I resigned from Rothschild to start a company
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Career Resources
Very cool man. thanks for posting
Thats actually a really cool idea and a nice post. Well done.
Great story! Currently I am in Singapore atm as well. Sent you a pm.
Woozy, although I love Singapore - it's my favorite city in the world, I am now living in Hong Kong.
I was just in Singapore again a couple of weeks ago, though. It is really a special place - every street is like a garden, the whole city is so beautiful and clean and relaxed, the food is amazing, and I actually like the weather there. I hope you are enjoying it!
Actually, I would like to go to Hong Kong instead lol. It seems like there are much more investment banking opportunities there as compared to Singapore.
Very interesting. How is Rickshaw different from Uber (I think Uber even operates in Singapore, if I'm not mistaken)?
Edmundo, Uber is in a similar space, but providing a very different kind of experience. Rickshaw is different because:
There are other nice differentiations, but these are the main ones.
Thanks a lot for answering my pm!
How did you get around legal issues (if any) in more regulated places like NYC? I thought there were pretty strict laws regarding who can offer taxi services here.
@stvr2013, On the regulatory side, it entirely depends on literally each local (often even town-level) jurisdiction. It is unclear how many town governments well really step in and try to stop a safe, voluntary and efficient market place for transportation that (1) provides convenient and pleasant self-employment to their local people, (2) provides more efficient transportation options for their local people, and (3) facilitates their local people connecting for a greater sense of community. The current taxi regimes in many cities (as repeatedly stated by the FTC) is terribly monopolistic and harms both drivers (who themselves as individuals end up earning less than half of their fares) and the passengers (who end up paying much higher prices, and who receive much lower quality service and are limited to far fewer options).
Furthermore, in the state of California, this type of transport system that Rickshaw facilitates is actually formally legal at the current time. The Seattle government along with several other local level governments have chosen to remain silent as they take the "sit-and-observe" approach to this new system of getting around.
On the pure safety side, which is related to some of the regulatory ideology, you can take a look at our website which has more detailed information, but a short overview would be (1) the passenger can always call the local taxi company right from the app and there is a database of nearly 1,000 local taxi companies all over N America, Europe and Asia Pacific with quite accurate pricing information, (2) Before accepting a ride, both driver and passenger can view the entire ratings history of the other party, just like you might view the ratings history of an Amazon seller or ebay seller, (3) the passenger can see clearly which drivers are certified and therefore have gone through more thorough background checks and interviews, (4) the passenger can also view photos of the driver's car, as well as the car's make, model, year, and license plate, (5) if any problem shall arise, there is an entire formal complaint interface built into the app; admin will be notified immediately when a complaint is made and the users can choose to even come to an agreed settlement to the dispute all within the app, (6) if there is a more serious problem, there is a much better chance that the perpetrator can be found as there is just so much more data and transparency in the Rickshaw system as compared to the normal taxi system, where you have never seen your taxi driver before and will never see your taxi driver again and probably would have a hard time even tracking down your forgotten luggage. It would be difficult for someone to evade the data trail after providing dangerous or even unsatisfactory or unfriendly service.
Love the idea. I used SideCar at SXSW and would thought the service was helpful. I'm curious to hear your advice on programmers - particularly finding the right ones when you don't live in a tech hub.
Didn't know that Singapore taxis earned the highest % of fare paid as their income lol.
@Woozy, Singaporean taxi drivers are doing quite alright, relative to international peers. Last year, there was even some discussion in the local media of one particular taxi driver earning SG$7,000/month, although many (including me) doubt the validity of this particular claim.
No offense, but it seems you were too focused on marginal monetary gain vs marginal career gain as you were staffed on mindless work.
If you were the #2 analyst in SE Asia, you probably would have been contacted by headhunters for top buy-side jobs. I understand that's probably not what YOU want to do, but other guys on here should know that the paycheck isn't everything.
Also, I think your app idea is fucking awesome.
@BTbanker Actually during my second year, Rothschild invited me to join their newly created US$300m PE fund up in China, which I did enjoy before the three co-shareholders decided to pull the plug on the whole fund and I returned to IBD in Singapore.
Of course the career gains (and skill gains, and general life experience gains) are extremely important, which I believe I mention in my posting above. However, I believe most people would agree that the work dynamics of IBD (particularly at the analyst level) are not particularly entrepreneurial, unfortunately.
thanks for a great post!
i am currently at the position where i am searching for programmers and will probably face some of the problems that you mentioned above
i would highly appreciate if you could write a 2nd part or something, addressing your last paragraph many thanks
@animalz I think this is a very important and very common problem faced by people who have a good tech idea, but are not themselves capable of technically constructing the idea. I will try to put together a good post addressing this sometime in the next month or two. Please let me know of any other particular issues you would like me to address.
Sounds like a walking liability. Some one is going to get a ride from one of your app users and be harmed in some way, and you will be sued. Get a good team of lawyers.
@CountryUnderdog My co-founder is a lawyer and she will be managing from our side if face any such issues.
In the meantime, I believe we have built a safer, more transparent, and more secure transport system than the current taxi systems in most cities. I have posted above on some of the safety points, but there are some additional points on our website. We take safety really seriously.
+1. Great post. This is very interesting.
What liabilities would you face if one of the rickshaw drivers ended up attacking a passenger (mugging, rape, assault, murder, etc.)? Do you have to get insurance for things like that?
@Dubya We are a communications platform which enables independent community members to better coordinate with the people around them in order to create a more efficient, safe, transparent and friendly market for transport
Drivers and passengers are responsible for their own actions. We have developed pretty robust system to increase the safety of both drivers and passengers, but it is up to individuals to make their own decisions. I have posted above several points on our platform's safety and there is some more on this subject on our website.
how much did it cost you to make the 2 versions of the app and how did you go about finding the programmer?
@cass - great questions. I will address these in a future WSO post. Please add here any additional questions you have.
Hello Asia_i_Banker!
Thanks for your post, it's nice to share your experience.
My question is more about IBD in Singapore.
How does it differ from London / New York? What are the demographics in the office, is everyone from the region? As a Junior (Analyst/Associate), do you need to speak an SEA language and/or Mandarin? Do you think a white European who only speaks English stand a chance at securing a position or not? Who dominates the market? I guess the BBs are way stronger than the elite boutiques in Asia?
Thanks for your answers.
Hey Asia_i_Banker, great move and App idea. I sent you a message on your website, look forward to meeting up.
I think this a cool idea, but I was wondering on how your value proposition differs from SideCar?
one thing i noticed is that side car more prominently promotes their background checks...which jurisdictions will you be doing that for?
@tom collins After a driver has achieved 20 reviews with an average review of 4 stars or more, they are invited to apply to become a Certified Rickshaw Driver. The certification process will entail a Skype interview as well as a background check which will include the driver's driving violation history and/or criminal record, depending on the driver's location. The driver's ratings history, history of ride cancellations, history of formal disputes on the Rickshaw platform, an interview, and further background checks will enable us to make a decision on whether or not to grant the driver Certified Rickshaw Driver status.
If the driver becomes a Certified Rickshaw Driver, an "R" icon will appear next to their name whenever they are bidding for a new ride and passengers will have additional confidence in accepting their bids.
If a passenger wishes to only accept bids from Certified Rickshaw Drivers, they can clearly see the status of each bidding driver and can always easily call the local taxi company right from the app if no satisfactory bids are received.
This is a great idea. Get it out on blackberry too?
@ky0ung Some ways Rickshaw is different than SideCar - Passengers immediately see the estimated cost of a taxi company (from our totally proprietary database of nearly 1,000 local taxi companies throughout N. America, Europe and Asia Pacific) and the passengers can easily call the local taxi company right from the app if they would like. If you take a trip to some town in Texas, Czech Rep, or New Zealand, there is a good chance that we can provide you an accurate price of a local taxi and give you the ability to call that local taxi company from the app, even if their might not be any drivers on the platform yet.
Passengers clearly see the price they are agreeing to prior to accepting a ride, and they can compare the offered prices to the taxi price benchmark. In other services, passengers only know the price after they have completed the ride.
Passengers can clearly choose their drivers based on the type of car they have, the proximity to their location, and their ratings history. Perhaps a passenger would also like to pay more to be picked up by a driver with a BMW and a 5 star rating, or perhaps a passenger would instead like to get a ride from someone with an older Toyota with a 4 star rating if it would mean a less expensive price.
Rickshaw's unique bidding system also allows better quality drivers who may have more expensive vehicles to obtain a price that is higher than a driver with a lower vehicle cost.
While I believe SideCar expects drivers to work in "shifts," Rickshaw allows each driver to set up notification settings in order to find out about new rides exactly when it is most convenient for them - perhaps right when they themselves got out of the office, which may also be when nearby people are looking for a ride. For example, you can set Rickshaw to notify you when any ride is requested within 5 miles of 85 John Street, New York between the hours of 5pm and 6:30pm Mon-Fri, or within 8 miles of your GPS location at that time between hours of 10:30am and 8:00pm Sat-Sun.
I believe that SideCar drivers earn 80% of the price paid, while Rickshaw drivers earn 85%
I believe that SideCar passengers can only pay credit card, while Rickshaw passengers can pay cash or credit card (some passengers just don't like using their credit cards online).
There are some other differentiating factors, although these are some key ones. You can take a look at my posting above for some examples of how Rickshaw is different from Uber, and some might be included with how we are different from SideCar. I have never actually used SideCar (or any competitors), so this is only based on what I have read.
Great post! See your post on facebook as well
What you said above is exactly what made me want to leave banking. I always wanted to see if I could build something that would make people's lives better. I've been at it a year, and hopefully that is what we are doing. I believe my banking experience was a great training ground for entrepreneurship.
Nice work. I'll definitely check out your app, although you may run into some problems where I'm based because I know that Uber has had a rough go of it. The taxi companies are lobbying hard against them. It's a great idea, and I think a number of aspects of what you've laid out are superior to Uber. I don't know why the existing cab companies deserve a monopoly just because they were there first. I always used to take the gypsy cabs from the airport when I lived in NYC to save time waiting in the cab lines.
My biggest concern would be how do you vet the drivers? I know that my wife would be afraid to just get into someone's car. What happens if someone gets kidnapped/robbed? The same could be said about a taxi in NYC or a scooter cab in Thailand though...for some reason a formal cab gets viewed as more respectable.
I look forward to your future posts.
P.S. You added the bit about Certified Drivers after I posted this...good idea. Hope you kill it!
Great post! I think herein lies the difference of business owner and paid employee! I currently am working in the mobile payments industry for a US MNC, I am at the early stage of my career but everytime i approach a problem, i try to think like a business owner. I think this will be good training for the future. All the best for your start-up. Technology FTW!
Isn't Rothschild in Singapore purely Debt Advisory? Was considering a move over before securing my current position.
@thecoldburns Debt Advisory is a part of Rothschild Singapore, but it is often integrated into the other areas such as raising debt for acqusition financing, together with the RTH M&A team, or raising debt for project finance, together with the industry/corp fin team. There are also "pure" debt advisory mandates, but Rothschild certainly does quite a lot of M&A, ECM, etc.
Very interesting. So the Singapore office also has an M&A team/coverage or is that based in HK?
Also, what is the likelihood of an internal transfer from the investment banking side to the private equity arm in Rothschild? Was the opportunity you recieved in China a rare case?
@thecoldburns Southeast Asia is a major region within Rothschild, just like Greater China is a major region. Within Southeast Asia, Singapore serves as the main hub of bankers and is fully capable of M&A, ECM, DCM, and general corp fin advisory. There is also a private banking team, although of course that is a different entity behind a wall.
The chance of transferring to any RTH-related PE is very small. The PE that I was invited to join was short-lived before the shareholders decided to close it down. RTH is very focused on advisory and does quite well with this. If you are interested in moving to PE, there are a lot of ex-RTH bankers who move into great positions at other PE funds.
Cool, thanks a bunch. I'm currently in PE and located in Singapore right now. Just wanted to know what I would have missed out with Rothschild.
Congrats on Rickshaw, very apt name that would resonate here in Asia. The proprietary databse looks like a massive project. Did you start working on it only after you left Rothschild or you had plans way before hand?
This story is awesome on so many levels.
So anyone can become a de facto taxi driver without a license?
@Firefox All drivers must have a valid drivers license and upload a photo of their license during driver registration. We then check the drivers license to see if it matches with the other registration details provided. Also, these are community drivers, and not "taxi" drivers. Just like AirBnB connects you with community hosts rather than "hotels"
Gave a SB for the story.
Funny that you mention AirBnB, because I was one of the early haters on AirBnB and I've since eaten a fair amount of crow. Their growth has been pretty astounding, and none of the gang rapes/dismemberment/human centipede experiments that I predicted have come to pass. I like being wrong about shit like that.
Even before AirBnb, I remember hearing about Couchsurfing (https://www.couchsurfing.org/) and I was shocked that people would actually go and sleep on some stranger's couch. I thought that - surely - people would wake up with missing kidneys - i mean you are putting yourself alone in a stranger's living room at night.
However, when I was traveling in Indonesia, I met several couchsurfers and the whole thing appeared to be working great - the backpackers were really connecting with the local people who were really showing them the local scene in a way that would not be accessible if you were staying in a backpacking hostel.
Couchsurfing has been going pretty strong among the young backpacking community and as you know the more high-end AirBnB has been doing spectacularly. I think we don't give our fellow humans enough credit for being genuinely friendly, responsible, and hospitable.
Actually - even further back in time - do you remember when eBay came out? At that time, nobody would expect someone to actually pay money for some used stuff sent from another person in Oklahoma. Or even further back, when people started buying anything online at all from any website, most people were extremely cautious. But times change and people realize that these new transparent markets make their lives a lot better.
A+ interested to know about how you got the developers. Lawyers and bankers are easy to find when you work in Finance. Developers.. not so much
Interesting business in a relatively crowded space, although I have yet to see many companies focused on SE Asia markets. Either way, it will be interesting to see how you compete against Uber/GetTaxi/Flywheel/Hailo/Sidecar/Lyft/Ridecharge/Groundlink. Obviously not all of these are direct competitors as you're using a P2P model, but many of them could potentially move into your space (and are considered alternatives by consumers).
Also, as a side note I'm sure you already know this, but charging riders and paying "community" drivers is illegal (at least in many parts of the U.S.). To give you some more color: Sidecar launched in San Francisco, they deal with California law. Under California Penal Code 654.1, it is illegal for anyone to sell transportation or rides without the appropriate credentials (i.e., taxi license) from the state of California, Public Utilities Commission, etc. Sidecar gets around this regulation by operating under a system of voluntary payments or donations. As such, technically they aren't "paying" community drivers and therefore are "legal". Obviously, ride-sharing is a relatively new concept and regulations are still changing so there is definitely a chance regulation is not as much of a threat in a few years.
My VC has considered investing in many of these companies (and still is) and I've had a chance first hand to see their pitch decks/metrics/speak with CEO. Let me know if you want to chat sometime (PM me), would be interested to hear how you guys are doing.
@brutalglide Yes, it is a very active space and becoming even more crowded, however the vast majority of the players are near replicas of each other, simply focusing on different local geographies with the same exact model.
I have not yet seen any other player approaching this problem like we are. I, of course, believe that we have the better approach, but in the end it comes down to execution.
As for your point on the regulatory front, I believe that under the current view of CA state law, even Rickshaw would be technical legal. In other locations, as you may know, the local governments have simply looked the other way. In some other locations, the taxi lobby is fighting hard. However, I believe that the power of the taxi lobbies will not prevail in the medium term since a system like Rickshaw would be much better for the local people who elect the local government officials. Already, these taxi monopolies are coming under significant fire by competition authorities, passengers, drivers, and more recently from some of the better financed transport apps which are breaking the door down for the industry in general.
Also, while we are launching first in the US, our key focus markets will not actually be in the US, but will instead be in some select other locations which are more culturally used to the idea of "unofficial" taxis.
As for the payments issue, this game that SideCar and Lyft are playing with "donations" is, of course, very thinly veiled payment for service. I believe the donation system is less good for both passengers and drivers and I am sure it will not stay around for too much longer. I believe Rickshaw's approach to pricing through a bidding system, supplemented by an accurate taxi price benchmark, is far more transparent and better for the whole community.
one of the best posts ever
Loved the post! And yes, please expand more about how you got into a tech business, how you found your reliable programmers, legal issues, etc.
First of all, I would say this is a great post. I especially agree with you about the enthusiasm of starting a new business idea and implementing it, which I am currently experiencing it as well. I notice that you have been mentioning Rothschild as one of the better investment bank to work for, but I would love to hear your insights. For example, how is it different to work for Rothschild than other investment banks?
At first I thought that this was a Wall Street Oasis spoof on the article about me on Going Concern earlier in the week (Leaving Job to start a Company & Rothschild vs. Rothstein) http://m.goingconcern.com/post/farewell-email-auditing-til-very-end
Good luck, you are entering a very crowded market!
Alright, thanks for explaining. It seems like a great idea, best of luck.
Great post Jonathan! Check out Car2go, it might give you some inspirations. I am thinking about building an app this year, it would be great if you can share some insights in how to find programmers etc.
Jon,
Thank you for sharing this and the subsequent follow up replies. This has been very helpful for a majority of us who have worked in a similar role like yours in IBD and want to follow through on an entrepreneurial passion of ours. I've been around WSO for a while but don't post frequently, so I can't directly PM with my questions. My main questions would surround finding engineering talent given your background in Finance (as they say - finance knows finance people, engineers know engineers, but the two disciplines rarely cross paths)
I would like to know how you came about implementing the idea, especially given its technical nature and focus on the app development side. Since 99% of us on WSO have a good background in finance, it is often the engineering/technical expertise that we lack which prevents us from starting something. I have been tweaking my business idea around for over a year but lack of engineering talent has prevented me from taking the next step.
Thanks for your time.
@cavdaily Thanks for your questions. I will put together a good posting in the next one or two months outlining some practical methods you can use to find programmers and manage the development etc. As for the crossover from finance to tech, a lot of the (actually really important) soft skills are still there, such as attention to minute details, dealing with a lot of data, and of course, hard work.
i am also planning to start my own company , your experience and recommendations which you have shared here will help me a lot for doing it .
How much computer programming/application development experience did you have before this? If none, did you just hire people to do the dirty work while you gave them the formatting and ideas and maintained the business end of the company?
Good question - I will address this in my next post
I live in Singapore and now knowing I have an option rather then dealing with the incopentant taxi drivers Excites me. I will give it a go and let you know my thoughts if you are interested in feedback. Good on you for going out on your own. Good luck
@Robb9 Thanks a lot! Currently we are only supporting USD transactions and only in the US, however we have already built the international version (including SGD compatibility) and are currently just testing it before probably releasing the international version next week. You can go ahead, download the app and register, although we have not yet officially rolled out in Singapore yet.
We are curious whether or not we can make a market in Singapore (and Hong Kong), where transport is already so widely available and quite cheap, and where individual car ownership is extremely expensive. Still, I have a lot of personal experience waiting for 1 HOUR + for a taxi from One Raffles Quay on Friday nights. Even on other nights, it can sometimes be really difficult to get a taxi from ORQ when demand peaks.
Rickshaw, on the other hand, tends to work well during demand peak times, since that is actually when we see our supply peak, as more of our drivers are, themselves, getting out of the office and are available to provide rides to the other people who are also getting out of the office.
interesting idea, but - in China, it's illegal for ordinary people to be a paid driver like Taxi without the permission of govt. You can easily find tons of cases in the internet talking about this issue. Some Chinese policemen even pretended to be "passengers" to pay those friendly drivers and then arrested them. Ridiculous, but true, it's called "钓鱼执法" if you could read Chinese. Chinese taxi markets are highly regulated, and hope you could find a way to step away from those legal issue. Anyway, good luck!
@ConsolationFS China will probably be the most interesting market for us. If the local governments actually wanted to crack down on the many many vastly overpriced and untrustworthy 黑车 that are freely and openly operating at any train station, airport, etc. they could easily do so. As you may know, even in many Beijing suburbs, 黑车 are often the standard mode of transport since taxis are just unavailable. In Shenzhen, even the standard taxis sometimes operate like 黑车, scalping and negotiating for prices many times the actual fares.
I agree that this may be a grey area, but 因为中国很多城市现在的出租车不能满足市民出行需求,因此中国国内的黑车市场非常大。但是这不仅仅是现在暂时的问题或者是中国的问题,即使是像伦敦这样发达国家的城市也有很多黑车。黑车的问题在于黑车的运营,价格,司机信息及其他信息是完全不透明的,但是我们的Rickshaw(中文名字是”立刻到“)是更加透明,公平,便宜,方便及友好的。
我们将很快在中国大陆发布,我们在“立刻到”的中国大陆版本中完全嵌入了支付宝的支付功能。请发给我PM,告诉我您的电子邮件地址,我将在"立刻到"的中国大陆版本发布之时即时通知您。
So.. with your new company, what's your compensation?
@seville When I was an investment banker, I certainly earned enough compensation that now, compensation is not what I am thinking about.
You can be employed by other people, or you can employ yourself. When you employ yourself, you will feel infinitely more happy with any dollar you earn.
I guess if we look at it in the long run, your margin will be much higher. Good luck to you and your company!
Thank you for the posts, Asia_i_Banker.
Do you think you could have started Rickshaw if you did not do a stint in IB?
definitely interested in the follow up post about starting a tech related business. Thanks for the post!
Thanks for the post! I am a uk uni student coming from Hong Kong, I wake up with passion and I sleep with my dream, too!! I hope one day I can find a working place like yours, maybe Rothchild~ (I first heard it in a book called Currency Wars lol)
I just wanted to say great idea! I had actually heard about the app a while back from a friend! It's an awesome plan and clearly successful, so great job!
Also, this post was one of the headlines on Business Insider! Nice!
Awesome posting. Like you said, I am interested to know how you find programmers and get through the various practical challenges. Would appreciate if you can keep me posted for future postings.
Inspiring story! I'm among the 90%+ to consider quit...
Great story mate!
I am doing something very similar after living in all areas of the Finance EcoSystem (IB, PE, AM, Corp Fin) and I can echo the senitments of this article. I used to dread more things showing up in my inbox; now I welcome them. While my company is still in the finance space (translations, interpretations and cross-border business), it is much better than working 100+ hours a week.
Best of luck OP.
Thanks for sharing man!
@Asia_i_Banker- Has the conversion process using the Android to BB tool been a smooth one? I'm anxious to see whether or not the Android to BB ports will have the same level of functionality and stability that they do on their native platform. I've heard results are mixed, and while many of the apps in the store are Android apps, they aren't necessarily the best. I hope things go smoothly for you on this front, because I really want to see a BB version of the app.
@TDSWIM I believe some of the more graphical apps have faced problems, however ours is actually quite simple (from the front end, interface perspective), largely based on text, with some specific embedded images and APIs. The complicated stuff for Rickshaw mostly happens on the back-end, which is not specific to Android, iOS, etc.
We will hopefully be able to let you know how the conversion goes sometime in the near future after we complete the current Android update.
Are you in Canada? One reason why we will be doing the blackberry conversion is to help us out in that market (also, i am canadian, so i personally hope that blackberry can succeed :-) )
I'm not Canadian, but I think not being able to pull the battery out of an iphone is too big brotherish/1984, and the security issues (maybe just my perception and not reality) with androids turns me off. Plus, I like a keyboard and have been using Blackberries for a long time. Mine have all been too reliable to ditch them over a couple of apps.
I was telling a friend who got a DUI and a suspended license for a year that she should start using Rickshaw to find rides to work. Is there much of a user base in US cities yet?
Awesome job. Looking to do this sometime in the future too. Also curious if you had any technical background as well (I was Econ / CompSci and am thinking if I myself would be the one programming, or if it's better to simply manage).
Great post, like everybody else I am interested in hearing about how to find programmers/engineers. I used to make daily "idea lists" as you did for how to solve issues in the world; frequently had an excellent idea but literally 0 technical knowledge to execute it. I will certainly be looking out for your future post on this topic!
FYI to All: I have now published my follow-up post on "How to Make an App if You Only Know Investment Banking"
You may find it here: http://www.wallstreetoasis.com/blog/how-to-make-an-app-if-you-only-know…
We have now accumulated a good base of drivers and passengers, but are currently experiencing the issue of thin or imbalanced user numbers in individual local areas. Because of this, we are amid a pivot of how we are approaching business development and are now recruiting local partners to be responsible and incentivized for developing and managing local Rickshaw communities. Ideally, but not necessarily, these local managers would be current university students. Please let us know if you are interested in discussing this role. You may send us an e-mail at [email protected]
Did you see this? Lyft just raised $60 million from Andreeson Horowitz:
http://www.theverge.com/2013/5/23/4357666/lyft-international-expansion-…
Maybe we'll see a Seemless+Grubhub move some time in the future.
Is that a joke or did you not see this a few days ago:
http://money.cnn.com/2013/05/20/news/companies/seamless-grubhub-merger/…
Yes, I am certainly following the movements of my competitors while also trying to get Rickshaw up to speed as fast as possible.
I believe that the Rickshaw platform is a better platform than theirs, but now that we are a bit later to the game, we have to move quickly and efficiently. It is at least good that their success does reflect well on the prospects of the community transport space.
Meanwhile, in the past several days we have signed contracts with local partners in Philadelphia, Sydney and Brisbane and we hope that by as early as the end of next week we would have signed local partnerships with people in 10+ cities.
These local partners are focused on developing and managing passenger and driver bases in their particular location.
If anyone is interested in discussing a local partnership role with us, please send us an e-mail at [email protected]
Great read. Thanks.
In another thread you wrote that you are back in IB. What eventually happened to your start-up would be an interesting read.
Dear Asia_i_Banker,
I am a Canadian student who was born in MY and has families in SG, MY, HK, MC and TW. Currently, I am looking at SA opportunities in Asia and am interested in having a career there in the future. I understand that Asian experiences are often discounted in NA. I am just curious if you can provide your views and opinions on how Rothschild's SEA offices (SG and MY) compare to those in GC (HK, BJ, SH, TW), and whether you think it is better to intern in NA for the experience.
Thank you so much!
happyivey
Hi OP,
I just read your opening post and firstly, let me say congrats on taking the steps to make your dream a reality.
I am currently working in Finance in HK and I've been thinking about quitting for a while now. If you are still in HK, it would be great to meet you for a drink and hear more about your "tipping point".
P.M me if you are still in HK.
Good post.
great idea!
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