Contents:

    I can’t say I was surprised to hear that Juno shut down recently. They offered a lot to drivers and really seemed to do their research, but ultimately it wasn’t meant to be. Today I’ll be talking about Juno as a case study – what happened, what went wrong, and what we can get out of this whole process.

    If you’d like to read a transcript of this podcast, please click here.

    doordash


    ————————————————————————————————————

    Earn Free Gift Cards For Uploading Receipts

    Fetch Rewards is an extremely popular cash back app that is growing like crazy right now and this app offers plenty of opportunities to earn cash back on everyday things you buy from ANY store. Sign up here or read our review.

    Get started as a gig worker today! Learn more:
    - Is driving for Doordash worth it?
    - Postmates Driver Pay
    - Instacart Shopper Pay
    - Uber Eats Driver Review
    - Best food delivery service to work for
    - Rideshare insurance

    ————————————————————————————————————

    Intro

    • Today I’ll be chatting with Alison Griswold of Quartz on Juno
    • Covering the sharing economy for as long as I’ve been around!
    • Thanks to George Grama – interviewed him before
    • He white-labels rideshare apps – if you’re interested in starting your own rideshare company, reach out to me: harry [at] therideshareguy.com and I can put you in touch with him!

    Intro to Alison Griswold

    • Alison Griswold of Quartz, covers the sharing economy
    • Runs a newsletter on the sharing economy called Oversharing
    • Typically used Via in NYC (but usually uses public transit!)

    Juno – The Beginning

    • Became aware of them in 2016
    • Started in beta mode – much lower commission than Uber and offered a higher wage
    • Subsidized on rider side
    • Skeptical early on of their chances – how long could this all last?

    Were Drivers Happy with Juno?

    • Overall, they were!
    • RSUs, no shared rides, better pay for drivers
    • Drivers felt they were getting a share of the company

    Where Did it All Go Wrong?

    • Did it really go wrong? It all went right – for Juno
    • Juno owner had a pattern of identifying market opportunities, creating a competitor in the space, and then turning it over for a profit
    • Juno sold to Gett in 2017 – deal reported around $2M
    • Drivers lost their stock options

    Takeaways from Juno’s Exit

    • Initial branding is very important
    • Uber and Lyft copied a lot of the features Juno had
    • Can a driver-friendly company really unseat Uber/Lyft?
    • Yes! Barriers to entry are not high

    Outro

    • Appreciate Ali sharing her expertise as a reporter – she’s doing important work!
    • If you have questions about Juno, reach out!
    • And if you want to start a rideshare company, contact me: harry [at] therideshareguy.com

    Show Notes

    Harry Campbell

    Harry Campbell

    I'm Harry, the owner and founder of The Rideshare Guy Blog and Podcast. I used to be a full-time engineer but now I'm a rideshare blogger! I write about my experience driving for Uber, Lyft, and other services and my goal is to help drivers earn more money by working smarter, not harder.