Lyft
Ride sharing company
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Company mission
To improve people’s lives with the world’s best transportation.
Employees
1001+
HQ Location
China Basin, San Francisco, CA
OTTA INSIGHTS
Otta's take on Lyft
Xav Kearney
CTO of Otta
Lyft has aimed for consistent growth, making sure to pitch itself as the more reliable and friendly ride-sharing option than its main competitor, Uber. Uber has a greater market share and operates globally, but Lyft hopes to compete by its focus on ride-sharing over Uber's more diversified business approach, and as a more rider-friendly and greener alternative to Uber.
Operating only in the USA and Canada, Lyft is in a position of being less affected by global events than Uber but also more vulnerable to local conditions. As an example, while it doesn't face the regulatory hurdles around employment rights that Uber does, it is unable to balance out the cost of the unusually expensive US auto insurance across its operations.
In 2022, Lyft acquired PBSC Urban Solutions, a bike-share equipment and technology supplier, allowing Lyft to compete in new verticals and reaffirming its commitment to green transportation. It has also trialled and launched Lyft Assisted, where drivers help passengers from their door into the car in order to get to medical appointments. These developments chime well with Lyft's unique selling point as a friendlier and more environmentally aware ride-sharing app.
Total funding - $4.9bn
Last 2 fundraises
Mar 2018
$200m
LATE VC
Jun 2018
$600m
LATE VC
This company has top investors
Company benefits
- Great medical, dental, and vision insurance options
- Mental health benefits
- In addition to 12 observed holidays, salaried team members have unlimited paid time off, hourly team members have 15 days paid time off
- 401(k) plan to help save for your future
- 18 weeks of paid parental leave. Biological, adoptive, and foster parents are all eligible
- Pre-tax commuter benefits
- Lyft Pink - Lyft team members get an exclusive opportunity to test new benefits of our Ridership Program
Company values
- Wow our customers: We’re all on the front lines of customer service, no matter what role we’re in. We go above and beyond to serve others with high-quality products and hospitality they can rely on. We work hard to leave our customers with a smile.
- All-in ownership: We have grit. There is no job too small nor challenge too big. We are all-in. We think long term and always optimize for Lyft as a whole. We never say, “that’s not my job.”
- Take care of each other: We create an inclusive environment where everyone is safe to be themselves. We build trust by listening attentively, speaking candidly, and treating others respectfully. We have each other’s backs.
- Create fearlessly: We have a bias for action and we value taking bold, calculated risks. We move fast and don’t make customers wait. When we fail, we learn from it, adjust, and try again.
- Take pride, be humble: We take pride in our work and whatever we do, we do it well. We assess our own work critically and we’re the first to call out our shortcomings. We continuously push ourselves and others to improve and set a higher bar.
- Build great teams: We recruit, and develop exceptional talent. We collaborate and combine our powers to accomplish more than we could do alone.
- Disagree & commit: We engage in thoughtful, direct, and respectful debate, even when it’s uncomfortable. Once we land a decision, we commit fully and move forward.
- Dive deep: We stay connected to all the details, audit frequently, and continually seek deeper insights. We don’t take anything at face value and are skeptical when metrics and anecdotes differ.
- Inspire: We start with a big compelling vision, and work backwards to create and communicate a clear plan. We rally those around us and accomplish what others see as impossible.
- Deliver impact: While all the ingredients matter, we know that it’s the end result that counts. We carefully prioritize our time and resources to get the greatest impact for the customer and our mission. Despite setbacks, we rise to the occasion, and can be counted on to deliver results on time.
Articles
Founders
John Zimmer
(President)Originally an Analyst at Lehman Brothers, Zimmer then founded Zimride which was a private ridesharing company which pivoted into Lyft.
Logan Green
(CEO)Founded Zimride, a private ridesharing company which later pivoted into Lyft.
Lyft is hiring for 11 jobs on Otta!
Software Engineering
Finance, Legal & Compliance