&gt; I think it&#x27;s telling that they didn&#x27;t have any traditional investors in their most recent round.<p>No, it&#x27;s not telling at all. If you&#x27;re trying to raise $500M, you don&#x27;t have many choices. You&#x27;re looking at 1) IPO, 2) private equity, 3) strategic investors. IPO has obvious problems. The fact that Lyft chose strategic investors doesn&#x27;t say much. I&#x27;m sure there were tons of Asian private equity funds clamoring to invest.