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Ford Acquires Chariot (YC W15)

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Re: Ford Acquires Chariot (YC W15)

#61

Post by erispoe »

dlitwak wrote: post #46

Congrats to Ali. Been very impressed with Chariot's mastery of nitty gritty business & logistics fundamentals. That sounds like it should be obvious, but Leap and other competitors couldn't so much as file the right permits, let alone start what amounted to their own public transit network and get regular ridership. This is a hard, low margin, business to get right in a crowded space, and Ali managed to scale it to 4…

40k+ riders per month? I've been trying to get ridership data for Chariot and couldn't get anything. So it's around 2,000 riders per business day? For 30 lines?

It's really low ridership by any standard. Not even a dent in SF Muni ridership of 650,000+ daily rides. It's the equivalent of a local, infrequent Muni line you probably never heard of like the 36-Teresita or the 37-Corbett, both of which are moving around 2,000 riders a day. On a single, modest line.

Re: Ford Acquires Chariot (YC W15)

#62

Post by treehau5 »

pests wrote: post #33
treehau5 wrote: post #26

Earlier quoted context omitted.

Detroit will rise again in the next decade. They have pretty enticing offers for software engineers to move in. Right now you can get a stellar house for around ~150k which I am sure will triple in value in 20 years. Trying to convince my wife to move there from warmer climate, however... If anyone wants to help me there I am all ears, haha.

I live about 10 minutes from Downtown Detroit. It's nice. Feel free to hit me up if you have any questions I could answer.

Hi, I am hitting you up. (Am I doing this right?)

Re: Ford Acquires Chariot (YC W15)

#63

Post by alivahab »

From Chariot CEO & Co-founder:

Hi All, Thanks to those who have wished us well on this thread. Keeping everyone happy is tough, if not impossible, and it's even harder for them to swallow when they depart ahead of a very successful exit. Nevertheless, we wish everyone who spent time with us only the best since they contributed to our success.

We're really proud to be Ford Smart Mobility's first acquisition and become a building block in their strategy. Our mandate is to scale the effort with the considerable resources we can leverage from Ford.

If you're interested in learning more, check out opportunities to join us at chariot.com/careers. Hope to hear from you!

Ali Vahabzadeh

Re: Ford Acquires Chariot (YC W15)

#64

Post by baccredited »

wtvanhest wrote: post #47
baccredited wrote: post #21

OUCH. I invested in YC W15 companies (thirteen of them) through FundersClub but they missed this one. Dear YC - please allow me to invest in the whole class, like you did for Michael Bloomberg!

1st, I am not sure if this is even a good acquisition. 2nd, That isn't how it works. Deal flow is the most rare, and precious, and valuable thing to investors. FoundersClub is trying to get deal flow and they will win some deals, but ultimately, the investors with the absolute best reputation will get to invest in the best deals. In any event, Founders Club likely passed on Chariot, which I would have to agree with b…

Ford paid more than $65 million for shuttle-van startup Chariot

http://www.businessinsider.com/ford-buys-chariot-65-million2...

Re: Ford Acquires Chariot (YC W15)

#65

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