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What is the Sharing Economy?

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The big movement right now is crowdfunding. There are huge websites that are growing in popularity - thanks to people contributing, when they normally wouldn't have even gotten off the ground. There's a technical term for it all. It's called a Sharing Economy.

Our friend Andrew Howlett from Rain is telling us all about the Sharing Economy and giving us several examples:

-Ten-year-old Etsy has 19 million active shoppers, doesn't own a single factory, warehouse, or showroom, had an IPO for $3.3B

-Eight-year-old Lending Club has issued over $7B in P2P loans, doesn't own a single bank, branch or ATM and is valued at $7B

-Seven-year-old Airbnb has over 23 million guests, doesn't own a single bed, bath, or bar, and is valued at $20B

-Six-year-old Uber had 140M rides in 2014, doesn't own a single taxi, cab, or towncar and is valued at $40B

A couple examples that you probably haven't heard of:

-Pley - Renting of Lego's instead of owning them.

-Feastly - Connecting cooks with adventurous eaters.

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