8. Company History
• 2007 - Zimride founded by Logan Green and Josh Zimmer. Provided
long-distance rides on college campus
• Summer 2012 - Lyft officially launched (result of internal hackathon)
• May 2013 - officially changed from Zimride to Lyft
• August 2014 - Lyft Line launches
• January 2015 - Lyft rebrand (ditches the mustache)
• January 2016 - Lyft & General Motors partnership announced for self-
driving car research
9. Financing History
• May 2013 - $60 million Series C led by a16z
• April 2014 - $250 million Series D led by Coatue Management
• March 2015 - $530 million investment by Rakuten
• May 2015 - $150 million investment Icahn
• January 2016 - $1 billion investment from GM
• April 2017 - $600 million investment by KKR
• September 2017 - $1 billion possible investment by Alphabet
15. Financial Info
• 2016 - lost $600 million on $700 million in
revenue (narrowing losses)
• Still not profitable… yet
16. Competition
Features Taxi
Tap of a button ✔ ✔ ✔
Contractors as
drivers
✔ ✔
Dual-rating system ✔ ✔
Low-Cost → High-End ✔ ✔
Charity donations ✔
Self-driving car
initiatives
✔ ✔
Other services (e.g.
food delivery)
✔
17. Uber vs Lyft in CitiesCities
0
125
250
375
500
Lyft Uber Curb
60
460
300