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Avis to Acquire Car Sharing Service Zipcar for $500M

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vtlambo

vtlambo

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I remember reading about Zipcar a while back about how two mothers started it with less than $100 in the bank. They sold their company for $500M today.

Car-sharing service Zipcar Inc. ZIP +48.36% changed the car-rental business, but its hourly rentals to young and more urban customers proved a lousy business.
Click to expand...

Avis to Buy Car-Sharing Service Zipcar - WSJ.com

A bit on Zipcar:

Zipcar founders Antje Danielson and Robin Chase, both 42, met when their children attended the same kindergarten class. At the time, Chase, a stay-at-home mom who had a master's degree in business administration, wanted the flexibility that came from having her own business, while Danielson was looking into how other countries reduced car trips for a Harvard energy-research project.
Click to expand...

Zipcar: Two Moms, a Business Idea and $68 in the Bank | Entrepreneur.com
 
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Stop Peeking Through the Keyhole.
Open the Door.

You hit a wall because the best advice isn't free—it's earned. Since 2007, MJ DeMarco has been active here daily (99.9% active rate), building a war room for entrepreneurs who refuse to settle for mediocrity.

  • Active Daily: Life-changing content posted dozens of times every day. No dead threads.
  • MJ's Inner Circle: Direct access to the author of The Millionaire Fastlane.
  • Vetted Network: Connect with founders scaling to 7 and 8 figures.
  • Proven Roadmaps: Strategy over motivation. Execution over "hustle porn."
"SCALED TO 6-FIGURE MONTHS"
"Tips and advice here saved me from huge mistakes, others allowed me to scale my business to 6-figure months."
— User MitchC
"INSANE QUALITY OF PEOPLE"
"The number of high quality people I've met from this forum has been insane. All of it predicated on building real value."
— User Richard Peck

"You are the average of the five people you surround yourself with."
Are you surrounding yourself with success?

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