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Lyft: A Year-Old Startup That Helps Strangers Share Car Rides

Lyft is a car-sharing/semi-pro taxi service.

How it works: You open an app on your smartphone to summon a driver to take you somewhere. A car with a big, fuzzy pink mustache affixed to its front arrives to pick you up. The person who picks you up is not a professional driver, but another Lyft user.


http://youtu.be/-ghcjvXVcSQ

http://www.businessinsider.com/lyft-a-startup-that-helps-str...

Lyft, which is only a year old, plans to use $60 million to expand beyond its current markets.

The funding enters Lyft into more serious competition with Uber and GroundLink, another two startups with apps people can use to summon taxi rides. Uber has raised the most capital of the three, and has the lead in terms of adoption.

Originally called Zimride, When Logan was traveling in Africa — Zimbabwe, to be exact — he noticed that despite the lack of infrastructure, people were able to get around efficiently thanks to a vibrant ridesharing movement.

He wondered to himself, what would be the next big innovation in transportation? He thought, “I’ll bet it’s about using information to fill seats — especially all those empty seats in cars.”

With this unique vision in mind, John and Logan went about launching Zimride and Lyft. The information technology problem was essentially solved with the proliferation of GPS-enabled smartphones.

The first incarnation, Zimride, launched in 2007, tackling these issues by targeting college students headed home on holiday. Logan and John’s big insight was that by using Facebook profile information via Facebook Connect, both the drivers and the riders could find out about each other to develop enough trust to get into a car together.

Last June, they launched Lyft in San Francisco, a made-for-mobile, ridesharing app that was geared towards ridesharing within a city as opposed to between cities.

Since its launch, Lyft has absolutely exploded and is now doing over 30,000 rides per week

Lyft screens their drivers with interviews and full background and DMV checks. They are looking for real people with great driving records and a knack for hospitality.

You also get to ride up front in a Lyft. As the car pulls up with its unique pink mustache on the front (as John says, “it always brings a smile!”), you jump in the front seat and do a ceremonial fistbump with the driver. You are offered a phone charger and the chance to play DJ for the ride. Many of the drivers I’ve ridden with even offer something unique and fun like Capri Suns or snacks for the road.

Lyft is a real community – with both the drivers and riders being inherently social – making real friendships and saving money.

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Great idea

Maybe I should start one called Ryde, for those who are not interested in a left/lyft program?

$60 million BWA HA HA HA HA HA HA!

$60M. Yeah the days of "irrational exuberance" are back. All of Wall Street in their fancy suits are once again jealous of young men in jeans and sneakers. They want in on the next magic fruit from the geek tree.

$60 million for what is basically car service software...is EFFING RIDICULOUS.

ok can I have $1M to develop this soup-to-nuts, total turn key operation, all 50 states, tested through beta, up and running inside of 12 months with a viral marketing campaign so it sells itself AND YOU GUYS CAN GO BUY A $59 MILLION DOLLAR ISLAND?

DOES THAT SOUND LIKE A GOOD DEAL?

PM ME!

There is nothing strange about having a bar of soap in your right pocket, it's just what's happening.

What a beautiful idea!

I'd do it just to have the pink mustache on my ride.

"It is difficult to free fools from the chains they revere".
--Voltaire

It's hard not to be a menace to society when half the population is happy on their knees. - unknown

Fantastic

I have several friends who are drivers for Lyft and for many of them it has become their main source of income. What this service really does is frees up the taxi monopoly in the city, allowing people to get personalized and affordable rides while allowing the drivers to accept donations without government interference. This topic has become a great way to lead a conversation into free-market ideology.