2 ms·
Lyft was allegedly rebuffed by investors over the summer (they apparently tried to raise another round once Uber raised their 1B round). It sounds like Lyft's i
by viscanti 12y ago
Lyft was allegedly rebuffed by investors over the summer (they apparently tried to raise another round once Uber raised their 1B round). It sounds like Lyft's investors are really pushing Uber for an acquisition (http://www.businessinsider.com/uber-lyft-wants-us-to-acquire-them-2014-8 http://www.businessinsider.com/uber-lyft-wants-us-to-acquire...). I'd be surprised to see them ever make it to an IPO. Their recent spree of attack articles against Uber seem to line up with the alleged threats to "go nuclear" if they aren't acquired. It seems like a desperate company on the way out.
- encoderer 12y agoHold up. Lyft raised 1/4 billion dollars 5 months ago. I really question your sources here, but IF there was any issue with Lyft raising more money it's certainly a question of valuation. Not whether they can raise but whether they can raise on their own terms. And of course lyft's investors want an Uber buyout. Anyway, I certainly cannot predict the future, but on the trajectory Lyft is on as it looks to me living in SF, an IPO is on the horizon. Interesting to see the on-the-ropes impression by several of you. Where do you live?