Today something exciting happened at Scoot HQ.
Michael, Scoot’s CEO, wrote this letter to all our members. Check it out:
Scoot is growing: more members, more scoots, more locations, and more fast, fun, affordable transportation for everyone. But we want to grow even faster so we’re raising money from investors.
Today, for the first time, we’re opening up investment in Scoot to accredited investors able to invest as little as a few thousand dollars. This is possible because of a new innovation in startup funding which allows lots of people to team up to make one big investment in Scoot. We are working with SeedInvest (sort of like Kickstarter for funding startups) to make this happen.
No one knows our business better than you, our awesome riders. So if you are an accredited investor, or if you think you might be one, head on over to SeedInvest to learn more about how you can benefit from the growth of Scoot in a whole new way.
Let’s do this: www.seedinvest.com/scoot.networks
Scoot Founder & CEO
Here’s a bit more info:
What’s an “accredited investor”?
Basically it’s someone who either makes a lot of money or has a lot of money they can invest. The actual definition is very specific and can be found here. The idea is that if you aren’t one of these people, you probably shouldn’t be making risky investments in startups.
Not an accredited investor?
That’s okay. Neither am I. Scoot was built to make fast, electric transportation affordable to everyone, including you and me. But to do something that ambitious, we need investors to help get the business to profitability.
I’m not an accredited investor but I still want to get in on the action!
The SEC (the people who make the investing rules) are making some changes to who is allowed to invest in startups. Those changes may take effect sometime next year. We are really excited to see what happens then.
We released an exciting new feature here at Scoot HQ today: text alerts when a scoot or parking spot opens up.
Tap an empty location and a scoot (or garage) will text you when it’s free. Then when your phone buzzes, grab your scoot and go!
Riders will notice a few other new app goodies as well: different lightning bolt symbols next to a scoot’s battery level telling you if it’s charging, an end-ride checklist with feedback notes, as well as a generally faster and higher resolution map — all for your scooting pleasure.
Go on, give it a shot!
As always, we want to hear any ideas, suggestions, or comments!