2 ms·

I counted seven different scooter companies in my town recently. The party had to end at one point...

• jandrese 7y ago
  It's just like 3D printers a few years ago. Dozens of companies spring up around the technology and gradually attrition down to a the handful of most successful ones. A more direct parallel might be all of the Hoverboard clones that flooded the market a few years ago. Whenever something is new and hot and the barrier to entry isn't too high you'll get an explosion of startups trying to make their name.
  • baxtr 7y ago
    Yes, I agree. The big difference is I think: all of these seven startups needed a huuuge amount of capital to start in various cities.