#TractionTuesday with Techstars LA: Riders Share
Riders Share reaches a record $2.5 million in booking requests, has several customers turn into investors, and recruits a *surprising* high-powered CFO.
Co-Founder and CEO Guillermo Cornejo starts every day the same way: Speeding through traffic as he hits the open road to the Techstars LA office to work on his startup Riders Share. Riders Share is the AirBnB of the motorcycle rental space. The platform currently has the largest variety of motorcycles available for rent in the world.
Riders Share is a win-win situation in the peer-to-peer space: Customers can rent from a wide array of motorcycle brands and motorcycle owners can set their own daily rate.
With 2,500 current listings and 6,000 in total, Riders Share provides a variety of motorcycles to choose from including BMW, Ducati, Polaris Slingshot, Harley, and scooters. The startup recently hit a record $2.5 million in bookings requests since launching in Feb ‘18.
Riders Share’s path to raising capital wasn’t as straightforward as some other startups. The majority of their investors actually used their platform organically first and enjoyed the experience so much that they reached out to the co-founders of Riders Share to invest.
In addition to increasing listing availability, Riders Share is in recruitment mode. The motorcycle startup recently scored an experienced CFO who means business: Marco The Pig, is Riders Share’s Chief Fun Officer (CFO). Marco traveled great lengths to get to Techstars LA via a cross-country RV road trip from Pennsylvania to Los Angeles.
Riders Share is currently in Los Angeles, San Francisco, Las Vegas, Hawaii, Houston, and DC with plans to expand to more cities. As a part of Techstars Riders Share hopes to expand its technical knowledge, business partnerships, and go full throttle.
