LIFT Early investors get up to 100 times return
Mar 29, 2019| According to Silicon Valley technology media "The Information", the network car service provider Lyft will land on Nasdaq tomorrow night, and the company's early investors will receive a maximum of 10,000% return.
The report said that if Lyft completed the IPO (IPO) on Friday, it would bring great returns to the founders and investors of the 12-year-old company. This includes former eBay executive Sean Aggarwal.
Agarvo is Lyft's first external investor and the largest individual shareholder of Lyft. In 2007, Agarvo invested $30,000 in Lyft and currently holds $100 million in shares.
Lyft's biggest venture capital winner may be seed wheel investor Floodgate Ventures, which invested about $1 million in Lyft, and today's return is close to 10,000%.
This was followed by the Mayfield Fund, which invested nearly $15 million in the first four rounds of venture capital. The IPO shares held by the company may be worth about $600 million.


