Monday, August 12, 2013

Hailo has $30 million dollars they got from Union Square Ventures. Fred Wilson I think someone got played.

Hailo saya that only around 9000 taxi rides a day are Hailo rides worldwide. They claim 23000 London cabbies are with them. That might be because they gave out nice sign up premiums which were paid for by Fred Wilson, but putting the hype aside they don"t use Hailo much.

The New York Taxi and Limousine Commission just put out a report that looks really not good for Hailo.   You can find itserve their priz at the NYT.  Let's see if they piss away more of Friend's money on taxi drivers sign up prizes and passenger discounts before reality bites.

Hailo Is a bad accident waiting to happen. New York City taxi drivers deserve their prizes for risking their licenses for Hailo and Fred Wilson.