Toronto doesn't like electric scooters. Something about them being dangerous. But here are some interesting statistics for France, which has apparently become the leading scooter market in Europe:

• The Fédération des Professionnels de la Micromobilité (FPMM) -- yes, this exists -- estimates that there are about 2.5 million regular scooter users in France.

• In 2021, about 900,000 units were sold in the country, which represents a 42% increase compared to 2020.

• Sales directly to users is outstripping the revenue from self-service operators such as Lime, Bird, Dott, and Voi. Current annual estimates are in the range of €310 million and €40 million, respectively.

• About 50% of scooter sales are happening at grocery stores, compared to 30% at other retailers, and 20% online. (This is kind of interesting. I wonder if people are impulse buying while shopping for food.)

I am a big fan of electric scooters. And all of this suggests to me that scooter adoption is likely to continue, that we are going to need to start thinking more about how best to incorporate them into our cities, and that eventually Toronto will have to stop being so conservative.

I have been reading Fred Wilson's blog for over a decade now (and he has been blogging for almost two decades). A lot of the time it is about venture capital and tech, but similar to what I do here, it can be about almost anything. Today he wrote about the two weeks that he just spent in Paris with his wife (the Gotham Gal). And the post covers everything from real estate to relationship advice. But here are two points that will be particularly relevant to what we usually talk about around here:

• Paris has done an excellent job of prioritizing cycling and building a ton of new lanes over the last number of years. We know this. But another good point that Fred makes is that Paris has allowed competition in their micro-mobility ecosystem. It started with Velib, but now you can also use Dott and Lime. The last time I was in Paris I used Lime bikes and scooters, mostly because I already had the app and because they were everywhere. Competition is good and Toronto should probably allow the same. Our bike share system -- specifically the mobile app -- is incredibly cumbersome to use, and the last time I checked most of the e-bikes were consistently out of service. Let's see if someone else can do a better job. We should, of course, also add scooters to the mix while we're at it.

• Next, Fred describes Paris' real estate market as being more "stable." And by this he means that, for whatever reason, values and rents seem to be more moderated. This has some benefits. Restaurants and other retail businesses seem to stick around for decades, whereas according to Fred, "it's hard to find a shopping street in Manhattan that doesn't have multiple vacant stores". I'm not exactly sure why this is the case in Paris (assuming it is). I don't believe that they have any sort of vacant store tax. Though they do have a tax on unoccupied homes. Maybe this is just what happens when you're a little less capitalistic. (This is me deliberately avoiding the term socialism.)

If any of you have more insight into the real estate market in Paris, I would love to hear from you in the comment section below.

Earlier this month it was announced that the on-demand electric scooter and bike startup, Lime, had closed a $310 million series D round. This values the 18-month old company at around $2.4 billion and brings its total raise to $867.1 million. For comparison, Bird -- its main competitor -- has raised around $400 million.

These numbers should tell you about the kind of growth that the "micromobility" startup is seeing. They are now in 15 countries and its riders have taken over 34 million trips. In the last 7 months alone, the company reports that it has seen a 5.5x increase in ridership. They are seen as an affordable last-mile solution. Supposedly 1/3 of its users report an income of less than $50,000 per year.

Lime entered the Canadian market last fall via Waterloo. They have yet to expand anywhere else, though I suspect we'll see them in Toronto this spring/summer. One of the barriers is that their scooters (with airless tires) aren't equipped to deal with snow, so they currently pack them up during the winter months.

This is in addition to the regulatory challenges they are facing in cities all around the world. But like Uber, I am sure there is a compromise to be had.

Toronto doesn't like electric scooters. Something about them being dangerous. But here are some interesting statistics for France, which has apparently become the leading scooter market in Europe:

• The Fédération des Professionnels de la Micromobilité (FPMM) -- yes, this exists -- estimates that there are about 2.5 million regular scooter users in France.

• In 2021, about 900,000 units were sold in the country, which represents a 42% increase compared to 2020.

• Sales directly to users is outstripping the revenue from self-service operators such as Lime, Bird, Dott, and Voi. Current annual estimates are in the range of €310 million and €40 million, respectively.

• About 50% of scooter sales are happening at grocery stores, compared to 30% at other retailers, and 20% online. (This is kind of interesting. I wonder if people are impulse buying while shopping for food.)

I am a big fan of electric scooters. And all of this suggests to me that scooter adoption is likely to continue, that we are going to need to start thinking more about how best to incorporate them into our cities, and that eventually Toronto will have to stop being so conservative.

I have been reading Fred Wilson's blog for over a decade now (and he has been blogging for almost two decades). A lot of the time it is about venture capital and tech, but similar to what I do here, it can be about almost anything. Today he wrote about the two weeks that he just spent in Paris with his wife (the Gotham Gal). And the post covers everything from real estate to relationship advice. But here are two points that will be particularly relevant to what we usually talk about around here:

• Paris has done an excellent job of prioritizing cycling and building a ton of new lanes over the last number of years. We know this. But another good point that Fred makes is that Paris has allowed competition in their micro-mobility ecosystem. It started with Velib, but now you can also use Dott and Lime. The last time I was in Paris I used Lime bikes and scooters, mostly because I already had the app and because they were everywhere. Competition is good and Toronto should probably allow the same. Our bike share system -- specifically the mobile app -- is incredibly cumbersome to use, and the last time I checked most of the e-bikes were consistently out of service. Let's see if someone else can do a better job. We should, of course, also add scooters to the mix while we're at it.

• Next, Fred describes Paris' real estate market as being more "stable." And by this he means that, for whatever reason, values and rents seem to be more moderated. This has some benefits. Restaurants and other retail businesses seem to stick around for decades, whereas according to Fred, "it's hard to find a shopping street in Manhattan that doesn't have multiple vacant stores". I'm not exactly sure why this is the case in Paris (assuming it is). I don't believe that they have any sort of vacant store tax. Though they do have a tax on unoccupied homes. Maybe this is just what happens when you're a little less capitalistic. (This is me deliberately avoiding the term socialism.)

If any of you have more insight into the real estate market in Paris, I would love to hear from you in the comment section below.

Earlier this month it was announced that the on-demand electric scooter and bike startup, Lime, had closed a $310 million series D round. This values the 18-month old company at around $2.4 billion and brings its total raise to $867.1 million. For comparison, Bird -- its main competitor -- has raised around $400 million.

These numbers should tell you about the kind of growth that the "micromobility" startup is seeing. They are now in 15 countries and its riders have taken over 34 million trips. In the last 7 months alone, the company reports that it has seen a 5.5x increase in ridership. They are seen as an affordable last-mile solution. Supposedly 1/3 of its users report an income of less than $50,000 per year.

Lime entered the Canadian market last fall via Waterloo. They have yet to expand anywhere else, though I suspect we'll see them in Toronto this spring/summer. One of the barriers is that their scooters (with airless tires) aren't equipped to deal with snow, so they currently pack them up during the winter months.

This is in addition to the regulatory challenges they are facing in cities all around the world. But like Uber, I am sure there is a compromise to be had.