I was hoping to get a more in-depth analysis of the 2-sided network effects of the scooter space. I'm having a hard time understanding the defensibility of these companies against each other. Habit doesn't seem to be enough to win the market. Exclusive contracts or leveraging regulations could be options but they don't feel strong enough either.
If it's not a winner takes all market and multiple players can coexist at the same time, then I don't understand the investment decision from the VC firms to value them so high so early. It feels like Uber/Lyft can easily get into this market and provide a better experience overall.
If it's not a winner takes all market and multiple players can coexist at the same time, then I don't understand the investment decision from the VC firms to value them so high so early. It feels like Uber/Lyft can easily get into this market and provide a better experience overall.