Please, keep trying to re-invent public transit if you can come up with something better.
Public transit sucks. In a lot of cases if I am with a friend I can get an Uber pool or express for the same price as public transportation. I might have to pay a small premium of 50 cents at times but the convenience is far better, and no transfers. Hell I can even use commuter benefits.
A successful company could play a part in revitalizing the public’s interest in having good transit.