How I Built Resilience: John Zimmer of Lyft

How I Built This · 26 Sept 2020 · 24m

What this episode covers

Lyft co-founder John Zimmer discusses how the company navigated the pandemic's 75% drop in rideshare demand by preserving cash, raising debt, and executing layoffs. He details Lyft's diversification into micromobility (bikes and scooters) and car rentals, as well as the strategic push for Prop 22 to maintain driver flexibility while providing scaled benefits. Zimmer also reflects on the company's origins during the 2008 financial crisis, the future of autonomous vehicles, and his personal methods for managing founder stress.

Mentioned

Companies
Lyft, Waymo, U.S. Bank
Products
Lift Pink, City Bike, Bay Wheels, Divvy
Also
Prop 22

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