There's almost no clearer indication that the speed of business is quickening at an amazing pace. In the scooter world, the land grab is on, and everyone is looking at ride sharing as the obvious analog, which means raise a lot of money, expand to new cities, and earn market share... quickly.
Whether a couple (or all) of these companies flame out remains to be seen, and is probably likely. But there's also likely to be a winner in this category. And the winner is likely to be worth a lot of money. These companies likely don't "deserve" their valuations based on current metrics like revenue, but the market potential is huge, the growth is high, and the capital requirements are large... so investors seem more than willing to make bets.
Whether a couple (or all) of these companies flame out remains to be seen, and is probably likely. But there's also likely to be a winner in this category. And the winner is likely to be worth a lot of money. These companies likely don't "deserve" their valuations based on current metrics like revenue, but the market potential is huge, the growth is high, and the capital requirements are large... so investors seem more than willing to make bets.