TL;DR of Lyft's S-1


by the venture twins:

  1. Lyft’s take rate (net revenue/bookings) of 25%+ is surprisingly high.
  2. A “mission-driven brand” is portrayed as the way to beat Uber.
  3. Huge insurance and incentive costs hit margins.
  4. Lyft has invested heavily in AV — and is closer behind Uber than they may seem
  5. Bike and scooter revenue is “not material” now — but likely will be soon.

read full story.



reminds me of that comedian “let me order an Uber… excuse me, a Lyft. Because I’m woke.”


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