The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
why aren't all 22 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 0 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
Didi and the Chinese Government Had Full Access to Uber's Data
“It became very clear that everyone had all our data. Didi knew everything we were doing whereas, like, Lyft and Uber always knew what each other were doing, because we were watching each other, we're friends, things like that, but, like, we never had each othe…”
Pishevar: Kalanick's six-month regulatory delay cost Uber 30% market share to Lyft
“Travis Basically for six months was like, you know, telling the taxi commission, the city, government, like, you know, hey, these guys are illegal, like, well, you know, why are you allowing it, et cetera, instead of launching it, you know, as well which was l…”
Pishevar: Uber nearly acquired Lyft, but Lyft demanded too much ownership
“Andreessen, having lost the Uber deal, ended up doing the Lyft deal, and we had, you know, Travis and Emil, you know, they were close to acquiring it acquiring Lyft which, you know but they wanted too much ownership so that luckily didn't work out”
Uber initially let Lyft launch first to absorb local regulatory risk
“And what a lot of people don't know about Lyft is when we started launching UberX, we let Lyft go first, and we had a policy that said, hey, if Lyft launches in a city, we are going to wait 30 days to see if the law enforcement comes after them, and then we're…”
Lyft Originally Launched Using Suggested Donations to Bypass Regulations
“We also, there was no payment mechanism because there was sort of this regulatory gray area. And so there was a suggested donation. And so you could technically ride for free. Most people actually paid the suggested donation.”
Miura-Ko: Lyft had only a few months of cash left at times
“For a while there were moments where I think Lyft had just a few months of cash left.”
Motschwiller: Series A rounds for top consumer decacorns occurred pre-2012
“You look at the series A Funding times of the consumer decacorns that are out there, the Ubers, the Lyfts, the Airbnbs, the Snaps, the Pinterest, the Spotifys, those series A's were all done pre-二零 12.”
Belsky: Uber and Lyft's data and route optimization will be their moat
“Because I think that the data that is being collected and the optimization of the routes based on the data is a moat, so to speak. And I think a lot of the technology for managing these dispatch systems and autonomous vehicles will be created by those companie…”
Maples: Floodgate funded Lyft at a $5.5M post-money valuation
“Ann funded Lyft at five and a half million post money.”
Uber deployed permanent local teams while Lyft used central launch teams
“I think the big differentiation in Uber versus Lyft is that we had on the ground teams in every market. And, you know, we had an Atlanta city team, we had a Philadelphia team, we had a Chicago team and Lyft operated completely out of San Francisco. So while th…”
Rachitsky: Zimride hired its first PM to develop Lyft
“So as an example, Zimride, to explore the idea of Lyft, hired their first PM, and his job was go explore this idea of Lyft.”
Lyft Founders Built the Original App in Three Weeks in 2012
“And like when I say we were experimenting, I think John and Logan emailed a bunch of Zimride users in the San Francisco area, and they built Lyft in like three weeks because they felt like this was an experiment that they wanted to run.”
Kupor: Uber and Lyft expanded SF taxi market from $100M to $1.5B
“At the time, Lyft and Uber were raising kind of their first couple rounds of financing. I think the taxi market in the, in San Francisco was about a hundred million dollars annually. And I think today, the combined, the two of them do north of a billion and a …”
Romanow: Lyft Founders Retained Only 3.5% Equity at IPO
“The founders of Lyft went public, and they owned three and a half percent of Lyft”
Lipman: Uber raised $4.9B at $41B valuation versus Lyft's $862M at $2B
“I think the last time I looked, when I was online here Uber raised 4.9 billion at a forty one billion dollar valuation. Better lift. That's in total. And, Lyft has raised, you know, 862 and a half million at two billion dollar valuation.”
Fishman: Zimride pivoted to Lyft within five months of his joining
“And I joined a company called Zimride as their head of growth. And we pivoted Zimride to Lyft in about, I don't know, four or five months after I joined.”
Fishman: Lyft relied on a give-and-get referral loop to scale riders
“We had a very strong what I would call like clinically a financially incentivized viral loop. So this is your classic, like give, get referral structure. I invite you to lift and you sign up and you get ride credit. And then once you take a ride, I get ride cr…”
Lyft launched 24 markets simultaneously in 2014 as Miura-Ko left board
“It wasn't until I think it was 2014. This is when I rolled off the board the first time they went live with 24 markets, just as I was rolling off the board.”
Lyft tracked driver ETA as key signal of market liquidity
“Ultimately, we were always looking at ETA, right? So when was driver going to be able to reach a rider? And you would see that the market really worked for the rider if you had a driver that was just a few minutes away. In that metric, you see sort of the dyna…”
Zimride Generated Millions in Revenue Before Pivoting Entirely to Lyft
“You have, like, a few million dollars of revenues coming here, and, like, that's what investors invested into, that was really powerful, because you don't have a ton of data points.”
Marini: Uber and Lyft valuations perfectly illustrate the 90/10 market value rule
“If you were an angel in Lyft, you're still very happy if they're worth, you know, roughly five billion. But you really want to be an Uber who's worth over sixty billion. Right. And that math actually, you know, kind of works out to that kind of 85, 10, and fiv…”
Biyani: Lyft launched 60 cities in a single day during scale-up
“Lyft went from launched San Francisco to L.A. Was like about six months, roughly. And then from L.A. To the next market was only three months. And then, if you remember, about a year later, they actually launched 60 cities in one day. It was in the double digi…”