I don't know about you, but I've literally like, I've been like.
I've had trouble sleeping the last couple of nights, dude.
I woke up early this morning.
I woke up at.
Yeah, I Woke up at 6:30 and like went for.
I ran down here to the office and like, I spent all last night and all today just like getting hype.
Welcome to season four, episode four of Acquired the podcast about technology, acquisitions and IPOs.
I'm Ben Gilbert.
I'm David Rosenthal and we are your hosts.
Well, David, as Vince Vaughn once said to Owen Wilson in Wedding Crashers, it's wedding season, kid.
The IPO floodgates are open and we are here with the very first one of 2019, the Lyft IPO.
I am so excited.
I know.
Well, obviously this is an important moment for Lyft and ride sharing broadly, but what it represents for the entire technology industry is possibly even greater.
That the good times can continue.
We've had a serious drought in big tech IPOs over the last few years, with most of these companies opting to famously stay private longer.
There was significant risk that the public markets do not value these unicorns as highly as the late stage private investment market has been.
If Lyft had not overcome its last private valuation, we'd be seeing a lot of articles right now about how valuations for startups across the board would drop and times could get tough.
Now, we've still got a lot more IPOs ahead and we've just seen one day of trading, but from what we know where we sit today, people in the technology ecosystem everywhere can breathe easy.
Yeah, the signs are good.