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The birth and death of a bike company: What happened to SpeedX

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Re: The birth and death of a bike company: What happened to SpeedX

#131
post #111
post #99

Earlier quoted context omitted.

This is why I always keep my bike inside my living space.

Where do you keep your bike when you are going other places?

Well, I meant overnight. When locking it out, I use a U-lock and a chain. No guarantees that's going to keep it from being stolen, to be sure.

Re: The birth and death of a bike company: What happened to SpeedX

#132
post #120
post #71

This feels very typical of a Chinese "startup." Any company marketing its leadership on being some "whiz kids" is a red flag. A gigantic amount of Chinese entrepreneurship is just about people trying to game the insane capital market in China under every pretext possible, without any genuine concern for the business being sound. Not much different from what you see in the US, except for even less curbs on outright fr…

> In this case, you have to admit, the company simply ran out of money You seem to have skipped the paragraph with the little tanks. Arbitrary plot twist it out of a clear blue sky, would be too absurd even for an episode of South Park.

No I didn't. That has nothing to do with them simply not having a way to get profitable, and running out of initial capital. That would've happened invariably of then being raided or not.

Re: The birth and death of a bike company: What happened to SpeedX

#133

Earlier quoted context omitted.

In Montreal, the figure ranges from 600,000 (May) to 900,000 trips (July) from a fleet of 7,500 (there are no bikes from mid-November to mid-April). They're everywhere. Edit: I was still on the 2017 figures for some reason. 800,000 trips last May, 975,000 last August. ( https://montreal.bixi.com/en/open-data )

Even with those ridership number the company went bankrupt in 2014 and had to be bought by the city that made it non profit. In other words, not really a profitable market.

Companies targeting great markets fail all the time due to other factors. It not like all that needs to happen is someone point their finger at a good market and magically money starts piling up.

Re: The birth and death of a bike company: What happened to SpeedX

#134
post #128

Earlier quoted context omitted.

these are racing bikes meant for racing. A racer might want 5% more aero, because that's the difference between winning that race or not.

This $3-5K https://www.kickstarter.com/projects/speedx/speedx-unicorn-s... was a racing bike?

I'd say so. although it markets 'comfort' as well as stiffness and low frameweight, i dont expect it to be super comfy. might be it's more aimed at granfondo riders (which are still timed events) or group riders racing for signposts with their buddies though.
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