VCs Squandered Billions On Scooter Startups

Almost exactly five years ago, the scooters came. That’s when Bird, the first unicorn in this once sizzling startup sector, launched its inaugural scooter-sharing service.

The company, founded by former Lyft and Uber executive Travis VanderZanden, touted itself as a solution for last-mile transportation. In dense locales like campuses and downtowns, those willing could just click on an app and scoot happily to their destination. READ MORE