Zipcar Continues To Make Noise

October 1, 2009

If you live in Boston, New York, Seattle, San Francisco, Chicago, or even London, you’ve probably seen cars driving by you with a big green Zipcar logo on the side. They are popping all over the country, and their name is making the headlines.

Local Cambridge, MA company Zipcar has recently launched an Iphone App to continue their growing buzz. Make a very simple customer experience even more simple. They started off in Boston and have now branched out into 49 cities U.S. cities. It is an amazing concept that has spawned a growing amount of competitors as well. Even companies like Uhaul & Hertz have started trying to get into car rental by the hour business, but Zipcar is the leader in that market hands-down. They landed their first round of early stage funding from Benchmark Capital, a venture capital firm located in the Silicon Valley. In only 10 years, they now have multiple venture capital investors on their team and an IPO buzz leaning towards 2010. It’s very apparent that these multiple rounds of funding have helped them grow into an industry giant, and everyone is waiting to see how the company’s exit strategy unfolds. Some companies are firmly against raising venture capital, while others are more open-minded to the idea. If you have a great idea, and are not opposed to raising capital, you too could grow your business to a level that exceeds your initial expectations.


Former Research Associate at OpenView Venture Partners, Glenn Michael is now the Founder of <a href="">Key of G Clothing </a> and the Director of Operations of Studio 52.