"It’s crazy that a startup bound by logistics is growing this fast." I think basically they launched in a city and were able to demonstrate the unit metrics on

"It’s crazy that a startup bound by logistics is growing this fast." I think basically they launched in a city and were able to demonstrate the unit metrics on some level - and os use the 'Uber theory' they can justify to investors multiplying that across 100's of cities as fast as they can. Taking on a lot of cash might make sense as market dominance might create a systematic advantage. Strong note: this sharing stuff is massive in China, in a way, it's something 'invented there' and investors are on to that. So just like the US built out some things that Chinese innovators were able to adapt/copy and scale quickly due to the already validated model ... this has a little bit of the inverse going for it. And surpluses are generally a lot higher in North America for everything. So if the unit economics work, then there's some rationality about the big raise. I do believe however it may not pan out due to major risks: > Unit economics over the long haul are not what they want > The recharging model doesn't really take hold > People outside of LA don't really 'get' the scooter thing and cities shut them down due to various regulations and risks > Not a powerful competitive advantage. Uber will exist I believe in one way or another in 10 years, it's just a matter of how profitable they will be, how big investors win/lose. Bird ... it's risky for sure, but risk is part of VC.