Venture Bytes #53 – In the Hunt for the Holy Grail

Month: June 2019

Venture Bytes #53 – In the Hunt for the Holy Grail

on June 20, 2019

Reaching profitability is the Holy Grail for the ride hailing companies. The narrative today is that autonomous vehicles (AV) will eliminate the biggest cost component (driver commissions), thereby increasing the take rates and moving the companies closer to profitability. While we believe AVs will accelerate the timeline to reaching profitability, a lot more expenses need to be factored in before we get there. The second article looks at the micromobility business in the face of large investments in this business by the participants. We believe this business in the long run will be net additive to the overall ride hailing business, given its compelling economics and growing demand.

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Venture Bytes #52 – Lyft Has AV Mapped Out

on June 20, 2019

The two lead articles are titled ‘Lyft Has AV Mapped Out’ and ‘Digital Ads Surpass Traditional Ads’. Both the articles are topical given the recent IPOs of Lyft and Pinterest. The race to introduce the first commercially viable autonomous vehicle (AV) is on. A number of companies are jockeying to be the leader given the high stakes, particularly for Uber and Lyft, the incumbent leaders in the current ride-hailing market. Handicapping the winner in this race is not easy but early indications suggest that Lyft is ahead of the pack. The second article is highly supportive of Pinterest given its mobile-native platform and digital ad-based revenue model. The digital ad market is on a strong growth trajectory, essentially insulated from the challenges facing the traditional ad market.

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Venture Bytes #51 – Lyft to Lift the Hood

on June 20, 2019

The two lead articles in this edition are very topical. The first one, ‘Lyft to Lift the Hood’, is our take on the ride-hailing market and Lyft’s strong competitive position in it, which is essentially a duopoly. The second article, ‘A Hardware Speed Bump for Neural Networks’, highlights the limitations of harnessing the full potential of artificial intelligence.

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