Luxurylatte's Block

Leap Transit, the startup that served fresh-pressed juice to commuters on its luxury buses, has filed for bankruptcy. The company could identify more than $129,000 in owed back wages and other claims, but it had a long list of creditors and investors that it had to notify about its bankruptcy. The critics in San Francisco claimed it was just another way for rich techies to get to work — the city already has an extensive network of commuter shuttles. A city supervisor reportedly called it a “crock of s—” and criticized it for creating a two-tier transit system in the city when it first launched in 2013. The high-end line of buses were equipped with Wi-Fi, coffee, snacks, power outlets, and leather seats. The company attracted money from some of the top venture capital firms in Silicon Valley, including Andreessen Horowitz, SV Angel, and Salesforce CEO Marc Benioff. When Business Insider reporter Matt Weinberger rode it during the first week, the Leap “attendant” on the bus said that it had already changed its stop locations twice after the bus blocked a homeowner’s driveway and then a convenience store. Given free rein to choose my seat, I sat down at what looked like the counter at your everyday coffee shop and sat on the leather stool, facing the window so I could watch the masses not on a private bus go by.

Source: Leap, the luxury San Francisco commuter bus, is bankrupt and selling its buses for $5 each – SFGate