The Best One Yet 🚌 “The Tesla of School Buses” — Zum’s $1B e-Schoolbus. Norway’s huuuuge wealth fund. 23&Me’s riches to rags story.
Feb 1, 2024
Zum reinvented the school bus and achieved a $1.3B valuation. 23&Me pioneered the home DNA test but faces bankruptcy. Norway's sovereign wealth fund owns 2% of world's stocks and had a record year.
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Zum's School Bus Disruption
- Zum's electric school buses are being used by 4,000 schools across several major US cities.
- However, they face challenges in hiring drivers due to strict licensing and employment regulations.
Speed Bumps in School Bus Disruption
- Disrupting school transportation differs from taxis due to regulations and child safety concerns.
- Strict requirements for drivers create hiring challenges for companies like Zum.
23andMe's Decline
- 23andMe's stock dropped 98% after reaching a $6B valuation.
- The company's founder, Anne Wojcicki, used unique marketing tactics like "spit parties."