4 ms·
It's easy to be cheap when you subsidize each ride with VC money.
by j-walker 9y ago
It's easy to be cheap when you subsidize each ride with VC money.
- hyperbovine 9y agoThis seems like the correct answer, otoh VC money is still not MY money.
- _pmf_ 9y ago> This seems like the correct answer, otoh VC money is still not MY money This depends on where the 700 billion dollar from the Emergency Economic Stabilization Act of 2008 ended up.
- shakestheclown 9y agoThey can't burn money forever, and while I can't blame anyone for going the cheaper option for now they won't subsidize forever.
- sharkweek 9y agoNot that VC mandates are normally more than a few %s of most LP's allocations, it's still someones money; pensions, insurance, etc. all take a hit if VC funds fail.
- pembrook 9y agoHuh? And Lyft is just scaling on organic growth?? You do realize Lyft has raised 4+ billion in funding and they aren't profitable either. Their ride prices are Coke and Pepsi similar to Uber in most major US markets. Do the math.
- euyyn 9y agoWhy doesn't Lyft do similarly?