I agree with your devil's advocate.
Not to downplay Lyft, though... Lyft started in 2007, two years before Uber — and so was doing ridesharing beforehand. Uber snuck in with a taxi model that was legally gray which opened the doors.
So basically it's about about execution, not timing.
No complaint, just a commentary on the value of capital vs labor.
Re:Lyft prices IPO at top of range
by throwaway5752 on Thursday March 28, 2019 @07:23PM
(#19517641)
That's a bit glib, though. They are the 2nd mover in a capital intensive business. Kalanick did better, in a pretty direct comparison. Anyway, I'll drop it. They have set up their families for centuries, build a huge company in extraordinary little time, made a lot of their employees rich, made life a lot better for people trying to hail a cab, and I don't want to rain on their well-deserved parade today.
The capital is arguably more valuable in this case. Lyft is just a copycat of Uber, what did the founders bring to the table?
I'm playing devil's advocate [more than] a bit. I'm happy for Green and Zimmer, and they are both making FU money from this so I'm not sure what the complaint is.