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The overhyped scooter company that raised $400 million in 4 months is an example of everything that's wrong with Silicon Valley Bird Electric scooter company Bird has raised so much money from investors so fast that those investors are left defending their decisions. While there are definitely use cases for a scooter rental business, VCs are imagining them to "fundamentally change the way people get from point A to point B," thereby justifying their investment. We say: Not so fast. 18 months ago, a company called Birdburst onto the scene. It rents electric scooters, similar to a bike-share rental — except that renters ...
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