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Carl Icahn has invested $100 million in Lyft at a $2.5 billion valuation

Discussion in 'Lyft Riders Forum' started by Dreamer, May 15, 2015.

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  1. Dreamer

    Dreamer
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    Carl Icahn has invested $US100 million in Lyft, a company that competes with ride-hailing service Uber. The company raised $US150 million this time around at a $US2.5 billion valuation.

    The remaining $US50 million comes from Icahn’s long-time rival, Marc Andreessen and his firm, Andreessen Horowitz.

    In a spar over eBay, Icahn once said “Andreessen, he’s screwed more people than Casanova, for Christ’s sakes.”

    Icahn believes “ridesharing is poised to become a fundamental component of our transportation infrastructure.”

    The new investment in the company is an extension of Lyft’s $US530 million Series E round that it raised in March, led by Japanese e-commerce company Rakuten.

    http://www.businessinsider.com.au/carl-icahn-invests-150-million-in-lyft-2015-5
     
  2. ClevelandUberRider

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    Lyft has class. Uber has the market.

    That pretty much explains a lot of the market's one observes in their daily life.

    Entrepreneurs need to decide on day one, whether the product under development is meant to serve a niche, or the mass market.

    To serve a niche market, quality and/or service is the key competitive advantage. To serve the mass market, one needs to cater to the most basic, ugly, common denominator.
     
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