The Disadvantages of Startups

E-bike and scooter companies are closing down. They have no moat of very little moats, like food delivery did with Uber. No one has any loyalty to the latest Chinese e-scooter brand or e-bike brand. You can buy a lot of bikes for pretty low investment overhead. The same as back when they were trying to get all the e-bike stuff off the ground in China. It's really hard to win a market,. because you have no Moat ofvery little moats.