How to Juice Lime
In response to the reader who said teachers “whine” about pay:
“I have a niece who is a school teacher. She not only teaches at school but brings mounds of papers to prepare and grade [at home].
“So she works both in school as well as out of school.
“Sometimes she brings…a child home with her — mostly children whose ‘parents’ have drug problems.
“How much do you believe that she is paid for this ‘homework?’ Try zero.
“Let’s see now, you were whining because school teachers are overpaid?”
And in response to feedback that suggests a return to the one-room schoolhouse:
“I believe the main impediment to the type of cooperative homeschooling suggested…is the economic need for two parent incomes; not many mothers are available to be part of the homeschool.
“Perhaps the hardest part of overcoming today’s education problem is untangling the ‘she can have it all’ and false-feminism mindset…so [mothers] can again realize the the greatest career any woman can pursue is to be the best mother she can be and realize that ‘the hand that rocks the cradle rules the world.’”
We’re aware the reader’s sentiment is controversial but believe it’s fair to give her opinion a hearing. Again, her opinion.
We received a number of thoughtful emails on the topic of education. We’ll publish more of your feedback next week.
Your Rundown for Friday, December 7, 2018:
If you live or work in a city, no doubt you’ve encountered someone on an electric scooter or bike zipping past you.
We find them incredibly annoying — an accident waiting to happen. But we have to consider the virtue of the two most popular “short trip” sharing companies: Lime and Bird.
Both startups have experienced phenomenal growth…
You can see from the charts the two companies are fierce competitors; the two other startups — Motivate and Jump Bikes — offer no competition.
Lime and Bird raised almost a billion dollars in 14 months; they’re now valued at $1.1 billion and $2 billion respectively.
“I’ve never seen revenue growth this fast…Ever,” says Mark Suster, managing partner at Upfront Ventures.
As for venture capital, both companies have attracted some heavy-hitters. Lime’s backed by Google/Alphabet, among others, while Bird’s backed by Sequoia and Accel — early investors in Google and Facebook.
So some serious supporters.
“While it’s early days,” says an article at Future Engine, “the velocity of usage growth and adoption is intense and seems to be on track with that of Uber and Lyft during their early days.
“Based on our analysis, we believe the dockless scooter and bike industry will continue to grow with Lime and Bird growing 5x to 10x from their current valuations.” In fact, the short-ride rental industry is expected to be worth $22-billion by 2024.
And even though electric scooters and bikes can be a nuisance, they might play a role in reducing air pollution. Always a good thing.
As for how you can invest in these private companies, that’s tricky. But, for now, the best backdoor play is Alphabet/Google. The company’s very interested in the industry and even has plans to map safe routes for scooters and bikes.
Reducing emissions and reducing annoyance? Win-win.
Market Rundown for Fri. December 7, 2018
S&P 500 futures are down 3 points to 2,693.
Oil is up $2 to $53.57 a barrel.
Gold keeps climbing — up $6.30 to $1,249.90.
Bitcoin’s down $54.61 to $3,430.57.
Have a good weekend. We’ll catch up Monday.
For the Rundown,