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Some useful numbers from the filing: 1 billion+ cumulative rides. $8.1 billion in bookings in 2018 $2.2 billion revenue in 2018 From risks: >> "We have incurred net losses each year since our inception and we may not be able to achieve or maintain profitability in the future. We incurred net losses of $682.8 million, $688.3 million and $911.3 million in 2016, 2017 and 2018, respectively."
Earlier quoted context omitted.
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.
Some useful numbers from the filing: 1 billion+ cumulative rides. $8.1 billion in bookings in 2018 $2.2 billion revenue in 2018 From risks: >> "We have incurred net losses each year since our inception and we may not be able to achieve or maintain profitability in the future. We incurred net losses of $682.8 million, $688.3 million and $911.3 million in 2016, 2017 and 2018, respectively."
1 billion rides really doesn't seem that impressive to me given they're a global company.
Some 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.
Some 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…
Biggest 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.
Some useful numbers from the filing: 1 billion+ cumulative rides. $8.1 billion in bookings in 2018 $2.2 billion revenue in 2018 From risks: >> "We have incurred net losses each year since our inception and we may not be able to achieve or maintain profitability in the future. We incurred net losses of $682.8 million, $688.3 million and $911.3 million in 2016, 2017 and 2018, respectively."
1 billion rides really doesn't seem that impressive to me given they're a global company.
Some 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…
Biggest 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.
Crunchbase lists 19 funding rounds. They've gone through the ringer.