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> VC subsidized fares Although the conveniences granted by rideshare apps are a big deal, I think this is a huge component. At this point, in a busy(er) city,
by verall 9y ago
> VC subsidized fares
Although the conveniences granted by rideshare apps are a big deal, I think this is a huge component. At this point, in a busy(er) city, ridesharing is still very competitive, and prices are subsidized-low.
Living in Austin, right before the city vote to require fingerprinting drivers, which Uber was heavily lobbying against, I could get an uberpool basically anywhere within the city for between $1 and $3.
I'm just hoping that once companies start to raise prices more VCs come swooping in, kind of like still happens with growing websites. As a consumer, the cost of switching is very low.