Aparna Srinivasan (founder of Spot On) recounts how investor Jillian Manus offered to invest $25,000 into Spot On before her legal team flagged a portfolio conflict of interest.
“She said, I'm going to invest. I want to put in 25,000. So everything was all set. I was just waiting for her to sign the documents. She said she was sending it to her legal team so they can review it really quick. We were all thinking, yay, it's a green light. Let's go. A couple of days before we were supposed to close, she came back to me and said, I just heard from legal. And there seems to be a conflict of interest.”
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More from Aparna Srinivasan
AssertionNot checkable as stated
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“So we are actually the most profitable ride hailing company in New York City.”
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“So currently we're not on demand. We have a two hour booking window, and that's because we have to get enough drivers on our platform in order to be on demand.”
Srinivasan: Spot On Can Coexist With Uber Like Chewy Did Amazon
“If we think about it, Chewy.com is in the world of Amazon. They're doing amazing. Rover is in the world of Airbnb. So if those guys can do it, then yeah, Spot On has a space in Uber and Lyft's world as well.”
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