The a16z co-founder joins the company’s six-person board just weeks after Lyft hit one million new passengers.
A16z co-founder Ben Horowitz has joined Lyft’s board of directors, the company announced in a blog post today.
The venture firm led a $60 million series C round in the ride-hail company in May 2013 at a time when Lyft performed 120,000 rides a month. According to the company, Lyft now performs 17 million monthly rides and saw one million new riders join the platform just in October.
Horowitz joins a six-person board that includes Lyft co-founders Logan Green and John Zimmer; General Motors President Dan Ammann; Icahn Capital’s Jonathan Christodoro; former Trulia CFO Sean Aggarwal; and Floodgate Fund’s Ann Miura-Ko.
Horowitz’s addition to the board comes just weeks after the company endured a bit of an executive shuffle. Lyft’s CMO Kira Wampler and Vice President of Communications Brandon McCormick announced their departure just as two new executives came on board. Raj Kapoor, who was previously at Mayfield Fund (which participated in Lyft’s series A round), was hired as the chief strategy officer, and Melissa Waters, formerly of Pandora, joined as the head of marketing.
Though internal documents show the company is growing, Lyft is under increased pressure to catch up with ride-hail behemoth Uber, which has logged 40 million monthly active users and is now valued at $68 million.