> If you're trying to raise $500M, you don't have many choices.
Every other unicorn in the world suggests otherwise. This is the first large round by either GM or the Saudi prince. The Saudi prince isn't even a strategic investor, he's just a guy with a deep bank account. VCs and Private Equity Firms have been incredibly active in later stage rounds for Unicorns.
Late state rounds almost never have a single investor. That's true for Lyft this round. It's telling that they couldn't find any of the more traditional investors to invest (even for a part of the $250M they weren't able to sell).
No, all the unicorns get their funding from the same options I just outlined. The Saudi prince invests through his private equity sovereign wealth fund.
Also wrong on the single investor. Firstly, we don't know that GM was the only investor in the round. It is common not to name all the investors. For example, in Uber's recent private equity round, Baidu was the investor, and other investors, if any, were not announced.
Every other unicorn in the world suggests otherwise. This is the first large round by either GM or the Saudi prince. The Saudi prince isn't even a strategic investor, he's just a guy with a deep bank account. VCs and Private Equity Firms have been incredibly active in later stage rounds for Unicorns.
Late state rounds almost never have a single investor. That's true for Lyft this round. It's telling that they couldn't find any of the more traditional investors to invest (even for a part of the $250M they weren't able to sell).