Chinese bike-sharing firm Bluegogo has gone bankrupt: media reports

Dallas as with most post-war cities is sprawling, with most land being either parking or roadway in the more urban areas. This makes cities built this way much less usable for any form of transit besides driving, and even there you see travel distances doubled due to the added parking at every building.

Seattle got quite lucky insofar as being not too spread out, with the ability and demand to sustain 2.25 rides per bike per day[1]. Part of this is sustained by a robust mass transit system most American cities lack where a bike for the last couple thousand feet makes all the difference for a trip, whereas without that backbone you won't see high ridership.

Often, these trips are called the missing link. Turns out, thousands of people will pay to make these trips on bike every day here, versus using another mode of transit.

1 - http://sdotblog.seattle.gov/2017/09/19/rolling-with-the-homi...

Sounds like waaay too much VC money combined with poor planning (or purposeful mismanagement). No market has limitless potential, at some point you'll saturate it in a given city.

It worked great(for founders), all bike sharing companies were startups seeded with VC capital.