- kind working team… genuine and authentic - incredibly smart and thoughtful people at all levels, on most teams - interesting opportunity space with tangible problems to solve and high potential for innovation - thoughtful focus on customers/users on most teams, with more and more company investment in how to do this effectively - recent investments in strategically aligning the organization and creating clarity in operations to support initiatives are beginning to help
Executives and senior leaders are terrible at investing in, growing and empowering the leaders under them, rather than holding them accountable and valuing their expertise and insights, they tend to bottleneck, micromanage and ignore the smart and thoughtful people they have hired. This has a three fold effect of eroding confidence in leadership overall, alienating working teams, and causing a culture of distrust, speculation and poor communication. Because everyone is “so nice”, and leadership is taking the tactic of micromanaging, a lot of things that could be worked through are left unsaid, and candor is absent at all levels. If Lyft can rightsize the above, by working with their leaders rather than around them; and investing in more leaders that are held accountable to contribute, drive, communicate and deliver …it will absolutely find itself on the right path.
Shares of Lyft lost more than a quarter of their value in after-hours trading Tuesday after the company provided light second-quarter guidance and warned investors it will have to keep spending on driver incentives. https://www.cnbc.com/2022/05/03/lyft-earnings-q1-2022.html
TC > 600k (not a Bloomberg) Net worth: 400k Age 34 (I started a bit late) I’d like to leverage my high (relatively high?) TC for investments such as a house (single fam/multi-fam), positive cash flow business, etc. Specifically, to get loans with little to no cash down, other incentives, etc. An
Hello, I was offered T5 role in Lyft. The recruiter said there is no target bonus as such and based on performance there would be incentive in the form of equity. Would really want to know from Lyft folks on what you get in the form of bonus other than base and annual grant. Offer details: Base 20...Read more
Interviewing for Lyft non-tech Director position, I was told that they are moving away from spreading the RSU grant from the typical 4-year model to a 1-yr model. Has anyone heard a similar narrative from a recent interaction with Lyft HR? What would be the incentive for people to stay if they paid...Read more
Ride costs are through the roof, can’t possibly compete with Uber at this point in SF. Clearly a massive liquidity problem ever since the pandemic ended - strange they haven’t corrected it with incentives yet. Is the company going under? #lyft #uber #productmanagement
Curious to hear peoples thoughts for a very relevant problem facing the gig economy. How should Uber and lyft manage or solve the rising ride prices? How can they incentivize drivers to return and in the meantime, keep prices low for price sensitive riders?
One (hopefully) great thing about their onsite interview (assuming I clear the phone interview) is that it wouldn't involve whiteboard coding. This is already enough incentive for me to apply there :) However, I do have to pass the phone interview. Any suggestions, insights (Lyft tagged LC? Difficu...Read more
How are the roles and responsibilities divided between the Product (CPO), Operations (COO), and Marketing (CMO) organizations at Uber and Lyft given that they are operation heavy businesses. As an example which function owns “driver engagement”; by say giving them targeted incentives, to increase t...Read more
https://www.levels.fyi/blog/lyft-vesting-schedule.html clearly if this is the new normal, it’s because it’s advantageous to the company. the 4 year schedule is no longer the incentive it used to be. and no, levels.fyi , a 1 year cliff *at the first year* are not handcuffs. you’ve invested no time,...Read more
Uber, Lyft prices are through the roof making these services unaffordable for the average user paying out of pocket (corporate employees who get reimbursed by their companies may continue using on business trips). One survey says price of an average ride using these apps is up 92% from Jan 2018. I ...Read more
Unqork (series C startup) : 187k, 7% annual bonus, 2000 unit (I guess it’s worth 44k) equity vesting over a period of 4 years. Fully remote(only thing that worries me is this is a complete new backend language that I would be working on. So not sure if I will be able to cope with the manager’s expec...Read more
Uber has been competing in the private markets and was facing heavy competition mainly because VCs were funding ride sharing startups so heavily. They’ve all died out leaving a duopoly between Uber and Lyft (in the US). They’re both public now and heavily incentivized to become profitable. The medi...Read more
The GPU market is buoyed by gaming, AI, and crypto. I am bearish on crypto. However, I am neutral/mildly bullish on gaming (VR/AR is the next wave of gaming), and I am extremely bullish on AI (computer vision, autonomous vehicles). Assuming level 5 vehicular autonomy is reached first by big/unicorn...Read more
Hey all, As everyone is looking for referrals this time of year, I thought I'd do my best to sweeten the pot by offering to share my journey of growing my marketing agency side hustle from conception to $10k/month in 8 months. I focus on online lead generation/copywriting and would be happy to disc...Read more
Below is the answer I submitted and was rejected for. I thought I would set a stake in the ground for future applicants to pivot around. Here is a Link to their case study: https://creatingvalue.substack.com/p/real-problems-we-tackle-pricing-level. If you don't want to click on the link the task is ...Read more
Grab’s $2 billion fundraising, announced on Monday and led by SoftBank, has changed the ride-hailing game in that region, giving the Singapore-based firm what may be an unassailable advantage. Uber may have to consider selling its assets to Grab. That is an enormous turnaround on the situation for ...Read more
This is a part of 3 part series post. Read them in order. part 1 https://us.teamblind.com/s/isDNuYPU part 2 https://us.teamblind.com/s/VXz1n07A part 3 https://us.teamblind.com/s/ij5tgwfF ____________ ## before onsite ## - Double check with the recruiter...Read more
[I didn't write this but found this old post in 'Tech Industry' group which not everyone has access to. Sharing this to more broad group to increase exposure. Original post: https://www.teamblind.com/post/SDE-guide-to-getting-the-best-offer---part-2-VXz1n07A ] ## before onsite ## - Double check wit...Read more