EquityZen Knowledge Center

EquityZen has curated this list of quality resources for secondary investors, shareholders and company representatives.
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2019 IPO Outlook — A Bellwether Year for the New Tech Elite?

Lyft2019 IPOAirbnbIPOsNew IPOs
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Adam Augusiak-Boro   November 15, 2018

As the bull market charged into its ninth year in 2018, with the FAANG tech giants (Facebook, Apple, Amazon, Netflix and Alphabet’s Google) leading U.S. equities markets to record highs, many of us thought we would have seen stronger IPO activity. However, with under two months left of 2018 and despite favorable market conditions, this year’s U.S. IPO count is still nearly 100 IPOs lower than 2014’s total of 275 priced IPOs. At EquityZen, we continue to believe that IPO volume will remain subdued compared to prior bull markets given the secular trends we see in the U.S. capital markets.


Our team at EquityZen took a closer look at the companies we believe are primed to go public in 2019. To read our full 2019 IPO Outlook, please click here.
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Lyft: The Path to $2.5 Billion Unicorn

LyftPath to IPOVenture Capital

Phil Haslett   March 19, 2015

On the heels of Lyft's recent $530 million financing from Rakuten, we've put together the history of Lyft's fundraising and valuation.

Uber's fast-growing competitor is now valued at $2.5 billion, which still puts it in the shadow of Uber (currently valued north of $40 billion), but perhaps offers its investors a nice value proposition? Nonetheless, a half-billion dollar war chest should help Lyft expand into other markets domestically and internationally.



A few hot topics:

What on earth is Lyft going to do with $530 million?

Lyft hints at three main initiatives on its blog:

  • Expanding its U.S. footprint, from the current 65 markets they're already in
  • Emphasizing the peer-to-peer car-sharing experience, in a casual way that compares it more to Europe's BlaBlaCar than Uber
  • Improving Lyft Line, the company's low-cost offering that algorithmically matches up multiple riders
This is embarrassing, but.....who is Rakuten?

Oh, just this little e-commerce company in Japan with 12,000 employees and over $5 billion in annual sales. Rakuten has been on a spending spree of late, acquiring online coupon site Ebates for $1 billion in 2014, amongst other U.S. and international investments. It would be easy to conclude that this investment suggests Lyft will start offering its services internationally; however, the 2014 round was led by Alibaba, and we've yet to see "lyftoff" in China. Stay tuned.

Are the employees and founders going to make money?

Time will tell, but the Common Stock shareholders (primarily founders, employees, advisors, and contractors) still own over 30% of the company. 

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