Update 5/27 11:45 a.m.: Zagster confirmed that the insider round is worth $1.2 million. Bill Ford invested in Zagster through strategic investment firm Fontinalis Partners, which he cofounded.
Boston's privatized bike-sharing company Zagster has...
I invested $30,000 in Zagster last year, to wait and watch how the team would execute its business plan. It was an operations play for me at that point, because the business model was quite simple and well set. The team delivered. They signed on corporate customers -- a big name in each of the verticals they are targeting -- and proved that Zagster could be done! I know I see Hubway bikes around town, but I know Zagster is the one building a profitable business. I really like Zagster's business/sales strategy.
The city that put the world on four wheels is embracing two.
Detroit-based Rock Ventures LLC and its flagship company, online home lender Quicken Loans, Inc., on Wednesday became the first businesses in the city to adopt a formal bike-share program, part