Lyft Investment
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Transcript of Lyft Investment
![Page 1: Lyft Investment](https://reader038.fdocuments.in/reader038/viewer/2022102522/55beb78fbb61eb253c8b4742/html5/thumbnails/1.jpg)
ByJared Tate
![Page 2: Lyft Investment](https://reader038.fdocuments.in/reader038/viewer/2022102522/55beb78fbb61eb253c8b4742/html5/thumbnails/2.jpg)
Basic Company Description
Management
Market
Strategy
Exit/Conclusion
![Page 3: Lyft Investment](https://reader038.fdocuments.in/reader038/viewer/2022102522/55beb78fbb61eb253c8b4742/html5/thumbnails/3.jpg)
Basic Company Description
Company Management Market Strategy Conclusion
![Page 4: Lyft Investment](https://reader038.fdocuments.in/reader038/viewer/2022102522/55beb78fbb61eb253c8b4742/html5/thumbnails/4.jpg)
Management Team
Logan Green John Zimmer Chris Lambert
PresidentCEO CTO
• Formerly worked at Zimride Zimride acquired by
Enterprise
• Worked alongside Logan Green at Zimride
• Leadership experience at companies such as Google and Intel
“He takes the time
to ensure quality.”
- Wesley Enterline
“Passionate entrepreneur
with keen business sense”
- Heston Liebowitz
Lead developer of the web's first W3C
Geolocation API service
Company Management Market Strategy Conclusion
![Page 5: Lyft Investment](https://reader038.fdocuments.in/reader038/viewer/2022102522/55beb78fbb61eb253c8b4742/html5/thumbnails/5.jpg)
Key Decision Makers
• Eric Garland
Board Member
• Raj Kapoor
Board observer
• Simon Rothman
Board Observer
• Ann Miura-Ko
Board Observer
Company Management Market Strategy Conclusion
Other Investors
![Page 6: Lyft Investment](https://reader038.fdocuments.in/reader038/viewer/2022102522/55beb78fbb61eb253c8b4742/html5/thumbnails/6.jpg)
Taxi Industry - $11 Billion
Uber Valuation $41 Billion
Medium Regulation
Market Characteristics
Company Management Market Strategy Conclusion
![Page 7: Lyft Investment](https://reader038.fdocuments.in/reader038/viewer/2022102522/55beb78fbb61eb253c8b4742/html5/thumbnails/7.jpg)
Porter’s Five ForcesBargaining Power Over Suppliers: Low- Large number (fragmented) of potential drivers- Culture is enticing, but no significant pay increase
Bargaining Power Over Buyers: Low- Most people are not as aware of Lyft- Significant uneasiness with the industry
Threat of New Entrants: Medium- No significant technological advantage, or economies of scale- Network effect keeps new players out
Threat of Substitutes: High- Taxis, bikes, personal cars, public transit, friends
Rivalry: Medium- 200+ Taxi companies- Few Tech players
Company Management Market Strategy Conclusion
![Page 8: Lyft Investment](https://reader038.fdocuments.in/reader038/viewer/2022102522/55beb78fbb61eb253c8b4742/html5/thumbnails/8.jpg)
Will There Only Be One?
Small company, no brand name
Beagle
Israeli company, more than $200M of funding
GetTaxi
Offers price discrimination to drivers
SideCarOther Players
Company Management Market Strategy Conclusion
![Page 9: Lyft Investment](https://reader038.fdocuments.in/reader038/viewer/2022102522/55beb78fbb61eb253c8b4742/html5/thumbnails/9.jpg)
Competition
Company Management Market Strategy Conclusion
![Page 10: Lyft Investment](https://reader038.fdocuments.in/reader038/viewer/2022102522/55beb78fbb61eb253c8b4742/html5/thumbnails/10.jpg)
Company Management Market Strategy Conclusion
Lyft Insurance Protection
Keep Your Tips
Commercial insurance protection for all drivers
Driver – Why Lyft?
![Page 11: Lyft Investment](https://reader038.fdocuments.in/reader038/viewer/2022102522/55beb78fbb61eb253c8b4742/html5/thumbnails/11.jpg)
User - Community
Company Management Market Strategy Conclusion
![Page 12: Lyft Investment](https://reader038.fdocuments.in/reader038/viewer/2022102522/55beb78fbb61eb253c8b4742/html5/thumbnails/12.jpg)
Valuation
Company Management Market Strategy Conclusion
Investments
• Series D - $250M
• Estimated $1.3B Valuation
Growth
• 15 to 65 markets in 12 months
Financials
• Estimated $100M revenue
• 13x multiple?
![Page 13: Lyft Investment](https://reader038.fdocuments.in/reader038/viewer/2022102522/55beb78fbb61eb253c8b4742/html5/thumbnails/13.jpg)
Exit Strategy
Company Management Market Strategy Conclusion
$500M
![Page 14: Lyft Investment](https://reader038.fdocuments.in/reader038/viewer/2022102522/55beb78fbb61eb253c8b4742/html5/thumbnails/14.jpg)
Conclusion/Investment Thesis
Company Management Market Strategy Conclusion
No
• Strong experience• Already successfulManagement
• Room for expansion• High rivalryMarket
• Uber wins• Lyft obtains minimal returnStrategy
• >$1B valuation at $100M gross run rate• IPO/Acquisition will not be high enough
Valuation/Exit Opportunities
No
No
Yes
Yes