thing I noticed is that the cofounders only own a little more than 1m shares each, which is less than .5% each! Painful amount of dilution....wow.
Still, a $150M-90M personal net worth at the 18B-30B valuation window. They're not going to starve either.
Re: Lyft Files S-1
#25Biggest thing I noticed is that the cofounders only own a little more than 1m shares each, which is less than .5% each! Painful amount of dilution....wow.
Yeah, this shows Lyft as having gone through ten rounds of funding with the last one being a "Series I" round. I've not seen that too often before!
Re: Lyft Files S-1
#26Some stylized notes: - If they do go public for $20B+ they that would be for more than Twitter and Facebook went public for. Would you really want to own Lyft over FB and TWTR the day they went public? That's a very large ask of the public markets. EDIT To be clear I"m talking about their valuation multiple not the abs valuation. - working with JPMorgan, Credit Suisse and Jefferies. So I guess we know 3 banks who won…
I posted this in another thread, but curious to get your thoughts.
2017 Compared to 2018
* As a percentage of revenue, cost of revenue decreased from 62% to 58%.
* As a percentage of revenue, sales and marketing expenses decreased from 54% to 37%.
These seem to be positive signs.
Re: Lyft Files S-1
#27Some stylized notes: - If they do go public for $20B+ they that would be for more than Twitter and Facebook went public for. Would you really want to own Lyft over FB and TWTR the day they went public? That's a very large ask of the public markets. EDIT To be clear I"m talking about their valuation multiple not the abs valuation. - working with JPMorgan, Credit Suisse and Jefferies. So I guess we know 3 banks who won…
I think investors are mostly betting on self-driving cars being closer than anyone thinks. The first company to get rid of its drivers wins.
Then they have to pay for the cars.
Re: Lyft Files S-1
#28> In 2017 and 2018, certain of our named executive officers provided rides to riders using the Lyft platform in a similar manner as other drivers. We believe that these driving activities provide the named executive officers with substantial practical insight into how our platform serves drivers.
I thought this was a pretty interesting point. I was about to call it dogfooding but not quite, since it's more of an experience check than a crucial internal usage.
Re: Lyft Files S-1
#29Obligatory read about Lyft's dual class shares from Matt: https://www.bloomberg.com/opinion/articles/2019-02-12/lyft-d...
Re: Lyft Files S-1
#30Some stylized notes: - If they do go public for $20B+ they that would be for more than Twitter and Facebook went public for. Would you really want to own Lyft over FB and TWTR the day they went public? That's a very large ask of the public markets. EDIT To be clear I"m talking about their valuation multiple not the abs valuation. - working with JPMorgan, Credit Suisse and Jefferies. So I guess we know 3 banks who won…
the question is, how did they loose so much money, i.e. what are the operational costs, what money did go to the drivers, etc..