RelayRides Investor’s Plan: Buy BMW Roadster, Rent It to Strangers, Come Out Ahead
May 29, 2012 - All Things D
As a venture capitalist at Shasta Ventures, Rob Coneybeer invested in RelayRides, the marketplace that allows complete strangers to rent each other’s automobiles. Now he’s placing a second bet on the San Francisco company. Over Memorial Day weekend, Coneybeer plunked down $10,250 on a 2001 BMW Z3 2.5i high-mileage roadster, with the sole purpose of trying to make money on RelayRides.
Meet your neighbors, if only online
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