Re:Lyft Is Said to Seek New Funding as Its Rival Uber Stumbles
by prostoalex on Thursday March 02, 2017 @12:51AM
(#13771784)
> from an outsider's perspective I don't understan
I don't either, but it's related to the outsider status.
Questions I'd be asking would revolve around unit economics - average gross and net revenues off a ride, average rides per driver per month, average rides per user per month, average driver retention and churn, average user retention and churn, all of the above in historic context broken down per market.
Presumably sophisicated investors at this stage are asking for such numbers and base their valuations on cashflow. It's not a pure software business with winner-take-all mentality, Lyft is a Lowe's to Uber's Home Depot.
I don't either, but it's related to the outsider status.
Questions I'd be asking would revolve around unit economics - average gross and net revenues off a ride, average rides per driver per month, average rides per user per month, average driver retention and churn, average user retention and churn, all of the above in historic context broken down per market.
Presumably sophisicated investors at this stage are asking for such numbers and base their valuations on cashflow. It's not a pure software business with winner-take-all mentality, Lyft is a Lowe's to Uber's Home Depot.