Two people. Working for less than 10 years each. Spending billions of dollars of other people’s money.
Speaking as a Founder myself.... Honestly their stake is too damn high. They didn’t do 0.001% of the work required to build the company. Could you make the case they even had some unique skill or insight that meant they were providing even 1% of the business value? They were just first.
And they weren’t even the first with the idea of how to build a “Lyft”. They were just the first on this particular cap table.
They also owned the company, this means something.
The capital invested represents the accumulated work of a lot of other people.
Re:Lyft prices IPO at top of range
by wickedsmile on Thursday March 28, 2019 @07:42PM
(#19517764)
And capital is acquired for free?
Think it this way, the work of founders which got them their share of capital will be used as investment in some other company.
Or are you trying to claim the capital invested in this company by investors was acquired for free without putting in any work or risk?
But I'm just making a commentary on the relative value of the capital vs. the work.