Guillermo Cornejo, Riders Share - Riders Share Is Like An AirBnB, But For Renting Motorcycles | #330

The Meb Faber Show - Better Investing

The Idea Farm

Business, Investing, Management

4.7 • 938 Ratings

🗓️ 19 July 2021

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

In episode 330, we welcome our guest, Guillermo Cornejo, founder and CEO of Riders Share, the first & largest motorcycle peer-to-peer rentals platform in the United States. In today’s episode, we hear why peer to peer rentals for motorcycles works even better than for cars! Guillermo walks us through what it’s been like to build out the marketplace and get both supply and demand. Throughout the entire conversation, he focuses on the importance of risk management, whether it’s through insurance, verifying renters have motorcycle licenses, or avoiding theft of the bikes. As we wind down, we hear what the future of the company looks like as Guillermo considers expanding to Europe. Please enjoy this episode with Riders Share’s Guillermo Cornejo. ----- Follow Meb on Twitter at @MebFaber ----- Today’s episode is sponsored by NordVPN. NordVPN strives to make the internet better than it is today. It can be free from online threats, censorship, and surveillance. What started with a single VPN server is now one of the most trusted internet security providers in the market, serving over 14 million users worldwide. Visit www.nordvpn.com/meb for 73% off of a 2-year plan plus 4 months free. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Welcome to the Mebb Faver Show, where the focus is on helping you grow and preserve your wealth.
0:11.0	Join us as we discuss the craft of investing and
0:13.5	uncover new and profitable ideas all to help you grow wealthier and wiser.
0:17.2	Better investing starts here.
0:18.8	Met Faber is the co-founder and chief investment officer at Cambria Investment Management.
0:23.3	Did it industry regulations, he will not discuss any of Cambria's funds on this podcast.
0:27.2	All opinions expressed by podcast participants are solely their own opinions and do not reflect the opinion
0:31.1	of Cambria Investment or its affiliates. For more information opinion of Cambria Investment Management or its affiliates.
0:33.4	For more information, visit Cambria Investments.com.
0:39.6	Welcome, podcast listeners.
0:40.9	Today we have another episode in our podcast founder series where we
0:44.7	invite kick-ass entrepreneurs to chat about their experiences from the front lines of
0:49.0	starting a company. We cover everything from newly minted startups still struggling to make it out of their garage
0:54.4	all the way to the elusive unicorns that are either transforming traditional business sectors with innovative ideas
1:00.5	or creating entirely new ones through cutting edge technologies.
1:04.0	Either way, the result will be total catastrophic failure in bankruptcy,
1:08.0	or hundreds of millions of dollars of revenue,
1:10.0	and evaluation worth north of a billion dollars.
1:14.0	Listen in to hear the tales of blood sweat and tears
1:16.7	as these founders try to change the world.
1:19.2	As a disclosure reminder, I've invested in most,
1:21.7	if not all of these startups and will look to invest more as they
	...

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