30 Jun '18, 2pm

Startup Saturday: One of the hottest startups, valued at over $1B is branding on a .CO domain

One of, if not the, hottest companies in the startup world right now is Bird Scooters. The startup launched less than two years ago and recently raised a monster $300M round of funding at a valuation north of $1B. This has left many people scratching their heads but some of the top VCs in the world have chimed in to share why they believe in the company and don’t think it’s valuation is as crazy as you might think. Count me in the initial skeptics. The company launched a trial service in Santa Monica just last year and when I first saw the scooters (parked literally outside of our office) I was convinced nobody would want to ride them. Over the course of the first few months I saw a few people out on the street taking Birds and then a steady uptick in riders. The initial usage ramped up to such a heavy level that I would stare out of my 6th floor office while on phone call...

Full article: https://morganlinton.com/startup-saturday-one-of-the-hott...

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