Agile VC

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Autonomous Vehicles: Can You Get There From Here? (Part 2)

Agile VC

Self-Driving Vehicles: The Future Always Takes Longer to Arrive is the 1st post and covers the state of the vehicle autonomy (circa mid 2016) and how we’ve gotten here. . =. This is the 2nd post in a series about self-driving vehicles and it explores how autonomous cars could become a reality.

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Lyft S-1: Kicking Off the Decacorn Bonanza of 2019

Agile VC

Revenue per rider has more than doubled from 2016–2018 (from $15.88 Overall Lyft is driving their COGS down, from >80% of revenue in 2016 to roughly 57% of revenue in 2018. What struck me was that the average frequency of rides per rider hasn’t actually changed much in the last three years. Analysis of Lyft S-1.

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The Imperceptible, But Very Real Boom

Agile VC

But in my mind there’s little doubt we’re in a tech boom, and just as the last boom didn’t feel self-evident until ’98 or ’99 I suspect this one may not until 2015 or 2016. The US government last shut down in 1995 and 1996.

IPO 147
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Seduced By Growth, But Terminal Scale Still Matters

Agile VC

We’re off to a fresh start here at the beginning of 2016. We may find here in 2016 that #1 and #2 are more cyclical in nature. Looking back at 2015, the standout theme in the VC/startup ecosystem was unicorn hunting. Potential for instant global distribution (mobile app stores, Facebook, etc).

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Chewy S-1: Category Leadership + Conveyor Belt Into Consumers’ Homes

Agile VC

In 2016 they generated an operating cash profit of $7M, in a year where the company was still spending significantly on growth and grew revenue >100% YoY. in 2016, to 17.5% Could Chewy reduce its marketing or other expenditures and be profitable now? Gross margins have been steadily improving in recent years from 16.6%

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Denouement

Agile VC

2012-2016: The Era of Blitzscaling. But there is also opportunity in lean times. Uber is founded and AirBnB goes through YC in 2009. Seed investing, as a distinct and truly enduring segment of the VC ecosystem, emerges during this period.

IPO 100