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Episode Info: I can’t say I was surprised to hear that Juno shut down recently. They offered a lot to drivers and really seemed to do their research, but ultimately it wasn’t meant to be. Today I’ll be talking about Juno as a case study – what happened, what went wrong, and what we can get out of this whole process. If you’d like to read a transcript of this podcast, please click here. Intro Today I’ll be chatting with Alison Griswold of Quartz on Juno Covering the sharing economy for as long as I’ve been around! Thanks to George Grama – interviewed him before He white-labels rideshare apps – if you’re interested in starting your own rideshare company, reach out to me: harry [at] therideshareguy.com and I can put you in touch with him! Intro to Alison Griswold Alison Griswold of Quartz, covers the sharing economy Runs a newsletter on the sharing economy called Oversharing Typically used Via in NYC (but usually uses public transit!) Juno – The Beginning Became aware of them in 2016 Started in beta mode – much lower commission than Uber and offered a higher wage Subsidized on rider side Skeptical early on of their chances – how long could this all last? Were Drivers Happy with Juno? Overall, they were! RSUs, no shared rides, better pay for drivers Drivers felt they were getting a share of the company Where Did it All Go Wrong? Did it really go wrong? It all went right – for Juno Juno owner had a pattern of identifying market opportunities, creating a competitor in the space, and then turning it over for a profit Juno sold to Gett in 2017 – deal reported around $2M Drivers lost their stock options Takeaways from Juno’s Exit Initial branding is very important Uber and Lyft copied a lot of the features Juno had Can a driver-friendly company really unseat Uber/Lyft? Yes! Barriers to entry are not high Outro Appreciate Ali sharing her expertise as a reporter – she’s doing important work! If you have questions about Juno, reach out! And if you want to start a rideshare company, contact me: harry [at] therideshareguy.com Show Notes RSG050: George Grama on Building Mobile App Software for Rideshare Companies Quartz Oversharing Newsletter The post RSG111: Alison Griswold on Why Juno Failed appeared first on The Rideshare Guy Blog and Podcast. ...
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