Investors are starting to take notice of the ever growing sharing economy. With a consumer peer market worth $26 billion that continues to develop the sharing economy has some serious potential. This week Raj Kapoor of TechCrunch gave us a comprehensive review of what a sharing economy start up needs to succeed.
It seems like there are new start ups daily, especially within the shared economy. Kapoor points out that, like in other businesses, those who do best are usually scratching an itch that consumers haven't been able to reach.
Kapoor believes that is why ridesharing and fitness have done exceptionally well:
Kapoor also cautions start ups to be aware of the watchful regulatory eye, currently challenging the sharing economy daily. Lyft, Uber and Airbnb are a few of the many sharing platforms that are constantly under fire for violating the law. Kapoor wisely recommends that you should work hand in hand with the government to create a win-win for all parties.
To see what else is needed for your sharing economy start up needs to be successful, check out the full TechCrunch article and let us know what you think.