John Zimmer Biography, Net Worth, Age, Height, Weight, Girlfriend, Family, Fact, and More

The co-founder and current CEO of the on-demand transportation service Lyft is John Zimmer. He and Logan Green launched the business in 2012.

John Zimmer Biography And Net Worth

John Zimmer Early Life

In Greenwich, Connecticut, Zimmer was raised. As a member of the Sigma Pi Fraternity, Zimmer graduated from Cornell University’s School of Hotel Administration in 2006. Zimmer began working at Lehman Brothers in New York City as an analyst in real estate finance after graduating.

Three months ahead of Lehman Brothers’ bankruptcy filing, Zimmer quit the company. Zimmer and Logan Green established Zimride in 2007 when Zimmer was employed by Lehman Brothers. It served as a ridesharing service for university campuses.

John Zimmer Career

When Zimmer was a student at Cornell, the vacant seats on his trips home during breaks gave him the idea to start a ridesharing service. Zimmer studied at Cornell and took a course on the city and regional planning called Green Cities. The basics of straightforward design modifications for substantial infrastructure were covered in class. Later, it would have an impact on Zimride’s evolution.

Green traveled to New York City to meet with Zimmer just a week after their first meeting. At Cornell University, Zimride debuted its ridesharing service in its first form. Twenty percent of the student population had joined the service after six months. Both the Cornell and UCSB campuses saw activity from Zimride later in 2007. A potential recruit later spotted Zimmer while he was on a Lehman Brothers recruiting tour.

Green and Zimmer concentrated on making ridesharing enjoyable and entertaining for connected customers when developing the service. By April 2012, Lyft had funded $7.5 million and operated at more than 125 colleges.

• Lyft

Lyft raised a total of $83 million by the end of a $60 million Series C venture funding round headed by Andreessen Horowitz in June 2013. Lyft concluded a $250 million Series D fundraising round in April 2014. It raised a total of $332.5 million and was headed by Coatue, Alibaba, and Andreessen Horowitz. He announced a $1.5 billion Series H fundraising round, headed by Alphabet Inc., on December 5. 

He launched Lyft Line in August 2014, a ridesharing service that makes use of its current driver network to carry riders heading in the same direction at the same time. Lyft Line provides riders a discount to encourage group rides. This function echoes the original intent of Zimmer and Green’s creation of Zimride. In Toronto and 95% of the U.S. population as of 2017, Lyft is available.

John Zimmer’s Net Worth

In 2012, John Zimmer and Logan Green co-founded Lyft. The business really got its start in 2007 as Zimride, a ride-sharing service available at campuses around the nation. His net worth is $800 Million. Zimmer allegedly skipped the first three years of his partnership with Green’s pay period. Lyft will be valued at more than $13 billion in 2022.