“In case anyone wonders why we have so many dockless bike shares in DC”

Lime Bike photo by Juanita from a space near 2nd and Randolph Pl NW

Thanks to a couple readers for sending. Valerie writes:

“In case anyone wonders why we have so many bike shares in DC, it’s because VCs keep throwing money at them. From today’s Pro Rata newsletter:

• LimeBike, a San Francisco-based bike-rental startup, has raised $50 million in Series B funding. Coatue Management led the round, and was joined by Andreessen Horowitz, DCM, GGV, Section 32, Yuri Milner and Kevin Durant.”