Lyft CEO Wants to Compete With Uber on Fares

The new Lyft CEO David Risher talks about competing on price with Uber, possible plans to expand to Europe, moving beyond ride sharing, and he says the company is not for sale. He’s on “Bloomberg Technology.” ——– Like this video? Subscribe to Bloomberg Technology on YouTube: Watch the latest full episodes of “Bloomberg Technology” with…

Published

3 years ago

March 28, 2023

CYBER TECH TV

The new Lyft CEO David Risher talks about competing on price with Uber, possible plans to expand to Europe, moving beyond ride sharing, and he says the company is not for sale. He’s on “Bloomberg Technology.”
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31 Comments

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March 28, 2023 at 4:45 pm

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Mephistopheles

March 28, 2023 at 4:48 pm

He wants to steal more and more off of drivers’ earnings. Lyft and Uber are two of the worst companies that exist today.

Reply
Hussien Alsafi

March 28, 2023 at 5:01 pm

????????????????????????????????????????????

Reply
Obafemi Adaraloye

March 28, 2023 at 5:30 pm

I like David Risher confident.

Reply
Angel sanchez

March 28, 2023 at 8:07 pm

The drivers made billions of dollars for Lyft not for them self.

Reply
- ZAHEER ABBAS
  
  March 28, 2023 at 8:58 pm
  
  Without Lyft drivers was more happy
  
  Reply
Ron Nader

March 28, 2023 at 8:15 pm

This guy and the CEO of Uber are the biggest douche bags as far as US CEOs go…, they both have that weasel smirk on their face that screams scumbag..

Reply
Ray Amaro

March 28, 2023 at 8:41 pm

Lyft is a great company to work for, until someone levels false accusations against you, then they deactivate you on the spot . Then it’s good luck on getting reactivated as they turn their back on you like they never knew you.

Reply
ZAHEER ABBAS

March 28, 2023 at 9:02 pm

Uber and Lyft same ownership are American government

Reply
Ryan Brown

March 28, 2023 at 9:09 pm

Well they don’t pay us shit so that’s not hard to do

Reply
leonard

March 28, 2023 at 9:59 pm

You guys say all the stuffs but forget that main reason why lyft is in bad shape. DRIVER PAY……..

Reply
leonard

March 28, 2023 at 10:23 pm

His approach is already wrong. They all refuse to see reason why drivers are quitting. Give drivers their 80% share . They will come back.

Reply
Samuel De La Espriella

March 28, 2023 at 11:15 pm

Taking LYFT this week for purpose driven together .. in one sentence.

Reply
MEO TIME

March 29, 2023 at 12:06 am

This host needs to know how to ask questions… Very impatient

Reply
Damian

March 29, 2023 at 12:19 am

Felt like a pretty aggressive job interview

Reply
Eric Miller

March 29, 2023 at 1:02 am

Since he is taking over maybe get some real feedback from the driver since they make the money and do the work. Lyft is nothing more than a huge pyramid scheme it’s great if ur on the top but as a driver u get screwed while the guys on top make money to literally do nothing. They need to treat there drivers better and pay them better and then myself and others will stop goin to Uber.

Reply
Barbara Ford

March 29, 2023 at 1:20 am

I drive for lyft and we aren’t paid fairly at all

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Lena

March 29, 2023 at 10:40 am

Do not be deceived my fellow drivers. There are going to be a lot of deactivation coming with this guy at the helm. And still the money will get even less they will take even more please stay focused

Reply
franktib

March 29, 2023 at 12:57 pm

I dont understand the purpose of this interview. He didn’t answer one question. Why even do the interview?

Reply
현지호

March 29, 2023 at 1:31 pm

Before anything can you settle my lawsuit first? Ya all been dragging this shit for way too long. Just give it up and pack your stuff n go home we all know lyft is a sinking, worthless unethical cash eating piece of crap thaf no one even cares. You ain’t strong #2. You are last and worst and below avg is most kind words I have for lyft.

Reply
Hart By Designs

March 29, 2023 at 2:45 pm

^Hope the Drivers get paid more. And have Better Customer Service… Consider the input of drivers. ATL ????????

Reply
Maria Nilda Maia

March 29, 2023 at 3:01 pm

What about pay the drivers right?????

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Maria Nilda Maia

March 29, 2023 at 3:08 pm

Stop use the drivers like your slaves,pay them like the are dignify works ,Lyft pay drivers just for small amounts ,and the drivers put all the work,provid car,gasoline,tearing the cars ,maintenance,tires,miles,laboratories etc…..who really is the winning?of course Lyft…..

Reply
Abuye Abbas

March 29, 2023 at 6:38 pm

uber and lyft thet gone dowen they 45 % their driver

Reply
Abuye Abbas

March 29, 2023 at 6:41 pm

everyday the new driver becouse they driver find out the owen gas ,inc,mi mtenance thry find they leave the job

Reply
Gurpreet Singh

March 29, 2023 at 6:58 pm

New cheater in offices that’s all

Reply

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In this episode of Build Mode () , host Isabelle Johannesen sits down with Manan Mehta, co-founder and managing partner of Unshackled Ventures, () to talk about why he believes immigrant founders represent one of venture capital’s biggest overlooked opportunities. Manan breaks down how Unshackled built an investment model designed to help founders navigate immigration barriers, why traditional VC pattern matching causes investors to miss potential outliers, and how his team evaluates founders at day zero—often before they have a product, customers, or traction. He also explains why the structural gaps that make some founders harder to fund may be exactly where investors should be looking for outsized returns.

They get into:

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The four structural barriers immigrant founders face when starting companies in the U.S.

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Why VC’s reliance on pattern matching can cause investors to miss outlier founders

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How Manan evaluates founders before they have a product, customers, or traction

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The IQ, AQ, EQ, and SQ framework Unshackled uses to evaluate founder potential

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Why resilience, lived experience, and a founder’s relationship to the problem can matter more than a polished pitch

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Why structural gaps can create some of the biggest opportunities for investors

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How founders without traditional networks can find alternative paths to early capital

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Why founders should understand their personal “why” instead of trying to fit the traditional VC mold

Subscribe to Build Mode on Apple Podcasts () , Spotify () , or wherever you like to listen () . And watch the full videos on YouTube () . New episodes of Build Mode () drop every Thursday.

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00:00 – Why VCs Miss Outlier Founders

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04:15 – The Problem With VC Pattern Matching

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08:18 – How Unshackled Helps Founders Navigate Visas

10:40 – Building a Startup in Today’s Immigration Environment

12:19 – Solving One of Unshackled’s Hardest Immigration Cases

14:39 – What the U.S. Stands to Lose16:59 – Raising Unshackled’s First Venture Funds

19:40 – Can You Start a Company on an H-1B Visa?

22:13 – How to Evaluate a Founder at Day Zero

28:30 – Measuring IQ, AQ, EQ, and SQ

30:26 – How Fear Drives VC Pattern Matching

33:01 – Why Structural Gaps Create Outlier Opportunities

35:14 – Finding Startup Capital Outside Traditional VC

38:09 – Why Founders Need to Understand Their “Why”

Hosted by Isabelle Johannesen. Produced and edited by Maggie Nye. Audience development led by Morgan Little. Special thanks to the Foundry and Cheddar video teams.