Estimates indicate that while $4.1 Bn was invested in Shareconomy startups in 2014, in the following year that number more than quadrupled to $17.9 Bn. Investor interest has also been growing in this space. Shareconomy continued to spread its tentacles and has now grown to include a variety of domains like transportation, living quarters, pet care, finances, household appliances, clothes, human resources, etc. TaskRabbit, one of the early shareconomy startups, launched in the same year allowed people with free time to volunteer for odd jobs in their neighbourhood or vicinity. Then in 2008, when Apple launched the 3G enabled iPhones & the App Store – a mechanism, for people to use sophisticated mapping, computing & communication technology was born.
The old world constraint of the limited target audience was instantly removed. The platform model proved that when people on the other side of town, state, country or even planet were instantly connected with one another, they were open to bartering for goods/services. Some claim that in 1995 when Ebay launched a platform for people to buy/sell/bid for goods – old or new, the seeds for sharing economy were sown. work out of common office space and share office resources. Another example of shared economy is the concept of collaborative workspaces like BHIVE Workspace where Startups, Companies, Freelancers, etc. By enabling the rental of the item multiple times to people across a city, state or even countries through an online platform shareconomy concepts are a win-win for both consumer and provider.
#Taskr vs handy pro full#
Shareconomy has been spurred by the logic that if an item lies idle & it can be rented out, then there will be a viable & huge base of people who would prefer renting the product/service for a limited period of time rather than having full ownership. Shareconomics barter depends on Trust & Efficiency