With the astronomical rise ofand Uber capturing the airwaves, it seems that the sharing economy is the top buzzword in global business circles.
Simply put, the sharing economy describes a type ofbuilt on the premise of sharing of resources – allowing to access goods when needed. In other words, it represents a major paradigm shift from single ownership to collective use of resources.
Read on and check out the 6 major pioneers of today’s sharing economy.
Industry: Peer-to-peer marketplace
Date founded: February 2008
Founded by: Leah Busque
TaskRabbit is a well-known player in the so-called ‘gig economy,’ in which it connects people who need chores done with those willing to complete them. Users enter information about the task at hand, pick a date and time slot to have it done, and select from a short list of people who are willing to do them.
Errands posted on TaskRabbit range from house cleaning, moving, delivering groceries, assembling IKEA furniture, and even waiting in line to buy the latest iPhone.
Thecan be shockingly lucrative for the people performing errands (known as Taskers), with 10% to 15% of them earning up to $7,000 a month!
Date founded: 2009
Founded by: Jessica Scorpio (Director of Marketing), Sam Zaid (CEO), and Elliot Kroo (Director of Engineering)
Getaround is ancar renting and peer-to-peer carsharing , kind of like for cars. Through the , drivers can rent cars from private car owners, or owners can rent out their cars for a payment. Owners set their rental prices and earn a 60% commission from the rental .
Based in, Getaround won TechCrunch’s Startup Battlefield a few years ago and has since expanded its to cities around the US including Austin, Chicago, and San Diego.
Therecently introduced the Getaround Connect, which utilizes , WiFi and keyless remote technology to allow renters and owners to open and lock the car without a key.
: Fashion E-Commerce
Date founded: February 2011
Founded by: Manish Chandra (), Tracy Sun (VP Merchandising), Gautam Golwala (CTO), and Chetan Pungaliya (VP Engineering).
Poshmark is an e-commerce app that allows women to sell the contents of their closets second-hand to millions of users. With theencouraging people to “Shop the closets of women across and sell yours too!”, it has achieved phenomenal growth, bringing in $200 million in annual .
Though it faces some competitors, Poshmark differs from many of those sites in that it doesn’t act as middleman for the transactions that take place on its platform, allowing buyers and sellers connect with each other directly.
Today, there are more than 700,000 sellers on the platform, and buyers can expect around 10 million items forat any given point on Poshmark.
: Peer-to-peer marketplace
Date founded: February 2011
Founded by: Bo Fishback (), Ian Hunter (CTO), and Eric Koester
Zaarly is an app that allows users to discover and hire localproviders. If you need your house cleaned, need your lawn cared for, or require the of a handyman, you can browse the list of experts and buy the you prefer.
Unlike fellow peer-to-peer marketplace competitors, Zaarly operates by allowing users to create storefronts rather than profiles. According to the’s blog, Zaarly is dedicated to providing the resources necessary for every Zaarly Storefront owner to “build a sustainable that meets… expectations for quality.”
: Pet Care & Boarding
Date founded: March 2012
Founded by: Aaron Hirschhorn (), Karine Nissim ( ).
DogVacay has been touted as the “for dogs” since its initial year of operation, attracting over 400 dog sitters in its first month alone.
Through the app, hosts share information about themselves and their ability to take care of dogs while dog-owners can select from a list of hosts to find a place to board their pets at any price point. Similar to, hosts and dog-owners both leave reviews after the dogs have been picked up.
What began as an overnight dog-sittingon Craigslist now books more than 1 million nights a month, as the looks to take a bigger bite out of the $12 billion pet care market.
: Travel / Travel lodging
Date founded: August 2008
Founded by: Nathan Blecharczyk (CTO), Brian Chesky (), and Joe Gebbia (CPO).
As the one of the undisputed kings of the sharing economy (a title it shares with car sharingUber), is a for people to rent out their homes for travelers, creating a distinctly exciting and innovative travel experience at various price points.
In 2014,surpassed 800,000 listings worldwide, which means they now offer more lodging than Hilton Worldwide or InterContinental Hotels Group or any other hotel chain in the world.
Not surprisingly,completed one of the biggest private-funding rounds ever, raising $1.5 billion in a deal that values the at $25.5 billion.