Lyft: Risky Valuation and No Intellectual Property

Who doesn’t love the ease of using a mobile application to order a car ride rather than stand awkwardly on a street corner hailing a taxi? Once I downloaded Lyft and Uber, I said goodbye to the rejection of occupied taxis forever. The apps shave off valuable time with door-side pickup, and the overall cost is cheaper than taxis too. I live in San Francisco, however, where bias is high for Lyft and…