If I recall, the original iteration of Hailo was indeed founded by London cab drivers. But needed VC funding in order to compete when Uber and the like came to

If I recall, the original iteration of Hailo was indeed founded by London cab drivers. But needed VC funding in order to compete when Uber and the like came to town, which ultimately ruined them. That's a problem you see again and again, I think. No matter what your intentions, it's incredibly difficult to compete when a company with huge pockets comes to town and subsidises rides.