[–] yazr 7y ago ↗ Louisville, Kentucky data indicates scooters last about 1 month.Average 3 rides per day, so scooter is idle 90% of time.Recharging is a massive 40% of ride cost. Credit card another 10%.So it is currently a huge, lasting money pit. But it can improve operating metrics, and become massively profitable.Enter VC with preferred share clauses..
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[ 23.4 ms ] story [ 369 ms ] threadAverage 3 rides per day, so scooter is idle 90% of time.
Recharging is a massive 40% of ride cost. Credit card another 10%.
So it is currently a huge, lasting money pit. But it can improve operating metrics, and become massively profitable.
Enter VC with preferred share clauses..