The Lyft IPO

Lyft 首次公开募股

Acquired

商务

2019-03-31

2 小时 19 分钟
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Call it the playoffs. Call it the Olympics. Call it March Madness. No matter which sports analogy you borrow, it falls short of capturing what Lyft's IPO yesterday kicked off in the tech world. A generational changing of the guard from the FAANG to the APLUSS (Airbnb, Pinterest, Lyft, Uber, Slack, Stripe). A breaking of the liquidity dam that's kept capital, technology and talent locked up in a small number of Silicon Valley winners for longer than ever in history. And most importantly, a public market avenue for investing in the largest single market created since the advent of the internet. Acquired is live on the scene recounting and analyzing the history of Lyft (and ridesharing broadly) in every exquisite detail! Sponsors:ServiceNow: https://bit.ly/acqsnaiagentsHuntress: https://bit.ly/acqhuntressVanta: https://bit.ly/acquiredvanta More Acquired!: Get email updates with hints on next episode and follow-ups from recent episodesJoin the SlackSubscribe to ACQ2Merch Store!Links: Lyft’s S-1:  https://www.sec.gov/Archives/edgar/data/1759509/000119312519059849/d633517ds1.htmDonate to Homobiles: http://bit.ly/2TM40nAÂCarve Outs: Ben: Bill Gurley on "Runnin' Down a Dream" https://www.youtube.com/watch?v=xmYekD6-PZ8David: "Cricket Fever" on Netflix: https://www.netflix.com/title/80222770
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  • 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.