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User:BC1278/sandbox/John Zimmer

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For the American ornithologist, see John Todd Zimmer.
John Zimmer
Born (1984-03-14) March 14, 1984 (age 40)
Occupation(s)Co-founder and President of Lyft formerly co-founder and COO of Zimride
Websitewww.lyft.com www.zimride.com

John Zimmer is the co-founder and president of the ride-sharing service Lyft Inc., which he founded with Logan Green in 2012, as a service of their company Zimride.[1] Lyft operates in more than 300 cities,[2] and provides 18.7 million shared rides a month.[3] The company has raised $2 billion in funding and employees about 1000 people, as of late 2016.[4]

Early life

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Zimmer grew up in Greenwich, Connecticut.[5] In 2006, Zimmer graduated first in his class at Cornell University School of Hotel Administration and was a member of the Quill and Dagger society, as well as a member of Sigma Pi Fraternity.[6] After graduation, Zimmer worked as an analyst in real estate finance at Lehman Brothers in New York City. While at Lehman Brothers, Zimmer spent most of his time creating real estate models in Microsoft Excel.[7]

Zimride

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Idea

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While at Cornell, Zimmer was inspired to develop a rideshare program by filling the empty seats he had during his rides home over school breaks: “I was driving from Upstate New York to New York City and all around me were these empty seats.”[8] As a student at Cornell, Zimmer took a City and Regional Planning Class, called Green Cities.[9] The class discussed the principles of simple design changes to large infrastructure, which would later influence the development of Zimride.[9] "If you look back at other forms of transportation … there’s always that idea of networks and the idea of routes. We feel that this is the natural way to move toward a ubiquitous form of transportation," Zimmer said. [10] Noting that 80% of the seats on American highways are empty, Zimmer said that ridesharing, "is a huge opportunity to create efficiency to save a lot of money and to reduce our environmental footprint."[11]

Zimmer and Green were introduced through a mutual friend on Facebook.[12] Green had posted details about his new company called “Zimride,” which interested Zimmer, who had been keeping a journal about carpooling ideas.[13]

Co-founding of Zimride

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Within a week of being introduced, Green flew out to New York City to meet with Zimmer.[13] Zimride launched the first version of its rideshare program at Cornell University where, after six months, the service had signed up 20% of the student body.[14][15] Later in 2007, Zimride was active on both the Cornell and UCSB campuses.[11] Green and Zimmer promoted the service through guerilla marketing campaigns; in particular, the pair would dress in frog suits and hand out flyers to students on the Cornell campus.[13] While on a Lehman Brothers recruiting trip, Zimmer was recognized by a potential recruit, who asked "I swear I recognize you—were you in a frog suit on Saturday on campus?"[13]

Growth

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Zimmer quit his job at Lehman Brothers to work with Green full-time on Zimride.[14] When asked why he quit, Zimmer said, "The feelings I had about what I wanted to do and what was important to me didn’t match up with the culture in Wall Street. There was a focus on money, there was a focus on what people were wearing, and things that didn’t seem to lead to productivity."[13]

Green and Zimmer focused the service on carpooling between connected users and making carpooling fun and interesting.[16] The service was then active at over 125 universities including USC, University of Minnesota, UCLA, UCSF, University of San Francisco, Cornell, Harvard, and the University of Michigan.[12][13][17][18]

In July 2013, Lyft sold Zimride to Enterprise Holdings, the parent company of Enterprise Rent-A-Car.[19]

Lyft

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Idea

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Zimmer was inspired to focus on transportation when he took a City and Regional Planning Class at Cornell, called “Green Cities.” The class discussed the principles of simple design changes to large infrastructure, and later influenced the development of Zimride and Lyft.[20]

Zimmer wanted to develop a rideshare program by filling the empty seats he had during his rides home over school breaks: “I was driving from Upstate New York to New York City and all around me were these empty seats.” Noting that 80% of the seats on American highways are empty, Zimmer said that ridesharing "is a huge opportunity to create efficiency to save a lot of money and to reduce our environmental footprint."[21]

Founding

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Lyft was launched in the summer of 2012 as a service of Zimride.[22] The change from Zimride to Lyft was the result of a hackathon that sought a means of daily engagement with its users, instead of once or twice a year.[1] In May 2013, Zimmer and Green officially changed the name of the company from Zimride to Lyft.[23]

Growth

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Zimmer helped create Lyft’s playful elements like the pink mustache on cars, the “glowstache” in 2015, [24] and AMP to create a personal digital experience for passengers.[25] The pink mustache was retired by Zimmer in 2016.[24]

In August 2014, Zimmer and Green introduced Lyft Line, a ridesharing product that uses its existing driver network to transport passengers going the same direction at the same time. To incentivize riding together, Lyft Line offered passengers discounted costs.[14]

Zimmer intends to move Lyft toward self-driving cars and said in September of 2016 that he expected car services to be using the technology within three years.[26] Lyft began testing autonomous cars in San Francisco and Phoenix, in partnership with General Motors, late in 2016.[27] He said he expects a majority of Lyft cars would be self-driving within five years.[27]

Funding

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In June 2013, Lyft completed a $60 million Series C venture financing round led by Andreessen Horowitz, bringing its total amount raised to $83 million. In April 2014, Lyft completed a $250 million Series D financing round led by Coatue, Alibaba, and Andreesen Horowitz, bringing its total amount raised to $332.5 million.[28] In January 2016, Lyft announced that they had closed a one billion dollar Series F financing round led by GM, which contributed $500 million of the total, bringing its total amount raised to date to $2.01 billion.[29]

Awards and Honors

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In 2009, Zimmer and Logan Green were named finalists in Business Week’s list of America’s Best Young Entrepreneurs.[30] In 2014, Zimmer was named in Forbes’ “30 Under 30: Technology” list,[31] and both he and Green were named in Inc. Magazine’s “35 Under 35” list.[32] In 2015, Zimmer was named to Fortune’s “40 Under 40” list.[33]

Zimmer has spoken at events including WSJ Live,[34] TechCrunch Disrupt,[35] and the Los Angeles Auto Show.[36]

References

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  1. ^ a b "How Lyft Learned to Stop Worrying and Embrace the Pivot". Inc.com. 2016-08-12. Retrieved 2017-02-08.
  2. ^ "Lyft Is Now Operating in 54 New U.S. Cities". Fortune. Retrieved 2017-03-03.
  3. ^ Bensinger, Greg (2017-01-05). "Lyft's Ridership Reaches 52.6 Million in Fourth Quarter". Wall Street Journal. ISSN 0099-9660. Retrieved 2017-03-03.
  4. ^ Cite error: The named reference :0 was invoked but never defined (see the help page).
  5. ^ Bowles, Nellie (2014-10-07). "Behind the Pink Mustache: Inside Lyft HQ". Recode. Retrieved 2017-02-08.
  6. ^ http://www.enivation.com/SigmaPi/archive/Emerald/2015/SP_EMERALD_SUMMER_2015.pdf, Pg. 6
  7. ^ "John Zimmer - Lyft (Co-Founder & President) - DraperTV". www.drapertv.com. Retrieved 2017-02-08.
  8. ^ Shaughnessy, Haydn. How to Win Friends AND Cut your Travel Costs. Forbes. November 18, 2011.
  9. ^ a b Bogusky, Alex. Digital Hitchhiking with Zimride. Fearless. February 28, 2011.
  10. ^ Kessler, Sarah. Zimride Brings Carpooling to the Masses. Mashable. August 17, 2011.
  11. ^ a b Booking a ride in someone else’s car. Smart Planet. April 9, 2012.
  12. ^ a b Cohen, Deborah. Former Lehman’s banker drives startup Zimride. Reuters. September 15, 2010.
  13. ^ a b c d e f Shah, Semil. Why Zimride’s John Zimmer Left Wall Street to Start a Company. TechCrunch. April 19, 2012.
  14. ^ a b c Sullivan, Colin. Startup Bets that Social Networking Will Spur Carpool Craze. New York Times. July 29, 2009.
  15. ^ Schomer, Stephanie. Zimride: Carpooling for College Students. Fast Company. January 5, 2011.
  16. ^ Kwan, Connie. Zimride’s John Zimmer. Triple Pundit. November 1, 2010.
  17. ^ Tsotsis, Alexia. Carpool Community Zimride Lands $1.2 Million In Seed Funding. TechCrunch. August 23, 2010.
  18. ^ Hargarten, Jeff. UMN Morris acquires ride-sharing network. Minnesota Daily. October 7, 2011.
  19. ^ "Lyft Sells Zimride Carpool Service to Rental-Car Giant Enterprise". AllThingsD. Retrieved 2017-02-08.
  20. ^ "Freakonomics Features Lyft, Inspired by Green Cities Class | UTSOA [UT-Austin School of Architecture]". soa.utexas.edu. Retrieved 2017-02-08.
  21. ^ "Booking a ride in someone else's car | ZDNet". ZDNet. Retrieved 2017-02-08.
  22. ^ "Lyft team gets $60M more; now it must prove ride-sharing can go global". VentureBeat. Retrieved 2017-02-08.
  23. ^ Lawler, Ryan. "Lyft-Off: Zimride's Long Road To Overnight Success". TechCrunch. Retrieved 2017-02-08.
  24. ^ a b VanHemert, Kyle. "Lyft Is Finally Ditching the Furry Pink Mustache". WIRED. Retrieved 2017-02-08.
  25. ^ "Lyft ditches its hot-pink mustache for a gadget that personalizes your ride". USA TODAY. Retrieved 2017-02-08.
  26. ^ "Do nice guys come second?". 1843. 2016-08-02. Retrieved 2017-02-08.
  27. ^ a b "Exec: Most Lyft Rides Will Be in Autonomous Cars in 5 Years". Bloomberg.com. 2016-09-18. Retrieved 2017-02-08.
  28. ^ Lawler, Ryan. "Lyft Raises $250 Million From Coatue, Alibaba, And Third Point To Expand Internationally". TechCrunch. Retrieved 2017-02-08.
  29. ^ "GM invests $500 million in Lyft, sets out self-driving car partnership". Reuters. 2017-01-05. Retrieved 2017-02-08.
  30. ^ 2009 Finalists: America’s Best Young Entrepreneurs Business Week.
  31. ^ "30 Under 30 - Technology - Forbes". Forbes. Retrieved 2017-02-08.
  32. ^ "Can Pink Mustaches Be a 100-Year Company?". Inc.com. 2017-06-24. Retrieved 2017-02-08.
  33. ^ "Logan Green and John Zimmer". Fortune. 2015-09-24. Retrieved 2017-02-08.
  34. ^ "Lyft's Road to Profitability". Wall Street Journal. 2016-10-31. ISSN 0099-9660. Retrieved 2017-02-08.
  35. ^ Lawler, Ryan. "Lyft Co-Founders Logan Green And John Zimmer To Join Us At Disrupt SF". TechCrunch. Retrieved 2017-02-08.
  36. ^ "Lyft Co-Founder John Zimmer to Keynote LA Auto Show's CCE". Los Angeles Auto Show. Retrieved 2017-02-08.
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Category:1983 births Category:Living people Category:American company founders Category:Cornell University School of Hotel Administration alumni Category:American chief operating officers

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