Wednesday, November 30, 2005

zipcar is freakin' sweet

flexcar, apparently, is not.
ZipCar says it first broke even in 2004 and is on pace to more than double its revenue to $15 million in 2005, from $7 million in 2004. The company had revenue of $4 million in 2003.

Flexcar is not yet profitable; officials declined to provide revenue figures. Mr. Case likened the company to a young AOL and predicted that it could have a million members by 2010.

"We have a business plan, but I am not focused on short-term profit," Mr. Case said during an interview in his office here. "That's part of the reason why I funded this through my own capital. We are not in a build-to-flip mode. We are in a build-to-last mode."
yeah, mr. case, those grapes were probably sour anyway.

No comments: