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This is not even a hindsight 20/20 situation. The math never made sense. They were too brittle to make the LTV turn profitable. Maybe people were hoping for su
by mertd 4y ago
This is not even a hindsight 20/20 situation.
The math never made sense. They were too brittle to make the LTV turn profitable. Maybe people were hoping for subsidies?
Practicality-wise, they neither belonged to the sidewalk (too fast) or the road (can't deal with obstacles).
- Nextgrid 4y ago> The math never made sense. I bet it was a "growth & engagement" situation. The objective was never to build a sustainable business but was instead to build an engineering playground while collecting hefty salaries paid by VCs.
- rasz 4y agoThose startups popped into existence in the west just as pictures from Chinese rental bike graveyards showed up. Everyone with IQ of a donut could see where it was going.