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Timeline
April 15, 2020
Lyft launches food and medical supply delivery for agencies and orgs impacted by COVID-19.
August 7, 2019
Lyft announces a revenue rising range of $3.47 billion to $3.5 billion in 2019.
May 7, 2019
Anyone with the Lyft app in the Phoenix area can summon one of the 10 self-driving Waymo cars that will join the ride-hailing service by end of September.
March 29, 2019
Initial public offering
Lyft began trading on the Nasdaq under the ticker symbol LYFT, priced at $72 a share. The company raised over $2.3 billion in its initial public offering.
November 2018
In November 2018, Lyft bought Motivate, the largest bike-share company in the United States.
June 2018
Lyft receives in $600 million in funding
Investors include Fidelity Research & Management, AllianceBernstein, Baillie Gifford, KKR, CapitalG, Rakuten and others.
May 23, 2013
Lyft raises a $60,000,000 series C round from Andreessen Horowitz.
January 30, 2013
Lyft raises a $15,000,000 series B round from FLOODGATE, Forerunner Ventures, Ooga Labs, K9 Ventures, Founders Fund and Mayfield Fund.
2012
Lyft launches in 2012 and is led by its founders, Logan Green and John Zimmer.
September 21, 2011
Lyft raises a $6,000,000 series A round from Mayfield Fund, K9 Ventures and FLOODGATE.
June 1, 2009
Lyft raises a $300,000 seed round.
Funding rounds
Funding round
Funding type
Funding round amount (USD)
Funding round date
Investment
Series B round15,000,000
January 30, 2013
FLOODGATE (venture capital firm)
Forerunner Ventures
Founders Fund
K9 Ventures
Mayfield Fund
Ooga Labs7,500,000,000
April 2017
KKR
Baillie Gifford
AllianceBernstein
Rakuten
Janus Capital Group
Series A round6,000,000
September 21, 2011
60,000,000
May 23, 2013
Andreessen Horowitz (a16z)
InMotion VenturesPeople
Name
Role
LinkedIn
Adebimpe Oyeyemi
Employee
AF Square
Investor
Alex Aguilera
Employee
Amy Zuckerman
Employee
Andrea Long
Employee
Anh Tran
Employee
Ann Miura Ko
Investor
AnnaRose Hughes
Employee
Ben Greenberg
Employee
Benjamin Ling
Investor
Boris Korsunsky
Employee
Brandon Ice
Employee
Brian Garza
Employee
Caleb Sayre
Employee
Chris Arenas
Employee
Chris Grant
Employee
Chris Lambert
Employee
Chris Pouliot
Employee
Colin Frolich
Employee
Cory Jones
Employee
Cynthia Rodriquez
Employee
Danilae Smith
Employee
David Sacks
Investor
Dayton Anderson
Employee
Devon Jerome
Employee
Further reading
Title
Author
Link
Type
Date
Documentaries, videos and podcasts
Title
Date
Link
Companies
Company
CEO
Location
Products/Services
News
Title
Author
Date
Publisher
Description
Megan Rose Dickey
May 11, 2020
TechCrunch
Hundreds of Uber and Lyft drivers are staging a caravan protest at Uber's San Francisco headquarters to demand Uber comply with gig worker protections law AB-5, pay into the state's unemployment insurance fund and drop the ballot initiative it proposed along with Lyft and DoorDash that aims to keep gig workers classified as independent contractors. [...]
Connie Loizos
May 11, 2020
TechCrunch
We recently interviewed Jon McNeill to learn more about his newest project, a startup studio called DeltaV Ventures. But we also wanted to hear about what it's like to work inside of Tesla and Lyft. McNeill spent two-and-a-half years as the carmaker's president, heading up global sales, marketing, delivery and government relations before heading to [...]
Jim Dallke
May 6, 2020
AmericanInno
Charlotte nonprofits can now request a Lyft driver to deliver groceries, medical supplies and other items to low-income communities in Charlotte.
Kirsten Korosec
May 11, 2020
TechCrunch
The Station is a weekly newsletter dedicated to all things transportation. Sign up here -- just click The Station -- to receive it every Saturday in your inbox. Hi and welcome back to The Station, I'm your host Kirsten Korosec, senior transportation reporter at TechCrunch. If you're interested in all the future and present ways people [...]
Kari Paul in San Francisco
May 8, 2020
the Guardian
Uber plans to lay off 3,700 workers as Lyft lays off 982 and furloughs 288. Photograph: Josh Edelson/AFP via Getty Images
May 6, 2020
Harvard Business Review
Youngme, Felix, and Mihir debate earnings reports from Apple, Facebook, and others, and discuss warning signs for Uber and Lyft.
Agencies
May 6, 2020
@bsindia
The company said the layoffs included its customer support and recruiting teams, and expects to incur about $20 million in costs for severance and related charges.
Reuters Editorial
May 6, 2020
U.S.
Uber Technologies Inc will cut about 3,700 full-time jobs and Chief Executive Officer Dara Khosrowshahi will forgo his base salary for the remainder of the year, the company said on Wednesday, as the COVID-19 pandemic decimates its ride-hailing business.
Todd Prussman
May 5, 2020
Boston Herald
The U.S. service sector shrank for the first time in a decade last month as the pandemic forced shutdowns and layoffs nationwide.
Kate Conger
May 5, 2020
www.nytimes.com
The ride-hailing companies are accused of defying a new state law that says gig workers should be treated as employees.
Megan Rose Dickey
May 5, 2020
TechCrunch
Gig workers have become an essential part of our society during the COVID-19 global health crisis. But even before the pandemic, gig workers had become a staple in the lives of many people who use services like Uber, Lyft, Instacart, DoorDash and Postmates. Despite the growing presence of gig workers, little has been known about [...]
Kirsten Korosec
May 4, 2020
TechCrunch
The Station is a weekly newsletter dedicated to all things transportation. Sign up here -- just click The Station -- to receive it every Saturday in your inbox. Hi readers. Welcome back to The Station, a weekly newsletter dedicated to the future (and present) of transportation. I'm your host Kirsten Korosec, senior transportation reporter at TechCrunch [...]
Natasha Mascarenhas
May 4, 2020
TechCrunch
Lyft has slimmed down its internship program from 12 weeks to eight weeks, cut some intern salaries by half and rescinded its housing stipend, TechCrunch has learned. The company confirmed that it has shortened the internship and that it only cut some intern salaries. It did not define which roles and departments were specifically affected. [...]
Shira Ovide
April 30, 2020
www.nytimes.com
Thank goodness for crummy video conferencing.
Megan Rose Dickey
April 30, 2020
TechCrunch
Lyft, which just had a massive round of layoffs where 982 people lost their jobs and 288 were furloughed, is also pumping the brakes on its scooter operations in a handful of cities. In an email sent to Oakland riders yesterday, Lyft said scooters would no longer be available, effectively immediately. "Thanks for riding our [...]
Reuters Editorial
April 29, 2020
U.S.
Lyft Inc plans to lay off 982 employees, or 17% of the ride-hailing firm's workforce, due to economic challenges caused by the coronavirus pandemic, the company said in a regulatory filing on Wednesday.
Connie Loizos
April 28, 2020
TechCrunch
Lyft's former COO Jon McNeill has had a fairly storied career as an operator. A Northwestern University economics major who worked at Bain & Co. out of college, he went on to start and sell five companies before being introduced in 2015 to Elon Musk by Sheryl Sandberg and spending 2.5 years as Tesla's president [...]
Kirsten Korosec
April 27, 2020
TechCrunch
Ben Horowitz, the co-founder and general partner of venture capital firm Andreessen Horowitz won't seek re-election to Lyft's board, according to a document filed with the U.S. Securities and Exchange Commission on Monday. Horowitz has served as a board of director at the ride-hailing company since June 2016. His venture firm, which he co-founded with [...]
Shira Ovide
April 21, 2020
www.nytimes.com
An economic and health crisis is exposing how vulnerable Uber workers really are.
Noam Scheiber
April 17, 2020
www.nytimes.com
California's move to aid gig workers may break federal rules. But the state said it had few options after the ride-hailing companies resisted other benefits.
SHOW MORE
References
Lyft
Is a
CompanyCompany attributes
Peer-to-peer
Transportation network companyLocation
San FranciscoCompany status
Active
John Zimmer
Logan Green
John Zimmer (entrepreneur)Legal classification
Privately held companyCrunchbase
Arjun Sethi
CapitalG
Graphene Ventures
Light Street Capital
Senator Investor Group
UTA Ventures
Machine Shop VenturesFounded date
June 2012
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