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Turo doesn't own the underlying asset that they're renting out, and is just a marketplace for others to bear the capital costs of buying a car, and most of the
by manacit 7y ago
Turo doesn't own the underlying asset that they're renting out, and is just a marketplace for others to bear the capital costs of buying a car, and most of the operational costs of keeping it running.
Their model is quite different than car2go's, which involved buying cars, keeping them safe and running, etc.
- neuronic 7y agoThe only way for something to be profitable as online business, aside from e-commerce, is being a "platform". Ephemeral, little assets, just man-in-the-middle. Operating costs are basically determined by server centers and employees... Anything real like cars on the road seemingly goes belly-up within a few years unless VCs throw money at it for no reason other than hype.
- cbsmith 7y agoI've talked to some people who have Turo based businesses. They're doing well.