Riders Share
Motorcycle sharing done right: the marketplace for owners and riders
- Security Type
- Crowd SAFE
- Min Investment
- $150
- Location
-
AUSTIN, TX
- Offering Date
- January 26, 2023
- Expected Close Date
- March 27, 2023
- Target Raise
- $25.00K-$1.24M
- No. Investors
- 461
- Security Price
- $1
- Website
- riders-share.com
- Number of Employees
- 6
- Cash
- $74,068
- Revenue
- $1,968,009
- Short Term Debt
- $1,309,589
- Cost of Goods
- $1,714,061
- Long Term Debt
- $3,245,180
- Net Income
- $2,057,277
Company Description
Most motorcycle rental companies charge high rental fees and are available only in limited locations. By leveraging the growing popularity of peer-to-peer exchange, Riders Share brings affordable rental opportunities to enthusiasts everywhere—matching vetted renters with motorcycle owners on an easy-to-use platform.
Perks
Invest
$1,000
Receive
Official investor badge added to your Riders Share profile.
Invest
$5,000
Receive
Free 1-year Rider Pass subscription (up to 25% off the cost of any rental)
$1,000
Receive
Official investor badge added to your Riders Share profile.
Invest
$5,000
Receive
Free 1-year Rider Pass subscription (up to 25% off the cost of any rental)
Key Deal Facts
75% YoY revenue growth rate to ~$3.5M in 2022
$4.5M raised from LiveOak Ventures, Techstars, Texas HALO
Proprietary AI risk assessments make renting safer and more profitable
Industry-leading 47% take rate per rental; 10:1 LTV : CAC ratio
6.55X more trips and 4X more inventory than leading competitor
35K+ bookings; 3,600+ listings; perfect 5-star rating on Google
Featured in Forbes, Travel & Leisure, Robb Report, Ride Apart, and more
$4.5M raised from LiveOak Ventures, Techstars, Texas HALO
Proprietary AI risk assessments make renting safer and more profitable
Industry-leading 47% take rate per rental; 10:1 LTV : CAC ratio
6.55X more trips and 4X more inventory than leading competitor
35K+ bookings; 3,600+ listings; perfect 5-star rating on Google
Featured in Forbes, Travel & Leisure, Robb Report, Ride Apart, and more
Perks
Invest
$1,000
Receive
Official investor badge added to your Riders Share profile.
Invest
$5,000
Receive
Free 1-year Rider Pass subscription (up to 25% off the cost of any rental)
$1,000
Receive
Official investor badge added to your Riders Share profile.
Invest
$5,000
Receive
Free 1-year Rider Pass subscription (up to 25% off the cost of any rental)
Management Team / Advisory Board Bios
Guillermo Cornejo
Founder & CEO
Worked for 7 years in analytics at Hyundai, GM and Nissan including risk pricing roles. Grew Riders Share to >$1M in rentals while attending UCLA's MBA full time program with only 1 other employee.
David Stewart
Board director
Ex Chief Business Officer at Turo, partner @ LiveOak Venture Partners
Brendon Lamb
Cofounder and CTO
Adam Miller
Advisor - Marketing (ex Turo)
Tristram Hewitt
Advisor - Operations (ex Turo)
Robert Burns
Advisor - Product (ex VRBO)
Founder & CEO
Worked for 7 years in analytics at Hyundai, GM and Nissan including risk pricing roles. Grew Riders Share to >$1M in rentals while attending UCLA's MBA full time program with only 1 other employee.
David Stewart
Board director
Ex Chief Business Officer at Turo, partner @ LiveOak Venture Partners
Brendon Lamb
Cofounder and CTO
Adam Miller
Advisor - Marketing (ex Turo)
Tristram Hewitt
Advisor - Operations (ex Turo)
Robert Burns
Advisor - Product (ex VRBO)
Amount Raised
:
$302,997
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Security Description
An equity crowdfunding specific version of a SAFE used by crowdfunding portal Republic. Upon conversion (if and when that happens), investors may receive special shares with limited rights that do not show up on a company’s cap table. The issuer may roll over and not convert shares at the next financing round causing investors to lose out on some upside.