US peer $200m valuation

Thanks for your analysis on the other thread FF.

Most of you would know what follows but thought I would put it in a fresh thread as it's about CL8's US peer.

Today I'm seeing why you have all been gaga about this $5m company. Technically it's a buy and fundamentally it's suited to the SMSF ie longer term hold :

This is CL8's US peer:

https://www.getaround.com/

http://blogs.wsj.com/venturecapital...-getaround-fuels-up-at-200-million-valuation/

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Private investors have plowed well north of $2 billion in recent years into startups seeking to disrupt the transportation sector.​

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Venture capitalists, hedge funds and strategic investors just can’t seem to get enough, whether it is used-car marketplaces like Beepi Inc. and Shift Technologies Inc. that allow people to purchase cars with their smartphones, ride-sharing companies like Sidecar Technologies Inc. and BlaBlaCar SA and ride-hailing services like Flywheel, Lyft Inc. and behemoth Uber Technologies Inc., which has raised more than $1 billion on its own.​

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Now, automotive giant Cox Enterprises is joining the fleet, leading a $24 million strategic round in Getaround Inc. at what Venture Capital Dispatch has learned is roughly a $200 million valuation.​

And the way Uber's valuation has been growing almost exponentially, I wouldn't be surprised if Geraround's $200m valuation from November is double that now.  With Australia having 10% of the population of the USA, of course it would be wrong to think of valuing CL8 anywhere near $200m or $400m or whatever........but $5m for a company that has first mover advantage here in Australia???

An interesting research paper which covers insurance matters as well as P2P car hire

http://www.assuredresearch.com/Insurance_in_the_Sharing_Economy.pdf