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AustenAllred's profile
Austen Allred
Austen Allred
Austen Allred
Verified account
@AustenAllred

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Austen AllredVerified account

@AustenAllred

CEO @LambdaSchool (YC S17): A CS education that's free until you get a job. I have made remarks that I do not agree with.

San Francisco, CA
lambdaschool.com
Joined December 2010

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    1. Austen Allred‏Verified account @AustenAllred Sep 22

      Austen Allred Retweeted Lime

      10 million rides. Started to really hit scale not long ago. Must be an insane growth rate. Average price per ride: a few dollars. A scooter pays for itself in less than a month. It actually makes complete sense scooter companies are raising $100m. They print money.https://twitter.com/limebike/status/1042816455664754688 …

      Austen Allred added,

      0:40
      LimeVerified account @limebike
      10M+ rides... And not a single one, without you. Here's to the next 10 ;) 🎉 🍾 🚲 🔋 🥂 🎉 🎥 #CitrusGotReal #ThankYou pic.twitter.com/ZS6gFl1rW0
      8 replies 15 retweets 194 likes
      Show this thread
      Austen Allred‏Verified account @AustenAllred Sep 22

      Let’s say an average $3/ride. Bird just hit 10 million rides in its first year. Probably growing exponentially. Non-existent to $30 million in revenue in one year. And that’s probably very conservative. Unit economics seem extremely healthy. I’d invest $100m too.

      5:46 AM - 22 Sep 2018
      • 5 Retweets
      • 58 Likes
      • Seth Estrada [NO FREE GPUs!!!] Krishaan Khubchand Alex Carter 🤷‍♂️ Shaun Maguire Paul Frazier moz Paul Stefan Bohm Brandon Hawkins purpleposeidon
      6 replies 5 retweets 58 likes
        1. Armen Berjikly‏ @armenberjikly Sep 22
          Replying to @AustenAllred

          What are long term costs of scooter? It may payback its initial outlay quickly, but maintenance, trashing, theft, charging, liability insurance take their toll, no?

          0 replies 0 retweets 0 likes
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        1. Sam Cates‏ @SamCates Sep 22
          Replying to @AustenAllred

          Any citation on the payback or unit economics? I have not seen 1-month payback anywhere.

          0 replies 0 retweets 0 likes
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        1. New conversation
        2. Austin Lieberman‏ @AustinLieb Sep 22
          Replying to @AustenAllred

          Austen... this has been done. Who knows net-income, but the revenue is there. Took Nike 24 years to reach $1B in rev. Took Kylie 2.5 years...https://www.google.com/amp/s/www.forbes.com/sites/forbesdigitalcovers/2018/07/11/how-20-year-old-kylie-jenner-built-a-900-million-fortune-in-less-than-3-years/amp/ …

          1 reply 0 retweets 0 likes
        3. Austin Lieberman‏ @AustinLieb Sep 22
          Replying to @AustinLieb @AustenAllred

          Great interview with @tobi at Code Commerce. Every time I heard Tobi talk I am amazed.https://youtu.be/6isvTuasA24 

          0 replies 0 retweets 0 likes
        4. End of conversation
        1. New conversation
        2. UX.pragmatist‏ @ClayNichols Sep 22
          Replying to @AustenAllred

          This analysis ( by @MichaelBabich ) was very interesting and suggests ROI is about 14%. He's suggesting it takes a lot more than a couple of months to break even on scooter cost.

          1 reply 0 retweets 0 likes
        3. Be good to people.‏ @tylerwillis Sep 22
          Replying to @ClayNichols @AustenAllred @MichaelBabich

          Payback is easily 1 month if you ignore operating costs (loss and paying chargers). With those costs included, it’s closer to 400-600% ROI in year one.

          1 reply 0 retweets 0 likes
        4. Michael Babich‏ @MichaelBabich Sep 22
          Replying to @tylerwillis @ClayNichols @AustenAllred

          If you also ignore a scooter price, repair, and charging time during day when a scooter is not operational as also battery degradation and short scooter life due to heavy use it is like free money growing on trees )

          1 reply 0 retweets 0 likes
        5. Be good to people.‏ @tylerwillis Sep 22
          Replying to @MichaelBabich @ClayNichols @AustenAllred

          “With those costs included” was the salient part of my statement.

          0 replies 0 retweets 0 likes
        6. End of conversation
        1. Dalton ™️‏ @irDalton Sep 22
          Replying to @AustenAllred

          They are like slot machines 💸💸💸💸

          0 replies 0 retweets 0 likes
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        1. shakara herbsdóttir‏ @shakarasaid Sep 22
          Replying to @AustenAllred

          I don't have $100M yet. What can I invest?

          0 replies 0 retweets 0 likes
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