141–150 of 405 posts
[1] https://twitter.com/modestproposal1/status/11015421794812887...
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Lyft has enriched its investors far more than any baseball player could even dream of. You're just looking at accounting losses. But when this IPOs, early stage investors will have all made billions.
But that's not creating value. Unless the lottery creates value for people who buy the right tickets.
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At this point isn't it cost-effective for Lyft to just build its own infrastructure?
With cloud vs DC you also needs to consider that re-sizing datacenter space is a very slow process, and if you're wrong about how much you need it's a massive pain. Buy too much and you're wasting money, buy too little and you're stuck throwing eng time at scrambling to keep your services from falling over, and bottlenecking your entire org with resource constraints. That's not a judgement on whether it's worth it fo…
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Still, a $150M-90M personal net worth at the 18B-30B valuation window. They're not going to starve either.
Idk. I’m very bearish on Lyft. It’s a pure bet on US ridesharing. They didn’t expand internationally (now those markets are saturated) and didn’t get into delivery (Uber Eats alone is worth 5-7b).
>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…
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Then they slowly turn into a datacenter company and lose sight of being a ride sharing company. That's the same reason billion dollar companies rent buildings instead of owning them.
Uber hosts its own infrastructure, so does Google, so does Facebook. All three of those companies have no problems remaining focused on their business models without turning into a "datacenter company." I strongly dislike the notion that on-prem hosting is somehow a bad thing, or too cumbersome, or otherwise totally solved by cloud providers. AWS specifically is hugely convenient in a number of ways, but it doesn't c…
You have to rewrite application to use something else that's open source and self-hostable.
For new startups, I honestly recommend using DigitalOcean or Vultur. You don't get all the AWS components, but you can build around flexibility. If you have to move, you can take all your Terraform and Anisble scripts, and port them to a new provider (and yes, you do have to rewrite your Terraform config. Every provider is insanely different and the magic of multi-cloud is a myth, but it's still easier than trying to move off of AWS specific services).
I remember back in the day, Stackoverflow ran everything off of a single, very expensive, dedicated server. I've worked at other shops where we've migrated stuff from AWS to self hosted solutions to reduce our $200k/month AWS bill.
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Then they slowly turn into a datacenter company and lose sight of being a ride sharing company. That's the same reason billion dollar companies rent buildings instead of owning them.
Uber hosts its own infrastructure, so does Google, so does Facebook. All three of those companies have no problems remaining focused on their business models without turning into a "datacenter company." I strongly dislike the notion that on-prem hosting is somehow a bad thing, or too cumbersome, or otherwise totally solved by cloud providers. AWS specifically is hugely convenient in a number of ways, but it doesn't c…
I agree with you on Uber and Facebook though.
As a former engineer at Lyft, looks like my RSUs would be worth ~2x my salary per year. Typical RSU grants are 25% of your salary per year, so those Lyft RSUs would have been a good return. But that's at a $18-25B valuation. I think $15B is more realistic given the losses and most recent round of funding. Lyft is in a tough industry. Kudos to Logan Green for getting this far. Good to see a UCSB alumn do well.
The end game was supposed to be autonomous taxis (cutting the driver out). I don't see how that's going to happen before they run out of money unless they 1) significantly raise prices or 2) take increasingly bigger cuts from drivers.
Personally I will be shorting as soon as I can.
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Uber hosts its own infrastructure, so does Google, so does Facebook. All three of those companies have no problems remaining focused on their business models without turning into a "datacenter company." I strongly dislike the notion that on-prem hosting is somehow a bad thing, or too cumbersome, or otherwise totally solved by cloud providers. AWS specifically is hugely convenient in a number of ways, but it doesn't c…
Google is a bad comparison here IMO because Google IS a datacenter company. No different than Amazon... They run datacenters and offer IaaS to customers, and piggy back off of that. I agree with you on Uber and Facebook though.
For those who can't wait to short Lyft/Uber, on average, it takes 10-12 weeks to hit the markets after the initial S-1.
e.g. Dropbox (which also confidentially filed earlier) was public 1 month after the public S1.
Realistically, Lyft is public by end of April, barring a Box-style pullback