After Misjudging Market, Bike Maker Vanhawks (YC W16) Has Been Resurrected
techvibes.com
techvibes.com
So it's a bike with built in GPS? That connects to my phone, which also has GPS? What the heck. What am I missing that makes this product not such an obviously dumb idea? What can this do that I can't accomplish with a mobile app, or with a smart watch strapped to the handlebars?
In the long term, building this platform into a full bike means that we can offer plenty more - imagine being able to locate your bike if it was stolen or, imagine your bike could communicate with other vehicles around you to keep the rider safe.
This is not to say that we only offer full bikes in the future. However, having the full bike now is allowing us to perfect the platform and understand the full range of needs for our riders.
If you are offering bike location--how long before thieves/hackers figure out how to disable it? Will it work when the bike has no power? Will thieves be able to use the tracking signal to find expensive bikes to steal?
Check out our latest news on our new structure here: http://blog.vanhawks.com/2017/04/26/in-case-you-missed-it/
Bikes, on the other hand, don't tend to be treated as a disposable / frequently upgraded thing. You're asking customers to buy in to a fixed set of hardware for a dozen years. That means you've got to provide some really significant value to the equation, and offer something that is just not even remotely possible with an ordinary cell phone.
So far as I can figure the only thing you offer in that regards is blind-spot detection sensors, and that seems like something I could realistically expect to see from bicycle electronics companies within a reasonably short time frame, for way less than $500.
I'm still not sure what exactly your significant value-add is. I'm not trying to shit on you or your product. The bike looks great. I just think you need to think very carefully about how you are marketing it, and what exactly you're offering to persuade someone to pony up an additional $500 or so over a normal bike.
i wonder how such logic would sound in the context of say Microsoft Surface Hub?! well, probably like billion dollar idea :) They sell those $5K TV for $22K like hot cakes.
https://arstechnica.com/information-technology/2016/12/micro...
On the other hand, I'd never buy this Vanhawk unless I could be certain, for instance, that the electronics would withstand New England winters (I can tell you that ordinary cycle computers do not!). I gave up replacing them because what they tell you is not needed for commuting. I know the route, I know how long it takes, I do it every day. Also, there doesn't seem to be bosses for racks or water bottle holders, which I consider pretty essential.
How do you know enough about bikes to build one out of carbon fiber but don't get that?
I buy shoes online when I've already seen them. But have you ever owned a high end bike? The experience is a lot different for buying shoes (although if I were in the habit of buying $2000 shoes I might feel differently).
You don't usually buy another one, unless you broke the last one. You buy something new, or different.
I'd buy bike components online at Nashbar or Performance because I know what I'm getting from Fuji or Shimano. And Nashbar has slowly inserted themselves into that trusted space as well. But Vanhawks? I don't trust that yet.
The confirmed bachelor with many bikes, on the other hand, would try to do his homework but ended up with several he didn't like. He'd just resell them and try again. But biking was his thing. I think his bikes were worth more than his furniture.
It was important for us to create and refine the product while we found the right partner. In the coming weeks, we'll be starting a purchase program that allows both online and in-shop purchasing in select locations.
It's too late for that. 2017 bookings were completed last fall.
Maybe its just bad copy, but I already have a connected bike - everyone I ride with does. The only features i see that I might not have are blindspot detection (which i can get with a cheap mirror on my helmet if i wanted it), and a carbon fiber belt instead of a chain, which means none of my existing components which I've paid thousands of dollars for will work. The fixie is a little more compelling, but the price point is a little steep.
Presumably the investors saw something I'm missing, but I think the price point ($1300) is really high for a fully integrated system.
Which IMO is a fine choice, if they really do know that this segment even wants the product they're making, or if this segment is big enough.
I found that in real life, I noticed no difference with most of the features that command a premium. When commuting, I'm carrying a laptop, charger, and usually lunch. When riding for fun, I'm usually carrying plenty of water, food, and maybe a tent and sleeping bag. So why would I pay hundreds of dollars to save pounds on my bike with a carbon frame?
I do spend plenty on accessories, but they're in the opposite direction than what this bike offers. I bought as nice of a saddle as I could find, with no thought towards price. Same with comfortable hand grips. And a really expensive pannier that converts into a backpack - which is probably my best purchase.
Following that high publicity jeep hack, and I'm sure plenty of other car hacks that have followed, I personally consider it a feature that my bike is purely mechanical. This bike falls somewhere between "social network for dogs" and "smart refrigerator with livestream of your egg carton" in terms of why would I want this?
For half the price of this bike I got a 1500W mid-drive ebike conversion kit that I added to a $150 BMX bike which is ridiculously fun, with a programming cable allows for more than enough tinkering for my tastes. It's in a completely different class than a human powered bicycle for sure, but IMO many casual bicyclists would be well served owning a cheap e-bike and a cheap bicycle.
The Valour also records a much more rich set of data that we will be using to inform cycling directions in the future. Most apps or devices record speed, time, distance, etc. We're recording much more.
I get what you are saying though - I have a Garmin that I use with multiple road bikes on country roads during the weekend. There, it is much easier to glance down to see how many watts I'm producing or switch screens to check my vertical metres per hour. However, when I'm riding across town to the office, I have a very different set of concerns.
I'm part of the "athlete" market segment who is happy spending $2k on a "dumb" road bike and I also commuted on that dumb bike every day through the city.
The same applies to a power meter - if I want to know my watts I'd rather buy a PowerTap hub or crank and put it on the bike I want rather than having to buy a whole bike with it permanently integrated.
I wonder if, instead of building the whole bicycle you couldn't do great things by building awesome aftermarket components (e.g. try to be Anker, not Apple.)
That said, I know it's easy to be a naysayer, and I wish anyone who's working to innovate the cycling industry all the best! (Lots of <3 to Strava, Garmin & Di2)
As for Vanhawks specifically, I think they have a very cool idea but their bikes are just a little too expensive for me. Which is actually pretty frustrating. I'd like one of their single-speed bikes, but the bike is $1300. Then shipping is $150. Then assembly is ~$50 – $100. Then a rack and fenders are more.
Something like a Priority bike is $900: https://www.prioritybicycles.com/products/thecontinuum and the company often offers free shipping. Fenders and a variable-speed transmission are included. Total cost is a lot lower.