Past Member Quiz - Fare Co-op

This quiz is a mandatory first step towards requesting a buyback/refund of your share(s). You must watch the video above and pass this quiz with a 100% score in order to qualify. Once passed, you will receive the membership documents for you to sign and the buyback/refund request form.

Read each question carefully and choose the best answer.

Name (as it appears on your app profile)

Email (that you are registered with on the app)

1.

What is a cooperative?

A for-profit corporation

A sole proprietorship

A business that's owned by its members

2.

What best describes the long-term mission of Fare Co-op?

To create a small local rideshare company

To build a worker-owned ecosystem where drivers earn more, own the platform, and share in future autonomy and automation profits

To copy Uber’s business model with lower prices

3.

What is the difference between a full member and a fractional member?

No difference - they get paid the same

One has paid to become a full member and has a vote and a voice in the cooperative and their share grows as the company grows

Full members get requests ahead of fractional members

4.

What percentage of each fare goes to the driver in Fare Co-op compared to traditional rideshare platforms?

Drivers typically earn far more, with up to 85% of the fare going to full members and 55% to fractional members, instead of the 25–40% common in traditional platforms

Drivers earn the same percentage as Uber and Lyft

Fare Co-op keeps 100% of the fare to reinvest

5.

What is the purpose of the maintenance fee for full members?

To fund the cooperative’s operations, growth, and technology infrastructure as only 10% of the profits from those rides go back to the co-op

To pay bonuses to executives

To cover penalties from government regulators

6.

How many customer referrals do you need to get as a fractional driver, to earn the same compensation as a full member, or as a full member, to not have to pay the maintenance fees?

50

150

300

7.

Fare Co-op drivers get rides organically and immediately

No they do not, they must refer the customers to the platform and they will earn every time that customer uses the platform, even if the driver that referred them isn't the one doing the ride

Yes, Fare Co-op is bigger than Uber

8.

Is the sales funnel mandatory for all drivers that are referring drivers?

Yes

No

9.

What's the most amount of money someone has made with Fare Co-op in 6 months?

$1,000

$17,000

$4,000

10.

In the Power of 10 video, when you successfully train 10 drivers (9 fractional and 1 full member) to sign up at least 2 customers a day through the referral program and the favorite driver feature, within 3-6 months how much money would you potentially be making?

$500

$1000

$10,000

11.

How is Fare Co-op helping drivers own driverless vehicles in the future?

Fare Co-op is giving away free driverless cars

Driver investors that bought shares in the cooperative will benefit when we take the tech company that manages the platform public (IPO - which will at least allow for a significant downpayment on the AV)

Fare Co-op will receive free driverless cars from Waymo and Tesla

12.

Once you are approved to drive in a licensed area (or you have your own license and commercial insurance), do you go online when you are working?

Yes

No

13.

If you accept a ride and then cancel it without properly communicating with the customer, will you get penalized/receive a warning?

Yes

No

14.

What is Fare Co-op’s SecureRide™?

A program where Fare Co-op provides free self-driving vehicles to drivers.

A one-time background check that happens only when you first sign up, like traditional rideshare platforms.

An optional premium safety program built with HUB Cyber Security that uses always-on / real-time (perpetual) verification to create a continuously verified trust environment for rides, and gives participating drivers access to SecureRide™ trip requests.