Lyft prices IPO at top of range
A fun lession in dilution:<p>Logan Green and John Zimmer, the co-founders of Lyft, will each have about $500M in stock at $72.<p>(Edit: I miscalculated the holdings of the cofounders at $85M because I didn't account for their class B shares.  However, I think my point still stands for the most part).<p>Google holds $900M in Lyft stock.  A16Z holds $1B in Lyft stock.  GM and Fidelity have $1.3B.  Rakuten Europe has $2.2B.<p>$500M is certainly a life-changing outcome, but it's interesting how we value the capital that those companies put in far more than we value the years of work those two put in.<p>Edit 2:  To be clear, this isn't a complaint in any way.  What A16Z and Google and the rest did for Lyft is highly valuable and worthy of compensation.<p>This is simply a commentary on the relative value of capital vs labor.