Re:Lyft prices IPO at top of range
by zaroth on Thursday March 28, 2019 @06:35PM
(#19517339)
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.
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.