It takes a lot more than a good idea and the right timing to build a billion-dollar company. Talent, focus, operational effectiveness and a healthy dose of luck all play a part.
View More Airbnb, Automattic and Pinterest top rank of most acquisitive unicornsCategory: Lyft
Startups Weekly: Flexport, Clutter and SoftBank’s blood money
Plus, Pinterest is going public too, Lyft’s IPO is imminent and London is home to the largest pre-seed fund ever.
View More Startups Weekly: Flexport, Clutter and SoftBank’s blood moneyLyft plans to launch IPO next month
Driving service Lyft is planning to beat Uber to the punch of launching an IPO. At the end of last year, both companies filed the necessary paperwork around the same time. Should Lyft go public on March 18 as planned, it would be the only ride-hailing…
View More Lyft plans to launch IPO next monthPinterest and Lyft move closer to IPO, and LPs question the Vision Fund’s investment strategy
Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines. What a week. It had looked a bit quiet with just a few big rounds to cover. I was looking forward to a relaxed episode, frankly. But no, as Kate and I were prepping the show notes, the […]
View More Pinterest and Lyft move closer to IPO, and LPs question the Vision Fund’s investment strategyPinterest files confidentially to go public
The visual search engine has confidentially submitted paperwork to the Securities and Exchange Commission for an initial public offering slated for later this year, WSJ reports.
View More Pinterest files confidentially to go publicOn-demand logistics startup Lalamove raises $300M for Asia growth and becomes a unicorn
Lalamove, a Hong Kong-based on-demand logistics startup, has closed a $300 million Series D round as it seeks expansion across Asia. In doing so, the company has officially entered the unicorn club. Founded in 2013 by Stanford graduate Shing Chow, Lalamove provides logistics and delivery services in a similar style to ride-hailing apps like Uber […]
View More On-demand logistics startup Lalamove raises $300M for Asia growth and becomes a unicornLyft reportedly will beat Uber to IPO
The two competing ride-hailing apps Lyft and Uber both filed paperwork before the end of 2018 to go public in 2019. Now it looks like Lyft’s initial public (IPO) offering will beat out Uber’s.
CNBC reported Wednesday that Lyft’s IPO will launch around March 18, while Uber’s will need a few more weeks to prepare.
Uber dwarfs Lyft in most ways — it’s valued at around $90 billion, while CNBC said Lyft’s latest valuation is around $20 million. Uber also has a vast presence. It’s available in more than 600 cities around the world while Lyft only operates in the U.S. and Canada. Read more…
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View More Lyft reportedly will beat Uber to IPOLyft reportedly plans to debut on Nasdaq next month
Ride-hailing company Lyft plans to file its initial public offering in March, possibly beating rival Uber to the milestone. Two reports, one from Reuters, the other from WSJ, indicate Lyft plans to list its shares on Nasdaq next month. The WSJ, citing unnamed sources, reported Lyft may make the filing public as early as next […]
View More Lyft reportedly plans to debut on Nasdaq next monthLyft launches surge-free, shared rides
Somewhat similar to Uber’s Express Pool option, Lyft just launched Shared Saver to help people spend less money for shared rides. But what makes Lyft’s option more attractive is that riders will never experience surge pricing. “You’ll lock in the lowest prices, always — even when it’s busy,” Lyft wrote in a blog post today. […]
View More Lyft launches surge-free, shared ridesLyft rolls out its own version of Uber Express Pool called ‘Shared Saver’
If you’re willing to walk a few blocks, you could save money on your next ride.
On Wednesday, Lyft rolled out its version of Uber Express Pool: Shared Saver. Think of it as an on-demand mini-bus. The app gives you walking directions to meet a driver …
Uber sues NYC to contest cap on drivers
Uber filed a lawsuit against New York City, The Verge reported. The company wants to overturn New York City’s rule that caps the number of new ride-hailing drivers. Last summer, the city approved legislation that halts the issuing of new licenses to drivers for 12 months. It has been a multi-year fight between Uber and […]
View More Uber sues NYC to contest cap on driversLyft celebrates Black History Month with free rides
Lyft wants people to learn a thing or two about Black History on this important month so they are giving one free ride to a black history museum, memorial, relevant cultural site, or black-owned businesses in eligible communities. Read more…More ab…
View More Lyft celebrates Black History Month with free rides