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On Demand Valet

topic on 1 show · 2 statements across 1 episodes

How I Built This

2 statements about On Demand Valet, every show

HOW I BUILT THIS Insight
Why on-demand valet parking startups fail on basic unit economics
“There was a thesis that, well, if you park the car farther away, you can get an arbitrage, and especially in New York City, it's, could be a hundred dollars to park in a specific area, but it's only, you know, 15 dollars, you know. A couple of streets over. Bu…”
Mark Lawrence Mar 10, 2025 ▶ 50:19 SpotHero: Mark Lawrence
HOW I BUILT THIS Disclosure
SpotHero's board voted to pivot into on-demand valet parking
“And there was actually a vote to pivot the company to be on-demand valet.”
Mark Lawrence Mar 10, 2025 ▶ 49:39 SpotHero: Mark Lawrence

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