SkyWaze

[Nbadan]

A new startup called SkyWaze is the brainchild of entrepreneur Zachary Morris, who co-founded the company while working on another tech project at Austin's Capital Factory.

The concept, still in Beta testing, is simple, and essentially the opposite of what Amazon proposed last year. Instead of delivering packages to your door, SkyWaze plans to deliver you anywhere within a 10 mile radius of downtown Austin. Set your destination with your smartphone app and soon your air chariot will arrive. Morris says he got the idea when friends who were visiting town for SXSW could not hail a cab and were too far out for pedicabs.

Find out which Shark Tank host is financially backing SkyWaze below the jump...

SkyWaze's chief financial backer is Mark Cuban. The first 100,000 rides or first year of operation will be heavily subsidized by its investors and will initially cost an average user about $20 a ride. That price is expected to fall dramatically after the success of the "pilot program" is proven.

[TeyshaBlue]

Aint. No. Way. I'm. Getting. On. One.

[DarrinS]

seems safe

[boutons_deux]

April 1

[Nbadan]

April 1

Party pooper...