Reinventing the Wheel: ParkENT Cycles & the Future of Bike Locks

According to the National Bike Registry and FBI, $350 million worth of bicycles are stolen in the United States each year. This roughly means that every 30 seconds, someone somewhere is losing a $400 bike.

At this point, if you're like me, you're wondering what the heck everyone is doing with all of these stolen bikes. A bicycle doesn't seem like the most productive thing to steal and fence. But apparently, if you model it just like any other financial decision using a risk-reward curve, it turns out stealing a bike is essentially a risk-free crime — though you might go to hell for stealing little Timmy's bike, you won't go to jail.

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