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In January 2022, Turo filed for an initial public offering. Reading the SEC document is surprisingly very satisfying.
I’ve never read one of these before. It’s extremely thorough, and it’s also the reason I haven’t gotten out of bed yet this morning. I’m staring to get hungry, and since it’s after 9, I have to decide on I’m taking half an Adderall capsule or no Adderall for the day. I’m gonna open the curtains and see what happens after that.
My opinion on the Turo IPO is that I’m definitely buying a healthy chunk of those common stocks, and I hope to have a full-time UX job contributing full-time income before the IPO is approved.
For me, it’s a no brainer that I’ll invest in the company. I mean, look at the UI!
Why I care about Turo
In June 2021, I listed my 2014 Honda CRV on the Turo platform. I posted the listing 3 months after purchasing plug-in hybrid Honda Clarity. While the Clarity was an experiment in saving gas for my road trips to Mississippi, the Turo listing was an experiment to see if the CRV could earn enough income to pay its car payment, insurance, and maintenance expenses. The CRV quickly exceeded my expectations and began earning enough income to pay for the expenses for itself and the Clarity which removed my car expenses.