TCB 100 People to Know in 2025; Mustafa Sheikh, Founder, Hich

Mustafa Sheikh

Founder

Hich

Categories

Year

Description

Mustafa Sheikh isn’t necessarily reinventing the wheel with rideshare startup Hich, but he aims to balance the interests of capital with the interests of labor, a component he says is missing for current rideshare giants. Bloomington-based Hich introduced a subscription model for drivers, intended to provide more transparency about costs and profit. Twenty percent of Hich is owned by drivers, to boost incentives and hold ownership accountable, says Sheikh: “We are trying to be a test model that conscious capitalism works.” Launched in October, Hich has added more than 600 drivers in Minnesota.