2 ms·
> Experimentation is the norm at start-ups, especially young ones. But moves that prioritize balance sheets over growth are more common in firms short on cash o
by pergadad 7y ago
> Experimentation is the norm at start-ups, especially young ones. But moves that prioritize balance sheets over growth are more common in firms short on cash or those looking for an exit, either through acquisition or an initial public offering.
This really seems to be a uniquely American (and maybe Chinese?) approach. In Europe you simply don't get the VC, but also the expectations are different - if you're not clear on your plan to become profitable you won't get far.
As of now the scooter companies, like previously some ride sharing companies, seem to be very unsustainable. Where I live at least 3 of them compete, and it's become a real nuisance that scooters are badly parked or lying on the floor and block sidewalks, making it difficult especially for the elderly, disabled and parents with strollers to get around. Clarity on the traffic rules seem to be low - I've seen plenty of risky riding on streets, sidewalks and bike lanes and 2 scooter-caused accidents up close in just a few monts.
One region has introduced fines for companies and riders for bad parking, but I've yet to hear about any actual enforcement. More legislation I'm sure will follow.