Tuesday, December 6, 2011

Welcome

What the heck is Rideshare?
Well, Rideshare is a dynamic, adaptive, user-directed, market-based, mobile-controlled carpooling service with a critical mass requisite and a positive social externality.
Huh?

Sorry. I get carried away. Basically, Rideshare is a cheaper and greener way to get to work.

The average corporate commute in Los Angeles is about 20 miles. That’s 20 miles per trip, 2 trips per day, 250 days per year on average. Add on parking expenses, the extra gas and time you spend idling in highway traffic jams at rush hour in non HOV lanes, commuting daily is very costly. With gas prices steadily increasing 11% year, gas prices approaching $4 per gallon and parking in Los Angeles at anywhere from $7-$20 per day, the average L.A. worker can easily spend over $6400 per year, or $500 a month just getting to work. If you add on your additional car payments, insurance, and repairs…..well, it’s a lot of money, is the point.

Rideshare can’t quite reduce the cost of the trip to zero, but we can make a significant dent in the financial expense, as well as making the trip more enjoyable and more socially and environmentally responsible, and all while getting you to your destination faster.

Rideshare is a carpooling service. It is a network of daily corporate commuters who travel to and from the same places every day to get from home to work and back. By putting at least two people in every car in our service, our customers gain access to California’s HOV lanes, allowing them to travel faster, while cutting in half the cost of gas, parking,  etc.  And our service is cheap. Shared cost of commute is based on IRS mileage* between the driver and passenger. Rideshare aims to keep costs for its core tier of service, i.e. a 40 mile per day round-trip commute from $5 to $10. This translates to a savings of more than half the cost someone would pay to travel that distance themselves and have that extra time for yourself. And they get there faster. To say nothing of the benefits to the environment from reducing the number of cars on the road.

Over the next few days, we will be running a “Meet Rideshare” series of blogposts to familiarize everyone with our business model and plans for operation. We will look at each of the participants in our business and how they can benefit from our service. You can also check back here periodically for updates on free trials, expansion plans, and more.


*IRS mileage allowance of $0.55

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