Lyft Files to Raise as Much as $1B
techcrunch.com
Lyft Files to Raise as Much as $1B
1–10 of 48 posts
Re: Lyft Files to Raise as Much as $1B
#2How big is the gap between Lyft and Uber in India and China and other large Asian markets? In China, is there a state-favored rival [1] that could just shut out both? From an American perspective, it's hard to imagine Lyft overcoming Uber's lead...but maybe it's a sensible investment if Lyft has a strong chance of being bought by an Asian company?
[1] edit: Found this Fortune article, which describes Didi-Kuaidi as the "Uber of China" with 1 million drivers versus Uber's 100,000 drivers. Also, Didi is an investor in Lyft: http://fortune.com/2015/09/30/will-china-be-ubers-waterloo/
Re: Lyft Files to Raise as Much as $1B
#3How big is the gap between Lyft and Uber in India and China and other large Asian markets? In China, is there a state-favored rival [1] that could just shut out both? From an American perspective, it's hard to imagine Lyft overcoming Uber's lead...but maybe it's a sensible investment if Lyft has a strong chance of being bought by an Asian company? [1] edit: Found this Fortune article, which describes Didi-Kuaidi as t…
Lyft is like non-exist in China. Uber is currently second to Didi with about one third of its market share.
Re: Lyft Files to Raise as Much as $1B
#4>Amid reports of Lyft’s financial struggles in its recently leaked financials, it’s obvious why the company seeks to raise so much money — the on-demand transportation market is a tough place to operate, especially with competition like Uber. According to Bloomberg, the ridesharing startup took a net loss of $127 million in the first half of this year while bringing in less than $47 million in revenue.
Does anybody know how this loss compares to Uber? I don't recall any of their financials being leaked recently.
Re: Lyft Files to Raise as Much as $1B
#5How big is the gap between Lyft and Uber in India and China and other large Asian markets? In China, is there a state-favored rival [1] that could just shut out both? From an American perspective, it's hard to imagine Lyft overcoming Uber's lead...but maybe it's a sensible investment if Lyft has a strong chance of being bought by an Asian company? [1] edit: Found this Fortune article, which describes Didi-Kuaidi as t…
http://techcrunch.com/2015/12/03/lyft-didi-ola-and-grabtaxi-...
It's all one big fu to uber
Re: Lyft Files to Raise as Much as $1B
#6How big is the gap between Lyft and Uber in India and China and other large Asian markets? In China, is there a state-favored rival [1] that could just shut out both? From an American perspective, it's hard to imagine Lyft overcoming Uber's lead...but maybe it's a sensible investment if Lyft has a strong chance of being bought by an Asian company? [1] edit: Found this Fortune article, which describes Didi-Kuaidi as t…
Lyft is like non-exist in China. Uber is currently second to Didi with about one third of its market share.
[deleted]
Re: Lyft Files to Raise as Much as $1B
#7How big is the gap between Lyft and Uber in India and China and other large Asian markets? In China, is there a state-favored rival [1] that could just shut out both? From an American perspective, it's hard to imagine Lyft overcoming Uber's lead...but maybe it's a sensible investment if Lyft has a strong chance of being bought by an Asian company? [1] edit: Found this Fortune article, which describes Didi-Kuaidi as t…
http://techcrunch.com/2015/12/03/lyft-didi-ola-and-grabtaxi-... It's all one big fu to uber
Perhaps they should name this alliance G.O.L.D.
Re: Lyft Files to Raise as Much as $1B
#8>Amid reports of Lyft’s financial struggles in its recently leaked financials, it’s obvious why the company seeks to raise so much money — the on-demand transportation market is a tough place to operate, especially with competition like Uber. According to Bloomberg, the ridesharing startup took a net loss of $127 million in the first half of this year while bringing in less than $47 million in revenue. Does anybody k…
I don't remember the details, but I think Uber showed a similar revenue/loss ratio...
There was HN discussion about it and the main thing people were saying is there's an opportunity cost in not spending the money (mainly in expansion).
I kind of feel like Uber is in a bit of a "monopoly or bust" position though, using similar 4X techniques to our former favorite tech boogieman (subsidizing driver rates then removing subsidies once growth stops...).
Not quite sure what Lyft is using its money for, though. My impression is there strategy is to not be jerks and focus on US only for now. Guess this is a "good guys lose" situation...
Re: Lyft Files to Raise as Much as $1B
#9Taxi fare is something everyone wants to save on. Once Uber and Lyft start making big margin on their service other low key and smaller companies can compete with them. Pretty much like airfare. Price is the king and low cost companies are doing a lot of business. I'm not sure how this Uber/Lyft story will end but I'm pretty sure it's not going to end like Facebook or Google.
Re: Lyft Files to Raise as Much as $1B
#10>Amid reports of Lyft’s financial struggles in its recently leaked financials, it’s obvious why the company seeks to raise so much money — the on-demand transportation market is a tough place to operate, especially with competition like Uber. According to Bloomberg, the ridesharing startup took a net loss of $127 million in the first half of this year while bringing in less than $47 million in revenue. Does anybody k…
Uber loses at least $470M / year, if not more (unsure if the number is per quarter, half-year, or full year) [1].
Lyft's struggles have nothing to do with their losses, and all to do with the fact that they're losing the market to Uber.
[1] http://www.businessinsider.com/uber-reportedly-operating-at-...