Riders Share

Riders Share

Motorcycle sharing done right: the marketplace for owners and riders

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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
474
Security Price
$1
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)

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

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)
Amount Raised : $313,438
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Valuation

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.

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