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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.
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 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.
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.
Earlier quoted context omitted.
Still, a $150M-90M personal net worth at the 18B-30B valuation window. They're not going to starve either.
This is something that always strikes me about the amount of money swilling around in tech. $90M is an absurdly huge amount of money. By absolutely any outside objective measure of work put in to payoff it is off the scale. To look at this as the founders having lost out is almost comical.
Yes, it’s a lot, but to build a $30b company and make 90m pre-tax (maybe 50m post in CA) is something...
The obvious comparison is Travis Kalanick, who is definitely a billionaire and retained much more of Uber.
>In January 2019, we entered into an addendum to our commercial agreement with AWS, pursuant to which we committed to spend an aggregate of at least $300 million between January 2019 and December 2021 on AWS services. If we fail to meet the minimum purchase commitment during any year, we may be required to pay the difference, which could adversely affect our financial condition and results of operations. Not as bad a…
Earlier quoted context omitted.
Still, a $150M-90M personal net worth at the 18B-30B valuation window. They're not going to starve either.
This is something that always strikes me about the amount of money swilling around in tech. $90M is an absurdly huge amount of money. By absolutely any outside objective measure of work put in to payoff it is off the scale. To look at this as the founders having lost out is almost comical.
is it? A 10 million dollar house isn't all that special in a lot of parts of the country. A family worth 90 million can still have a lot of financial anxiety.