1 Comment

I Feel Your Pain (grin).

1. Re The "Sharing" Economy: we already had one (rental cars, rental apartments), then SV and IT and VC arrived and we got more. Looking only at transport, since I know zilch otherwise, Uber et al. proved that if you spent maybe $75 billion you could create international cab companies that might be able to break even (and do better in places where private ownership is more constrained, e.g. Beijing). Then along the way they picked up food delivery, and THAT looks like it might be feasible.

2. Re "Oversharing:" time to pivot! (I can't believe I used that word!) The "Sharing Economy" despite all its foibles launched the micromobility boom, starting with shared scooters. As the rose came off eternal rental ("If I like scooters so much, why don't I just buy one?"), the micromobility wave still rolled on, just now more owned than rented. E-bikes, delivery bikes, quadra-everything, min-EVs, etc. Here I bet the next struggle will not be Shared/Owned but The Mode Wars. Types of micromobility modes are proliferating rapidly. Is a 4-wheeled micro-car a bike, a motorcyle, or a car? How to regulate? How to avoid micromobility ballooning into macromobility? ("If I had just 10 more HP and could seat 3 instead of 2..."). IMHO.

Expand full comment