Can Lyft Pull an Avis and Survive as Number 2?
J Thoendell stashed this in Cars
“There’s a secular change going on, particularly with respect to urbanization,” Icahn told me, “and that creates tremendous potential for Lyft. There’s room for two, maybe three competitors in the area.” Icahn could be right: The economy may be changing fast enough, and the marketplace may be large enough, for a company that embraces Silicon Valley’s most utopian impulses to thrive against the most megalomaniacal of competitors.
But skepticism abounds. “If you really look at this thing, it’s not gonna be a two-horse race. Lyft doesn’t survive. And Travis is never gonna buy it,” Chris Sacca, a prominent Uber investor, told Bloomberg TV, referring to Travis Kalanick, Uber’s co-founder. “This is a winner-take-all game. And Travis will take all.”
Some Lyft investors are careful not to describe their company as second to anyone. “We would never invest if we thought the company was destined to be No. 2 in the space,” says Andreessen Horowitz’s Scott Weiss, who sits on Lyft’s board.
I don't think of them as competitive.
Uber is for people with expense accounts. They're price insensitive.
Left is for everyone else. For them price matters.