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logan-green-lyft

Logan Green

CEO
Quit Job to Start
Doesn't Code
Founded:
Lyft
Year of founding:
2006
Current age:
36
Net worth:
$760mn

1. Background

Education: Bachelor of Arts (Business Economics, Accounting)

College: UC Santa Barbara

Previous Career:โ€

- Logan Green started Zimride (later Lyft) while still in college

- Green was the youngest director appointed to the board of the Metropilotan Transit District of Santa Barbara

2. Origin Story

The Spark

Logan Green's obsession for improving transportation started early, while he was still in college and had to use public transport to visit his girlfriend. Whenever a bus broke down halfway, Logan was stuck there for hours - "It's moments of pain like that that really made me think, 'How can we do this better?'" he says. It was in a trip to Zimbabwe where Logan Green first got the idea of creating a ride-sharing company - deriving inspiration from the locals using crowd-sourced carpool networks to get around.

โ€

The Build

Logan Green started a company called โ€œZimrideโ€ to offer long-distance ride-sharing between college campuses. Through a Facebook post advertising Zimride, Green was found by another carpool enthusiast, John Zimmer. Zimmer was an analyst at Lehman Brothers and a Cornell grad, who had arranged trips between Cornell University and New York City during his college years. He reached out to Logan Green through a mutual friend, and Green flew to New York for a F2F meeting. They decided to start working together, and because Logan Green was still in college, John Zimmer was the one who funded Zimride initially. Zimmer quit his job soon after, and the pair moved to San Francisco to work on Zimride full-time. It was smooth sailing for a while after a $250K investment by Facebook, but they soon felt limited by Zimride's role of providing only long-haul rides.

โ€

The Pivot

"The bigger vision, which we've always had, was providing a full alternative to car ownership", Zimmer says. They sold Zimride and pivoted to Lyft to cater to the fast-growing on-demand, ride-sharing business. Unlike Uber, which was providing rides only in black cars and limos at the time - Green and Zimmer decided to make Lyft seem more friendly - their iconic 'pink mustaches' on Lyft cars are testament to that.

3. Other interesting points

- The co-founders' chemistry has been a boon to Lyft. "I've been on a lot of boards," said Valerie Jarrett, the former advisor to President Obama who joined Lyft's board in 2017. "This is the first one where I've seen the CEO work quite so closely in such a deep partnership like the one Logan has forged with John."

4. Quote

"When I went to the University of California, Santa Barbara, in 2002, I decided I wanted to leave my car at home and create an experiment with my own life. I'd only be able to find creative solutions to transportation if I felt the pain of trying to get to downtown at 10 o'clock at night." - Logan Green

5. Company growth &ย sources (links)

Personal Story

โ€

How did they grow the company?

โ€

Sources

Other Flexiple Blogs

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