It's a shame, Uber won't work on this nearly as hard as the founders did. Like you said founders delude themselves that buyers will help make their vision a rea

It's a shame, Uber won't work on this nearly as hard as the founders did. Like you said founders delude themselves that buyers will help make their vision a reality. Even Facebook, seemingly the best, most hands off startup buyer, is now consuming WhatsApp and Instagram and moving out the original founders. But... From Uber's perspective, they have a lot of cash right now. They are worried about a self driving future where Waymo takes all the rides from them. Drivers are expensive (at least half the ride price), and electric assist bikes removes driver wages from the ride expense. And really what is Uber's big monopoly advantage? Just the 2 sided market, but it's local. With a 1000 drivers + advertising you could compete in a local market with them. Right now they are subsidizing a lot of their rides with the world's largest pool of capital, but eventually their capital will run down. If this is a good business they will get competition. The shared bike business is capital intensive (buying bikes, building infrastructure) but that capital actually buys you some monopoly moat power. It's a really tough business for a startup to be in, but a pretty good fit for a big company. Uber could also do some cool things like a long haul Uber carpool to a bunch of Jump bikes just outside of downtown. Ie. shuttle up 101 to SF, Jump bike to get you through traffic. For the Jump founder, they have been working on social bikes since 2010, the Uber deal probably includes a cash payout for some of their stock (often after a year). A reasonable guess is that the first 7 years of that were starvation times with a capital intensive business and low capital. At this point the founders might have 20 to 60 percent of the company, with half their stock paid for in cash they might get 10 to 30 million dollars in a year plus the same amount in Uber stock, which is pretty liquid. Plus whatever new grant in Uber stock they get for staying on (it would not be weird if this was another 5-10 million per executive over 5 years). And fundraising is just a massive pain. From the Jump CEO's perspective: Sell $10-40 million / founder, almost certain payout Never fundraise again Lose company (everyone pretends, but that's what happened) Still get to run company for a few years Slowly watch your good culture be consumed by Uber's bad culture. Compete Compete with - the 3 electric scooter startups that have launched in SF in last 2 weeks - Uber and Lyft - buses - Go bikes - self owned bikes and ebikes - driving personal cars 2-7 years of hard work before cash, but then more money Go before Board of Supervisors meetings to explain your plan for fishing bikes out of the bay Keep company and autonomy Make vision a reality The world loses a lot when great startups like this don't compete, but it's understandable that founders sell.