John Zimmer Explained

John Zimmer
Birth Date:14 March 1984
Alma Mater:Cornell University School of Hotel Administration
Occupation:Co-founder and President of Lyft
Nationality:American
Citizenship:United States
Partner:Cristina García Rivas
Children:1

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

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.[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.

Personal life

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

External links

Notes and References

  1. News: LA Looks to Rideshare to Build the Future of Public Transit. WIRED. 2018-01-06. en-US.
  2. Lawler, Ryan. Lyft-Off: Zimride's Long Road To Overnight Success. TechCrunch. August 29, 2014.
  3. https://www.nytimes.com/2023/03/27/technology/lyft-founders-resign.html Lyft's Co-Founders to Step Down as Company Struggles
  4. News: Lyft's John Zimmer on Empowering Others to Help Them Grow. Bryant. Adam. 2017-07-21. The New York Times. 2017-08-29. en-US. 0362-4331.
  5. Summer 2015. 99. 2. The Emerald of Sigma Pi. Need a Lyft. 6.
  6. News: Lyft's cofounders met on Facebook and lived on opposite coasts – here's how they launched a $7.5 billion startup long-distance. Shontell. Alyson. Lebowitz. Shana. 18 October 2017. Business Insider. 21 November 2017.
  7. Web site: Zimride offers college students cheap, safe rides home . 2011-12-31 . . https://web.archive.org/web/20190329195052/https://www.washingtonpost.com/local/zimride-offers-college-students-cheap-safe-rides-home/2011/12/13/gIQAE2vHRP_story.html . 2019-03-29 . live .
  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. https://www.zdnet.com/article/booking-a-ride-in-someone-elses-car/ Booking a ride in someone else's car
  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. News: 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. 2017-11-09. en.
  17. Web site: How Lyft Learned to Stop Worrying and Embrace the Pivot. Inc.com. 2014-10-08. 2017-10-13. https://web.archive.org/web/20171013124629/http://preview.inc.com/how-i-did-it/how-lyft-learned-to-stop-worrying-and-embrace-the-pivot.html. dead.
  18. Web site: Lyft team gets $60M more; now it must prove ride-sharing can go global . venturebeat.com. 23 May 2013 . en-US. 2018-01-06.
  19. Web site: 15 questions with John Zimmer. CNNMoney. 2019-03-31.
  20. Web site: A New Year's Eve Ride With Lyft Co-Founder John Zimmer. BuzzFeed News. en. 2019-03-31.