3 ms·

But the business model was proven by Uber.

• tedmiston 10y ago
  Not really disagreeing with you because I don't think the business model has been proven yet. Neither company is profitable and both are still powered by fat stacks of venture capital. How the unit economics will pan out once that wears off isn't clear to me yet. It's also not that black and white as the Lyft team built Zimride (2007) prior to starting Lyft before Uber existed (2009). Even with that Uber focused on the high end market at the start while Lyft focused on the budget market.
  • dajohnson89 10y ago
    While profit is one measure of success, another is whether your company has become a household name across much of the world.