Why Scooter Startups Are Worth Billions

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PolyMatter : Fun fact: Steve Wozniak (Apple co-founder) created a sport called Segway polo. Where’s scooter polo? And will scooters become Paul Blart’s next preferred mode of transport? Just a few questions for you to sit on this weekend.

Maebbie : lmao slowed down the video to strech it to 10 minutes

Kante you see : lmao its just america have a crap public transport

Dio Brando : QR codes finally found a use ? Do you know nothing of china literally everything is done by QR code I gen even register my house to the police with a QR code and this scooter stuff has been in china for years but with bikes

tod berry : What's next… driverless scooters?

_Bob McCoy : *Next Big Thing will be Rental Jetpacks!*

Kung Fu Kenny : Hey Polymatter, quick sidenote, in Asia they use QR-codes a lot!

Mega Smith01 : Not going to lie, at first glance I read it as ‘Why school shooters are worth billions’.

fuck : Do a video on Discord. That'd be nice.

NutHoofd : At the start of this video I immediately thought; _"Why don't we have those scooters in the country I live in?"_ Then I realized that I live in the Netherlands, where bikes are literally everywhere, including swappable bike services and whatnot. Heck, even the hobos usually have multiple bicycles here.

Holly Plyler : Isn't this basically what china's been doing for years?

Michael Jay - Value Investing : Lime bikes just started popping up in my city. Since then, my opinion of them has soured.

Er ic : jokes aside and all QR codes are actually a huge thing in Asia

GhostZodick : I'm expecting a start up for shared girlfriend/boyfriend. "Sir, I'm not prostituting. I'm spending my time with a shared girlfriend."

Ashiente : Sounds like a bubble that will colapse aaaaaaaaaany time now

boson96 : I think scooters are great, they are like bikes but more portable, hi-tech, and you don't sweat. Combined with an uber like business model, I can see these working.

Wholesome Lad : I havent been on a scooter since 2010

Sownheard : Build better sidewalks Problem solved

Thomas Hirtz : Just FYI, QR code in China are used absolutely everywhere and all the time, and it's insanely convenient You use it for all the everyday transaction (groceries,...) every time you pay/give money to friend (split bill,...), every time you met someone (to add him in WeChat/others, or when you want to make a group), all the share bikes, all the banking (ATM,...), when you log on website on computer,..

Majidul : Always wanted to flex on others with a supreme scooter

King Mongkut : I would love to see you make a video about capitalism, socialism, and other economic systems.

Nash Milani : That pile of bikes in China made me so sad and angry

Janmay Singh : Waitm five years till Apple creates a new model and calls it *original*

tod berry : I used to be unsure of subscribing to you but the regular quality content is fantastic! Keep it up ;-þ

uberminseok23 : Those who complain America's crap public transport and sidewalk or why people would not walk 20 minutes to stations just don't get it. It's not for your understanding or empathy. If there's a market to exploit, it happens and benefits both the provider and consumers however niche.

Austin Martín Hernández : Let me tell you that not everyone lives in metropolitan areas. In my small hometown there's no such thing as these scooters or bike lanes. There's sidewalks but absolutely nobody walks there. More people are starting to use bikes but the main road is a fast highway so the bicycle riders use the sidewalks. There are a few cabs but barely anyone uses them so they are very expensive. I was very surprised one day this year to find a small transit at Walmart. I had never in my life seen one in my hometown. It must be new. My point is these transportation services and options aren't available everywhere. I think they could be useful but in my hometown literally everyone uses a car unless they are poor. My family lived in the countryside 15 minutes away from town so a car was our only option. But even if they live in town a few blocks away from their job, people still use their cars. It would be hard to make them start using anything else.

Big Daddy Toyota Corola : the "litter bikes" are useless in Urban cities. In London, the wheel lock gets broken by kids to get unlimited rides

shatley123 : I love scooting 🛴 in Austin and I don't have a car so it's very convenient. But 2 billion valuation? A little high if you ask me.

ElyssaAnderson : These are a great idea for everyone who: 1) lives in a city 2) with permanently nice weather 3) and a reasonably low crime rate 4) and don't have physical disabilities 5) and don't need to haul any sort of gear or equipment 6) and don't get reimbursed for parking by an employer. So... that's gotta be like...90% or more of the populace...right?

TechnicolourSymphony : Only american's need this shit because their public transport systems are so bad (and they're apparently too lazy to walk 20 minutes!?)

dominick253 : I did an article summary about this. 25/32 students did theirs on Amazon... I got a 100 I don't know what they got.

Benjamin : This boi knows his stuff

Proactive Thinker : Every video is a masterpiece! Good job!

doge meme : America you crazy. You don't want to arive sweaty at school. How are you sweating when you bike. In our country everybody takes a bicycle to school or work and nobody's sweats because we are not lazy and fat.

Thomas Snijder : Lol I was just thinking ‘I wonder when polymatter is gonna upload again’ AND YOU DID!

Rich Dobbs : Okay, I watched that, but I still see no reason that scooter startups are worth billions. Instead, I see another case where the stock markets act as a pseudo-rational form of gambling. Given the underlying technology, the market could evolve where the app was scooter-provider agnostic, and the price could drop to provide normal returns on capital, and cities could charge congestion pricing to encourage polite parking with motivations for distributing the scooters instead of dumping. But instead, I predict that cities will act to reinforce, rather than counter network effects. And there will be winners and losers in this based on little other than who is popular.

XueGuang Lu : buttery smooth transition into sponsored content.

Burz Wild : I had no idea these existed

Jaeger-LeCoultre Reverso Classique : The future looks dreadful….

Valaens - Serie TV : I live in Italy, and here it's not a problem to walk 20 minutes to take a bus! But it could be useful for people who are late or have knee pain! :)

warmowed : They are just way overvalued especially with so much competition there is no way the company has the combination of technology, staff, assets, and growth potential to be worth that much. Sure scooters would work in San Fransico, but they got banned. Scooters do not work in 90% of the U.S. just like the rest of public transportation; America is just simply to big and not nearly dense enough to support it. The sad reality for those that want to eliminate cars is that they will be necessary for the U.S. for a long, long time. In most countries that are physically large people have still congregated to a handful of cities, but in the U.S. populations are extremely spread out and the populations that would overwhelmingly benefit from public transport or cheap private transport are very rural or on the outskirts of cities and there are no scooters, bike lanes, buses, or trains there.

Peter Xie : this time America copycat china.

YASH KATARE : All hail scooters

Prathamesh Chaudhari : Your research is just amazing 👍🏻👍🏻🔥🔥🔥🔥🔥

zachandbro : I hope these scooters don’t hurt me ankle

Mi, Amor : Whoa 😁 been obsessed with electric scooter for about a day, then he uploads this video 😁 ohh i would love to get my own electric scooter

Steven Popovich : Great video! But I live in Columbus and these are not banned here, just banned from being used on the sidewalk. They also have restricted areas, like Ohio State campus on game day. These restricted areas are software/GPS enforced and the scooters simply will stop in these areas.

Twatical : Honestly brilliant. Something everyone thought was cool but knew they were going to ride once and never again (as was the case for me). That coupled with the fact that the market for electric scooters died after it went out of style, thus killing prices. No research and development required (at least not from the ground up) and a whole bunch of cheap parts lying in a warehouse somewhere made this a breeding ground for start ups.

Joshua Perkings : For anyone not familiar with these scooters/ not living in an urban area they sound a lot more appealing than they actually are. First off, they charge you $1.00 to start, big deal you say but chances are the battery is dead and you have inconveniently walk a few blocks to find another one while being charged. Once you ride its like 30 cents a minute which may not sound like much but after 30 minutes (about 3 miles) it costs like $8 or more. Definitely worth an Uber. The scooter is ONLY worth if it you are lucky, find one right away and need to go less than a few blocks away in a short period of time or if you're just trying to have fun being the asshole swerving on the sidewalk.

Cheng Han the Squid brother : I think scooters are fine, but I doubt they will replace cars any time soon as most people generally prefer cars as their mean of transportation especially if they have kids well at least in Singapore. I'm not too sure about other countries though.