Santosh Rao of Manhattan Venture Partners on Uber and Lyft

The video features a discussion with Santosh, head of research at Manhattan Venture Partners, about the dynamics of private and public markets, focusing on Uber and Lyft. Santosh explains the strategic advantages of Lyft over Uber, particularly in the US market, and highlights the importance of early investment in private markets. He also discusses the challenges of public market validation and the potential of autonomous vehicles, emphasizing Lyft's partnership with Waymo. The video concludes with advice for investors considering IPOs.

What was the primary reason for choosing Lyft over Uber according to the speaker?

• Lyft had a better international presence.

• Uber had a stronger balance sheet.

• Lyft was a pure-play focused on the US market.

• Uber had a more diverse service offering.

What is a key factor in capturing growth in private markets?

• Focusing solely on public market investments.

• Investing in established companies.

• Getting in early during the funding rounds.

• Entering the market at a later stage.

How does the speaker view Lyft's valuation in comparison to its IPO pricing?

• Overvalued at IPO, now correctly valued.

• Correctly valued at IPO, now undervalued.

• Undervalued at IPO, now overvalued.

• Always overvalued.

What is Lyft's strategy for autonomous vehicles?

• Relying solely on third-party partnerships.

• Developing everything in-house.

• A hybrid approach with in-house and third-party efforts.

• Not focusing on autonomous vehicles.

What is a potential benefit of Lyft's partnership with Waymo?

• Increased international market share.

• Immediate profitability.

• Reduced competition in the market.

• Long-term strategic advantage in autonomous vehicles.