Tuesday, May 1, 2012

4/25 Meeting with Professor R. Jay (Jayakrishnan) and Jaeyoung Jung

Dr. Jay, the Professor of Civil & Engineering at UC Irvine's Institute of Transporation reached out to me after reading and article at http://startupfounder.info/startups-in-l-rideshare-2-0/. 

He wanted to share his notes and research over the last decade with High-coverage point-to-point (HCPPT) solution.  In addition, he introduced me to his current PhD student, Jaeyoung Jung to show me their current works and to see how we both can benefit by finding a way to fix traffic and replac fixed route transit systems with rides using spare seats or what he referred to as P8, ie, Point to Point Personal Passenger Pooled Public Private Para Transport.  

His research was amazing and covered Orange County extensively.  OC suffers from density issues for short term commuters, but OC is a good test market for long distance commuters as most travel into LA County for work.  Ridesharing for short distance commuters can be addressed with rideshare, but incentives work best with longer distance commuters which we plan to address first.

He liked the roll-out strategy we have in place along with our business model which he agrees is the best model for success.  We both envision the future to be on-demand pods, but 1-step at a time is needed to get there...when Google releases their driverless cars.  

I also indicated to him the roadblocks we encountered with creating a public rideshare system:

- Insurance
- Liability
- Regulation
- Change in behavior
- Marketing





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