John Zimmer

John Zimmer is the co-founder and former president of Lyft, an on-demand transportation company,[1] which he founded with Logan Green in 2012.[2]

In March 2023, Zimmer announced that in June he would step down as Lyft president and become vice-chair of the board of directors.[3]

Early life and education

Zimmer grew up in Greenwich, Connecticut.[4] In 2006, Zimmer graduated from Cornell University School of Hotel Administration where he was a member of Sigma Pi fraternity, Mu chapter.[5] After graduation, Zimmer worked as an analyst in real estate finance at Lehman Brothers in New York City.

Zimmer left Lehman Brothers three months before it declared bankruptcy.[6] In 2007, while Zimmer was working at Lehman Brothers, he and Logan Green founded Zimride, a ridesharing platform across college campuses.[7]

Zimride

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.[8] Logan Green had also been thinking along those lines and had started "Zimride".[9][10] 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.[11][12] Later in 2007, Zimride was active on both the Cornell and UCSB campuses.[13]

Zimmer quit his job at Lehman Brothers to work with Green full-time on Zimride.[11] Green and Zimmer focused the service on carpooling between connected users and making carpooling fun and interesting.[14] By April 2012, the company was renamed Lyft and had raised $7.5 million in funding and was active at over 125 universities.[9][10][15]

Lyft

After leaving his job at Lehman Brothers, Zimmer moved to Silicon Valley with Green to work on Zimride full-time.[16] Lyft was launched in the summer of 2012 as a service of Zimride,[17][18] before Zimmer and Green officially changed the name of the company from Zimride to Lyft. Zimmer did not take a salary during the first three years of Lyft's operation, and he and Green worked on the company out of an apartment they shared.[16]

Personal life

Zimmer is married. He met his wife while studying abroad in Seville, Spain;[19] they have a daughter.[20]

References

  1. LA Looks to Rideshare to Build the Future of Public Transit WIRED, retrieved 2018-01-06^
  2. Lawler, Ryan. Lyft-Off: Zimride's Long Road To Overnight Success. TechCrunch. August 29, 2014.^
  3. Lyft's Co-Founders to Step Down as Company Struggles^
  4. Adam Bryant. Lyft's John Zimmer on Empowering Others to Help Them Grow The New York Times, 2017-07-21, retrieved 2017-08-29^
  5. Need a Lyft The Emerald of Sigma Pi, Summer 2015^
  6. Alyson Shontell, Shana Lebowitz. Lyft's cofounders met on Facebook and lived on opposite coasts – here's how they launched a $7.5 billion startup long-distance Business Insider, 18 October 2017, retrieved 21 November 2017^
  7. Zimride offers college students cheap, safe rides home The Washington Post, 2011-12-31^
  8. Shaughnessy, Haydn. How to Win Friends AND Cut your Travel Costs. Forbes. November 18, 2011.^
  9. Cohen, Deborah. Former Lehman's banker drives startup Zimride. Reuters. September 15, 2010.^
  10. Shah, Semil. Why Zimride's John Zimmer Left Wall Street to Start a Company. TechCrunch. April 19, 2012.^
  11. Sullivan, Colin. Startup Bets that Social Networking Will Spur Carpool Craze. New York Times. July 29, 2009.^
  12. Schomer, Stephanie. Zimride: Carpooling for College Students. Fast Company. January 5, 2011.^
  13. Booking a ride in someone else's car. Smart Planet. April 9, 2012.^
  14. Kwan, Connie. Zimride's John Zimmer. Triple Pundit. November 1, 2010.^
  15. Takahashi, Dean. Zimride raises $6M for ride-sharing car service. VentureBeat. September 21, 2011.^
  16. Lyft is now worth $11 billion – its founder reveals how he went from taking no salary for 3 years to running a giant startup Business Insider, retrieved 2017-11-09^
  17. How Lyft Learned to Stop Worrying and Embrace the Pivot Inc.com, retrieved 2014-10-08^
  18. Lyft team gets $60M more; now it must prove ride-sharing can go global venturebeat.com, 23 May 2013, retrieved 2018-01-06^
  19. 15 questions with John Zimmer CNNMoney, retrieved 2019-03-31^
  20. A New Year's Eve Ride With Lyft Co-Founder John Zimmer BuzzFeed News, retrieved 2019-03-31^