Lyft reported its first earnings as a public company with over a $1 billion loss but early Lyft investor Santosh Rao says the company is moving in the right direction. He says that North America is the place to be for rideshare companies and having both Uber and Lyft in the market will sustain a healthy duopoly. Santosh Rao is partner and head of research at Manhattan Venture Partners. He joins Yahoo Finance's Seana Smith.