Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines.
Sure, we just aired a new episode yesterday but things keep happening, and after talking about this crop of IPOs for so long, we can’t help ourselves. (You can follow us on Twitter, here and here, by the way, if Equity isn’t enough for you.)
Lyft, as you know, started trading today, closing the loop on a long saga that brought the smaller of the two domestic ridehailing unicorns to the public markets.
After so much speculation about which of the two would get out the door first, Lyft did, and now we get to see what sort of pricing shenanigans happen next. Does Uber drop rates and punish Lyft? Or does Uber work to cut its losses, lowering its expenses and providing a clearer path towards profitability before its April IPO roadshow kicks off? (Not a path to profitability, mind; Uber and Lyft need to show a path to the direction of profitability first.)
We hit all the basis, going over the company’s pricing path, its varying share figures, final raise metrics, and more. If you want the hard stuff, we’ve got a shot for you.
Now that the Lyft IPO has wrapped, we’ll be shifting our focus to Pinterest, Zoom and of course, Uber. Stay tuned.
Ok, now we’re done. Until next Friday. Unless something else happens.