Will Lyft be the next mega internet-based success story? $250 million raised from well-known investors, with previous valuations at $700 million The ride-sharing company said on Wednesday it had raised $250 million from a group that includes Alibaba Group, a Chinese e-commerce firm, but perhaps most notably the firm garnered an investment from Dan Loeb’s Third Point. Loeb’s Third Point seldom invests in early stage, venture investments, preferring an activist approach with established firms already trading on public stock exchanges. Loeb was, however, one of the largest early stage investor in Yahoo! Lyft is a major player in ride-sharing, competing…
Lyft Receives Rare VC Investment From Loeb's Third Point
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.
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