slides: Meet the Disruptors: Massachusetts’s New Sharing Economy
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Monday, September 22, 2014
Arielle Confino, GoLocal Contributor
With the emergence of companies like Uber and Airbnb, a new “sharing economy” has taken on an increasingly dominant role in Central Massachusetts.
Unlike traditional business models, the sharing economy's disruptor companies are based on a peer-to-peer model in which a third party information-sharing platform connects peers who are enabled to rent, trade, sell, or share ownership of a good.
See SLIDES: Meet the Disruptors of the New Sharing Economy BELOW
Nowhere have the disruptive effects of the sharing economy been more visible than in the transportation and hospitality industries.
"Companies like Uber and Airbnb are functioning as disruptors by upending longstanding monopolies held by a few hotel corporations and taxi medallion owners, while increasing efficiencies through utilizing idle goods," said Brown University Professor and Boston-based food delivery website and app Foodler co-founder, John Jannotti.
"The sharing economy is premised around owners sharing and trading labor and assets directly with one another. These informal commercial relationships pose a major threat to established, heavily regulated industries, notably the hospitality industry, and leave cities wondering how to regulate the upstarts without stifling innovation and the benefits of collaborative consumption," said Suraj Patel, President of Sun Development and Management Corporation.
Related Slideshow: Meet the Disruptors
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Airbnb
Industry disrupted: Travel
Founders: Nathan Blecharczyk, Brian Chesky (CEO), Joe Gebbia
Date launched: 2008
Funding: $776.4 million
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Uber
Industries disrupted: Transportation, Travel
Founders: Garrett Camp, Travis Kalanick (CEO)
Date launched: 2009
Funding: $1.5 billion
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LinkedIn
Industries disrupted: Recruiting
Founders: Eric Ly, Konstantin Guericke, Allen Blue, Jean-Luc Vaillant, Reid Hoffman
Date launched: 2003
Went public: May 19, 2011
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Craigslist
Industries disrupted: Classified advertising
Founders: Craig Newmark
Date launched: 1995
Funding: $13.5 million
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Taskrabbit
Industries disrupted: Classified advertising
Founders: Leah Busque
Date launched: 2008
Funding: $37.5 million
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Fitmob
Industries disrupted: Exercise, Health & Wellness
Founders: Paul Twohey, Raj Kapoor
Date Launched: 2013
Funding: $9.8 million
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Poshmark
Industries disrupted: Fashion, Retail
Founders: Chetan Pungaliya, Gautam Golwala, Tracy Sun, Manish Chandra
Date launched: 2011
Funding: $16 million
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BuddyTruk
Industries disrupted: Moving
Founders: Russell Tuchman, Brian Foley
Date Launched: 2013
Funding: $125,300.00
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Lyft
Industries disrupted: transportation
Founders: Marcus Cohn, Logan Green, Matt Van Horn, John Zimmer
Date Launched: 2007
Funding Received: $332.5 million
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Sidecar
Industries disrupted: Transportation
Founders: Sunil Paul (CEO) Jahan Khanna
Date Launched: 2012
Funding: $35 million
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Roomorama
Industries disrupted: Hospitality
Founder: Jim Shook
Date launched: 2008
Funding: $2.3 million
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Betterment
Industries disrupted: Banks, Investing, Personal Finance
Founder: Jon Stein (CEO)
Date launched: 2008
Funding: $45 million
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Kickstarter
Industries disrupted: Consumer Goods, Investing, Venture Capital
Founders: Charles Adler, Perry Chen, Yancey Strickler (CEO)
Date launched: 2009
Funding: $10 million
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Rent the Runway
Industries disrupted: Fashion, Retail
Founders: Jennifer Fleiss, Jennifer Hyman (CEO)
Date launched: 2009
Funding: $54.4 million
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Lending Club
Industries disrupted: Banks, Investing, Personal Finance
Founder: Renaud Laplanche (CEO)
Date launched: 2006
Funding: $392.2 million
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Etsy
Industries disrupted: Consumer Goods, Retail
Founders: Robert Kalin, Chris Maguire, Haim Schoppik, Jared Tarbell
CEO: Chad Dickerson
Date launched: 2005
Funding: $97.3 million
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Warby Parker
Industries disrupted: Fashion, Health Insurance, Retail
Founders: Neil Blumenthal (co-CEO), David Gilboa (co-CEO), Andrew Hunt, Jeffrey Raider
Date launched: 2010
Funding: $115.5 million
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Zipcar
Industries disrupted: Public transportation
Founders: Robin Chase
Date launched: 2000
Aquired by Avis: January 2, 2013
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RelayRides
Industries disrupted: Transportation
Founders: Shelby Thomas Clark
Date launched: 2008
Funding: $52.5 million
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eBay
Industries disrupted: Auction
Founders: Pierre Omidyar
Date launched: 1995
Went public: September 24, 1998
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Couchsurfing
Industries disrupted: Travel
Founders: Daniel Hoffer, Sebastien Giao Le Tuan
Date Launched: 2004
Funding: $22.6 million
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