Sidecar Puts Passengers Aside, Pivots to a Mostly-Deliveries Company
forbes.com
forbes.com
Lyft and Uber decided to play the much higher risk/higher reward game of antagonizing regulators in exchange for better product. In the early days of the rideshare war, the Lyft pink mustaches were everywhere and everyone was made aware that Lyft existed due to them.
It's an excellent example of how "playing clean" is not always in an entrepreneur's best interest and how luck and a willingness to take risk can alter fortunes on a profound scale.
So that's where Uber's capital is going. They're buying market share with actual money.
One thing that surprised me the most when putting it together - Zipcar was founded way back in June 2000, well before Uber/Sidecar/Lyft, and is still around alive and well today [2]. I often feel like it does not get enough credit for helping to improve the transportation space, especially compared to attention given to Uber/this new class of transportation-focused startups.
[1] You can check out the collection here: http://www.startuptimelines.org/collections/uber_lyft_taxi_s...
[2] http://www.startuptimelines.org/startup-timelines/zipcar/
http://www.theverge.com/2014/4/1/5553910/driven-how-zipcars-...
http://blogs.reuters.com/felix-salmon/2013/01/02/aviss-smart...
> As with many high-flying IPOs, however, Zipcar never fulfilled its promise, and its stock never again saw those heady first-day levels. By the end of 2012, its market capitalization had fallen to $330 million, while Avis Budget’s market cap was $2.1 billion — making an acquisition both easy and obvious. In the past eight months alone, Zipcar stock fell by 40% while Avis stock rose by 60%
[1] Except on the right panel as "company" but not in the actual results unless you click that link.