3 ms·
I participated in the fundraising campaign of Vanmoof a few years ago. They were the market leader with a strong brand and financials. Possibly I considered it
by nasir 3y ago
I participated in the fundraising campaign of Vanmoof a few years ago. They were the market leader with a strong brand and financials. Possibly I considered it as my safest and a no-brainer investment.
Over the past few years I kept hearing there are issues with the bikes but I imagined such issues will be obviously addressed. Instead, they started expanding internationally (I read in comments they even had a presence in Japan!) while angry customers dealt with issues at home.
Really disappointed and a big reminder to prioritise product quality over growth at all costs. Vanmoof's desire to prematurely dominate the market turned into a fatal loss for all parties involved.
- tannhaeuser 3y agoIn my totally uneducated opinion, it seems like they lost the "fake it till you make it" race then. It could've worked by prioritizing hooking as many customers in the rapidly expanding e-bike market by looks and price, then deliver later on fresh investor's money, a strategy not unheard of in HN circles. But it's unclear what exactly the problem is - too many returns and/or failed parts or contraction of the e-bike market, or cheaper competition.