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In the “sharing economy,” cheap access to resources that would otherwise go unused (a spare bedroom, a car, a weed whacker) is just one click away. And for many consumers of services like AirBnB and Lyft and TaskRabbit, the “sharing economy” is pretty nifty.
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The rise of the sharing economy has created a new class of entrepreneur. Their startups are monetizing everything from tool swaps to unused parking spots in cities, and one of them just might be the next Airbnb.
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Earlier this year, I travelled to Melbourne for a conference. Instead of paying to stay in a hotel like I normally would, I paid a local couple to stay in their spare room. On arriving at their clean and tasteful apartment high above the city streets, my hosts handed me a cold cider and we chatted about our lives.
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Last week Samsung announced the acquisition of a crowd-funded startup called SmartThings for $200m. USA Today wrote that the deal “has also once again validated the power of crowdsourcing platform Kickstarter, which helped bring SmartThings to market back in 2012. The startup originally sought $250,000 in funding to produce its smart hub, eventually raising more than $1.2 million from individual backers.”
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You are reading an article fromtheUnderstanding the sharing economy series, to read more about this you can visittheseries homepage.
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Or, how to make money for Silicon Valley venture capitalists while pretending to espouse progressive ideals
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This week, the demands of growth and venture capitalism drive leading sharing economy companies ever further from actual sharing. (I love Airbnb's service but I've also always thought that "sharing" was a misleading description.
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Earlier this year, I travelled to Melbourne for a conference. Instead of paying to stay in a hotel like I normally would, I paid a local couple to stay in their spare room.
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