[j-walker]

It's easy to be cheap when you subsidize each ride with VC money.

[pembrook]

Huh? And Lyft is just scaling on organic growth??

You do realize Lyft has raised 4+ billion in funding and they aren't profitable either. Their ride prices are Coke and Pepsi similar to Uber in most major US markets. Do the math.

[hyperbovine]

This seems like the correct answer, otoh VC money is still not MY money.

[sharkweek]

Not that VC mandates are normally more than a few %s of most LP's allocations, it's still someones money; pensions, insurance, etc. all take a hit if VC funds fail.

[shakestheclown]

They can't burn money forever, and while I can't blame anyone for going the cheaper option for now they won't subsidize forever.

[_pmf_]

> This seems like the correct answer, otoh VC money is still not MY money

This depends on where the 700 billion dollar from the Emergency Economic Stabilization Act of 2008 ended up.

[euyyn]

Why doesn't Lyft do similarly?