They are small businesses, promoted by hourly workers. What does that have to do with VCs?
Clearly my radar needs updating
If it's the latter, I can understand why you thought they were VC-backed startups.
You mean the ones that have "CITI BIKE" plastered all across each bike and every station? hmm, I wonder what company could be behind that? Citi? naahh, probably a VC...
wat?
No these are no the citi sponsored rent a bikes. They are (seemingly) tourist focused rentals, with a large street presence and in one case I tracked down renting or owning large retail units one street down from central park (hence my "cannot work oit the economics" - I mean renting a retail space a stones throw from Central Park as a bike storage place, seems a stretch for any profit)