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I'm not sure I agree that VC's not investing in Lyft is a bad sign for Lyft's long-term success. Those who have invested in Lyft recently make good sense as in
by ErikVandeWater 11y ago
I'm not sure I agree that VC's not investing in Lyft is a bad sign for Lyft's long-term success. Those who have invested in Lyft recently make good sense as investors. Carl Icahn isn't exactly dumb money, and can probably add a unique perspective. GM makes sense because it is a very good long-term partner: Autonomous vehicles will be a big part of the future, and when that time comes, Lyft will have a highly-qualified partner to bring a fleet to market.
- viscanti 11y agoThe point isn't that they've never had VCs or 'smart money' (we could debate Carl Icahn's smartness for tech), it's that their latest round of $750M didn't have any. They have GM and a Saudi prince making up the entire round. Neither of those likely meet even a liberal definition of 'smart money'.