Not only has Autotech Ventures backed Lyft, it gave founder John Zimmer a literal roof over his head when he moved to San Francisco.
But beyond the Wall Street hubbub, hundreds if not thousands of smaller startups are trying to tackle many of the same problems. After all, so much of a commute is connected. The car that drove you to work either has to park or go give more rides.
Not only are technological innovations like data-connectivity, sensors, and artificial intelligence set to make commutes"smarter" and potentially faster, the entire way people think about cars has begun to change. Then there's Uber and Lyft's massive IPOs this year. Each company cited a wane in personal vehicle ownership in their offering prospectuses, helping boost the massive addressable markets each company touted to investors.Choosing Lyft over Uber
Zimmer even lived with one of Autotech's other LP's when he moved to San Francisco from the East Coast, so the personal connection cannot be overstated. Vehicle ownership, is also sure to be sticky in parts of the country where it's virtually impossible to live without a personal vehicle. For many businesses, too, they're a necessity of the trade.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
U.S. Cable Billionaire Rocco Commisso Buys Italy’s Fiorentina Football ClubThe purchase price was not disclosed, but media reports pegged the transaction at between $150 million and $200 million.
Consulte Mais informação »
Cristiano Ronaldo sex assault suit changes venues, accuser seeks $200M
Consulte Mais informação »
‘Swamp Thing’ was canceled, but fear not: Its first season will still airWell, that was fast: DC Universe's 'Swamp Thing' has been canceled after one season (and not even a week since it debuted to positive reviews).
Consulte Mais informação »
Exclusive: U.S. will not accept more Turkish F-35 pilots over Russia defenses - sourcesEXCLUSIVE: The United States has decided to stop accepting any additional Turkish F-35 pilots over Russia defenses - sources by phildstewart
Consulte Mais informação »
Atlantic City's Success May Depend Not On Casinos But On Street-Level Food And DrinkThe beach block of a long-neglected street could spur the private investment the city so desperately needs.
Consulte Mais informação »