Not only has Autotech Ventures backed Lyft, it gave founder John Zimmer a literal roof over his head when he moved to San Francisco.
But beyond the Wall Street hubbub, hundreds if not thousands of smaller startups are trying to tackle many of the same problems. After all, so much of a commute is connected. The car that drove you to work either has to park or go give more rides.
Not only are technological innovations like data-connectivity, sensors, and artificial intelligence set to make commutes"smarter" and potentially faster, the entire way people think about cars has begun to change. Then there's Uber and Lyft's massive IPOs this year. Each company cited a wane in personal vehicle ownership in their offering prospectuses, helping boost the massive addressable markets each company touted to investors.Choosing Lyft over Uber
Zimmer even lived with one of Autotech's other LP's when he moved to San Francisco from the East Coast, so the personal connection cannot be overstated. Vehicle ownership, is also sure to be sticky in parts of the country where it's virtually impossible to live without a personal vehicle. For many businesses, too, they're a necessity of the trade.
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