“The plan is definitely to take the company public when it makes sense so our drivers can actually get something out of these [shares],” Marco said. Ride-hail platform , Juno was launched in New York in February this year, promising to take on Uber by being a “fairer, more equitable alternative” and offering equity to anyone who drives for at least 120 hours on the app per month. The company has already raised $45 million from investors including Andreessen Horowitz, General Catalyst, Kleiner Perkins Caufield & Byers, and Union Square Ventures. Additionally, drivers will still only have to give the platform 10% of their fares, less than half the 25% claimed by Uber and Lyft, and have the chance to become employees if they work exclusively for Juno, or continue as independent contractors if they want to spread their working hours across other platforms.
Ride-hail platform , Juno was launched in New York in February this year, promising to take on Uber by being a “fairer, more equitable alternative” and offering equity to anyone who drives for at least 120 hours on the app per month. The company has already raised $45 million from investors including Andreessen Horowitz, General Catalyst, Kleiner Perkins Caufield & Byers, and Union Square Ventures. Additionally, drivers will still only have to give the platform 10% of their fares, less than half the 25% claimed by Uber and Lyft, and have the chance to become employees if they work exclusively for Juno, or continue as independent contractors if they want to spread their working hours across other platforms.