“Uber, pre-IPO, had raised more money than Lyft’s current market cap. And now, because they raised 9B in an IPO, they’re close to total money ever raised to being 2x of Lyft’s current market cap. It’s an outlier in every way.”   Why Listen? Ben & David reflect on what they’ve learned from the APLUSS IPOs so far, what’s ahead for Uber and Lyft, and tackle some longstanding listener questions.   Be sure to follow the Acquired Podcast: Acquired.fm @AcquiredFM Let People Know You’re An LP on Twitter!   Links from the Show: Narrative Violations – Bedrock Capital   Show Bookmarks: [01:35] – Lyft Updates [04:20] – Uber Updates [07:03] – Regulatory and Anti-Trust Concerns with a Merger [14:30] – Q&A – Mutual Funds Owning Shares in Major IPOs (Alexander) [22:47] – Q&A – Uber and the future of self-driving (Peter) [35:02] – Q&A – Explaining DoorDash and their Valuation (Packy) [43:15] – Q&A – Buying Puts on Widely-held Tech Predictions (Jason [Tagfu]) [52:50] – Show Wrap-Up   People Worth Knowing: Aaron Easterly Bill Gurley Dara Khosrowshahi John Zimmer Logan Green Matt Cohler Tony Xu   Companies Mentioned in Episode: Bedrock Capital DARPA DogVacay DoorDash Emergence Capital Federal Trade Commission Fidelity Mutual Funds Glow GrubHub Intel Janus Mutual Funds Lyft Microsoft Pinterest Rover Seamless Sequoia Softbank Rowe Mutual Funds Tesla Trulia Uber Vanguard Index Funds Zillow Zip Car Zoom   Episode Specific Terms: Anti-Competitive Legislation Buy Up Keywords Cashflow ‘Google Halo’ Narrative Violations New Value Creation OEMs Passive Investing Path to Merger Path to Profitability Point of Integration in Value Chain Post IPO Growth Private to Public Market (Price Handoffs) Regulated Monopoly / Duopoly Regulatory Frameworks Retail Investors Second Market Supply and Demand Dynamics Total Capital Under Management Value Chain