- taillight which I don't bother to remove
- expensive headlight which I do remove when parked (but I leave the mounting bracket)
- pedal straps (a must, in my opinion, for safe riding in traffic; feet slipping off pedals can mean a crash)
- thorn resistant tires
- stronger wheel (I'm above-average height and not fat, but the cheapo wheels kept getting bent)
- fenders to reduce splashing in the rain
- rack to hold saddle bag
The bike itself is rather old and worth less than $100. All the accessories add up to maybe another $400. So, I do have a cheap bike, but it's still not so cheap to replace, and doing so is a rather big time commitment.
For stronger wheels & tires, I'd just get a thicker tire bike. For a strong frame I just go with cromoly. You don't need anything special then as far as strength goes. The rack, fenders and strap can be had for $50 total after all of that.
If this service connects just one bike owner with their stolen bicycle then it's worth it, imo.
[...] I used to pay for good ones.
Every single one of them got stolen.
When I didn't work from home, I biked to work. None of my bikes were stolen. But they were folding bikes that I carried indoors. ;-)
I like it! A bike used to be my primary means of transportation back in the Bay Area, and I used to pay for good ones. Every single one of them got stolen. Every one. The last one I owned had a state-of-the-art lock on it, so the thieves cut the bike rack. People that don't rely on a bike seriously underestimate what it means to a bike owner when their bike is stolen; to a lot of people, it's just, "oh, you lost your toy, just go buy another one". To many bike owners, it's more like, "I just lost the ability to get around quickly."
The number one reason I don't own a bike right now is because I don't feel like putting up with it being stolen.
So this is one of those really big under-served pain points that everybody keeps saying you should look for when building a business.
priceonomics' approach makes perfect sense: make it easier to locate stolen bikes online, and build a new, centralized marketplace specifically for bikes that people will want to use (which also makes it harder for thieves to sell bikes online without the owner finding it).
Good job, guys.