• The overhyped scooter company that raised $400 million in 4 months is an example of everything that's wrong with Silicon Valley

    7 monthes ago - By Chron

    Electric scooter company Bird has raised so much money from investors so fast that those investors are left defending their decisions.
    While there are definitely use cases for a scooter rental business, VCs are imagining them to "fundamentally change the way people get from point A to point B," thereby justifying their investment.
    We say: Not so fast.
    18 months ago, a company called Bird burst onto the scene. It rents electric scooters, similar to a bike-share rental - except that renters can just leave the scooters anywhere, and someone else will gather them up and return them.
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