Advice Line with John Zimmer of Lyft

What It Covers

John Zimmer discusses transitioning from Lyft cofounder to new ventures, advising entrepreneurs on inventory financing, work-life balance, and scaling purpose-driven businesses.

Key Questions Answered

• •Inventory financing: Use Shopify debt, seek specialized inventory lenders, or offer customer preorders with 5% discounts to fund working capital needs.
• •Mental health fundamentals: Prioritize sleep, diet, and exercise first thing daily - make workout completion a prerequisite before starting work to serve others better.
• •Product market testing: Run Google AdWords experiments across different customer segments to understand cost per acquisition before expanding into new markets or demographics.
• •Employee ownership early: Implement profit sharing and equity plans when revenue reaches $400K, not later - New Belgium and Bob's Red Mill started employee ownership early.