* The NTSB's most recent report (2016) reported that around 30 people die every day from drunk driving in the US (almost every 48 minutes) with 10,500 deaths and 290,000 DUI injuries annually. These statistics are expected to decline with Lyft’s influence.
** Lyft launched in 2012. It has reported over 1 billion rides, by 30 million riders, in 2 million vehicles. Lyft’s expected FY19 revenues is $3.5B.
Ironbound Action: San Francisco based Airbnb, founded in 2008, recently updated their work mission to include creating value across all stakeholders – “serving all stakeholders is the best way to build a highly valuable business and it’s the right thing to do for society”. The depth of value creation is at the core of attracting capital and propelling valuations. Serving society, employees, and customers is the most valuable business strategy.
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