Shareconomy Live Photos and Stream

Shareconomy had it's second live event last Monday at the Impact Hub Seattle. The event featured the extended trailer, interviews and a live panel of sharing economy influencers. Check out the slideshow of photos and video of the event below.

Thank you so much to Chalkcar for livestreaming our event!

A huge thank you to Impact Hub Seattle for hosting and our awesome panelists for joining us! Watch the stream and let us know what you think!

 

Era of Meaningful Independence

The way we work in the United States is undergoing a fundamental shift. Out of the manufacturing age workers have learned the hard way that the traditional stable 9 to 5, isn't so stable. Now, independent work is giving Americans a chance to secure happiness in the work place.

via LA Times

via LA Times

Currently, a third of the nation's workers are freelance. This number is expected to hit 40% - 60 million people - in the next decade. LA Time's Sara Horowitz's recent piece America, Say Goodbye To The Era Of Big Work talks about why this employment shift has been a long time coming. 

A number of factors both economic and cultural are causing the independent workforce to swell. Technological advances and globalization have greatly contributed to the erosion of traditional work arrangements. The private sector’s need for speed and adaptability is increasingly incompatible with maintaining a large, full-time workforce. And of course, the Great Recession has put to rest the notion that there is such a thing as a stable full-time job.

Despite all these factors, it seems like the number one reason persons choose freelance work is for the flexibility. Horowitz quotes a recent survey done by oDesk who found that 89% of freelancers prefer work flexibility to a traditional corporate career. And over half of millennials prioritize job flexibility over pay. This is such a cultural shift from the era of corporate life and Horowitz believes she knows why.

In reality, millennials tend to value experiences more than things. Their consumption habits are driven less by what kind of job they have and more by their pursuit of ever-evolving technology, brands that align with their ideals and sustainable and social purpose purchasing.

While the government struggles to catch up with this new era of work, freelancers thrive. Check out the rest of the LA Times Article and let us know what you think. Are you considering a shift to the freelance world? And if you have already, was it worth it?

Formula For Success In The Sharing Economy

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.  

Sharing economy models work great when there is a high degree of consumer pain. As the saying goes, “if it ain’t broke, don’t fix it.” In a lot of markets, consumers are happy with the status quo, and it will be hard to get user adoption.

Kapoor believes that is why ridesharing and fitness have done exceptionally well:

For ridesharing and fitness, the consumer pain is more obvious. Until Uber and Lyft, it was impossible to hail a taxi in most cities, a huge pain to force drivers to accept your credit card, and an all-around unpleasant experience in the car.

When you look at the fitness industry, it’s generating $75 billion each year on gym fees, yet 60 percent of people who belong to gyms don’t even go and our nation’s growing obesity and inactivity problem are evidence the solution isn’t working. Lyft and fitmob hack these pain points by creating an experience that is fun, accessible with the push of a button, and affordable giving consumers clear benefits that are lacking in traditional services.

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.

Cooperative Jackson Works to Transform Mississippi

Shareable's Cat Johnson recently covered Cooperative Jackson, an organization promoting economic justice in the nation's poorest state. Mississippi has a median household income of just over $37,000 and almost a quarter of residents live under the poverty line. Cooperative Jackson hopes to change that by developing a strong network that encourages economic democracy and equality.

 

via Shareable

via Shareable

Shareable interviewed the Coordinator of Cooperative Jackson Kali Akuno, to talk about the organization's goals, challenges and the impact they have had on the community.

Founded in 2005, Cooperative Jackson is a network that includes a training center, a cooperative bank and several other established cooperative institutions. Aside from teaching people about the importance of cooperatives, they also provide education on how to create one. Recently they hosted Jackson Rising: New Economies Conference, a successful event that attracted international attention. 

While well-received by the majority of residents, not everyone is pleased. Campaign contributors to Jackson's new mayor have shown opposition, but that does not discourage Akuno. "WIthout question, the arms that are open to us are far more powerful than the few detractors when they act as a unified front. But, the detractors presently control much of the economy of the city and region, so we have a fight on our hands."

Jackson aims to lead the south in creating a new economy, and perhaps even the US.

We believe we are in prime position to do many things that have not been done to scale in the U.S. overall as it relates to cooperative development and solidarity economics. The greatest challenge we have is securing the resources to fully capitalize our vision. That is our challenge. But, we have thousands of individuals in our community who ready and willing to work to make our city a beacon of the cooperative movement.

Cooperative Jackson aims to have a minimum of 10% of jobs in Jackson be drawn directly from the federation of worker cooperation. If successful, Jackson would set an example for the influence the sharing economy could have on struggling economies. 

Check out the rest of the interview on Shareable and let us know what you think. 

 

The Peer Economy Under Fire

This last week was a rough one to market the peer economy. Berlin recently announced that Uber was effectively prohibited from their city while several others, such as Barcelona and London, continue to voice adamant opposition to rideshare services. As per usual, Airbnb is faced with challenges across the globe. 

Justin Sullivan - Getty Images

Justin Sullivan - Getty Images

In addition, the peer economy is constantly being critiqued in the media. Time.com recently posted an article titled "6 Horrible Things the Sharing Economy is Being Accused Of". Sabotaging each other, wrecking the housing market, and illegal currency trading were a few of the troubling accusations listed. The article highlights that the shared economy can be "brutally cut-throat in the way that seemingly everything and everyone is monetized", which unfortunately, has resulted in a slew of negative press. 

The New York Times recently did a profile piece on a few sharing economy employees, specifically highlighting a mother of 3. The Times followed Jennifer Guidry on a 19 hour work day, doing everything from giving rides, to cooking private meals. Guidry talks about how the sharing economy gives her the flexibility she needs to spend time with her kids but comes with the instability of any ad hoc job. 

I like my freedom — fixing someone’s cabinet, driving, pulling up weeds, cooking,” she told me as we sat in her dining room on Monday morning, recapping her weekend of work. “I would not like to do any of those things as a full-time job.

Guidry sheds light on what it is really like to work in the gig economy, and what the payoff is. While she enjoys her work, the article poses concerns about the lack of stability and benefits that come with a traditional full time job. While some platforms have started to offer some services to employees, such as discount health insurance and accounting services, economists worry that it may not be enough.  

While some may see the sharing economy's recent increase in negative media as a sign of impending doom, this could be a very unique opportunity for the sharing community. Watching an economic movement develop in real time has never really been an option before. Enthusiasts can use this advantage to approach issues as they occur and come up with solutions before they become a characteristic of the collaborative economy. The question is whether or not we are willing to utilize this opportunity as a community or if the competitiveness of business will prevail. 

What do you think?

The Sharing Economy Meets Healthcare

Healthcare has found the sharing economy. Israel-based app HelpAround, connects people with diabetes in the immediate area and is the first 'sharing economy' app to hit the healthcare world.

Founders Yishay Knobel and Shlomi Aflalo started HelpAround last year after a friend forgot his diabetes test strips at a sporting event. The app provides users with a local support group of nearby helpers who could be of assistance. A person could share in the app forum that they don't have their supplies, are feeling unwell, or need help with using equipment. Other users in the area can connect with them to provide assistance or support.

"Here at HIMSS [Health Information Management Systems Society] it's all about hospital-to-patient, doctor-to-patient, nurse-to-patient. Why is no one talking about patient-to-patient?" Knobel said during a recent interview. "Especially when research has shown that peer support drives medical outcomes."

The app has been quite successful so far, with thousands of users and about a 90% response rate to questions. As Knobel mentions, higher levels of social support are associated with better diabetes and other illness self-management. Additionally, studies suggest that providing social support may result in health benefits comparable to - or even greater than - receiving support. 

With an increase of focus on patient satisfaction and aftercare, peer support apps such as HelpAround can help medical facilities better educate and support patients. 

"Diabetes management is exhausting for both patients and caregivers, yet there hasn't been a healthcare industry after-care solution that helps patients by connecting them to each other," Knobel has said. "HelpAround premise is: the best resource for a patient is another patient. We harness the superior trust, empathy and camaraderie within the diabetes patient community, allowing members to discover peers who truly 'get it'."

We are interested to see what other healthcare based sharing economy platforms spin off of HelpAround. Check out Mobi Health News' recent article on HelpAround and let us know what you think. Where else could you see a peer-support app being beneficial?

Airbnb CEO Tells us His View on the Sharing Economy

Brian Chesky is not only the CEO of home-share platform Airbnb, but also one of the first to become a billionaire off the shared economy. Last week he discussed his predictions for the Sharing Economy at the Atlantic Aspen Ideas Festival. Considering Chesky's success his bold predictions are worth paying attention to.

Airbnb does business in 34,000 cities, has a valuation of over 10 billion dollars, and in a very short time has disrupted the world of hospitality and travel.

He explained that society started on micro-entrepreneurial roots:

"Cities used to be generally villages, and everyone was essentially kind of like an entrepreneur, before there were factories. You were either a farmer, or you worked in the city as a blacksmith, or you had some kind of trade. And then the Industrial Revolution happened." 

Throughout the interview, Chesky makes several predictions about the future of the sharing economy and its impact on society.

Chesky predicts that not only will the industry be able to create upwards of 100 million micro-entrepreneurs, but it will also save us from future recession and robot-worker society. We'll also be living in a world where people can become businesses versus the traditional work-for-the-man archetype. He also predicts that everything will be small with less big chains and outright ownership. "You're not going to have big chain restaurants. We're starting to see you have farmer's markets, and small restaurants, and food trucks. But, soon, restaurants will be in people's living rooms."

While worth the watch, If the 1 hour video is too long for you check out the recap from Venture Beat. Gregory Ferenstein's article "Airbnb CEO Spells Out the End Game For the Sharing Economy in 7 Quotes" breaks down the main points of Chesky's interview.

Let us know what you think. These are pretty bold predictions and the one thing we'd love to hear is a timeline. Is this the future of the Sharing Economy? Will we see it in this lifetime?

Shareconomy Kickstarter

We are pleased to announce that the Shareconomy Kickstarter went live this week. This project has been an exciting chapter of our lives are we are so close to completion. We invite you to check out the Shareconomy Kickstarter page and let us know what you think.

Shareconomy examines the sharing economy through the eyes of those who know it best. The film features interviews from academics and experts studying the movement, government officials tasked with regulating this new economy, and those individuals using sharing platforms to enrich and empower their lives. Many working within the sharing economy embody the micro-entrepreneurial spirit, a model for the 'new worker' in this 'new economy'. Through these characters, we will discover the complexities of the sharing economy and its current and potential impact on our society. Shareconomy explores both the pros and cons of this economic movement, questioning whether this 'new economy' will transform the way we work, live, and interact with each other forever. 

Through this film we have an opportunity to spark a global conversation on this economic movement while still in its primary development. Economists and academics have predicted that this new sector could have the biggest impact on society since the Industrial Revolution. Globally, sharing economy companies are worth nearly $500 billion and are disrupting major established industries and challenging governmental regulations. We hope this film can provide a macro-level view of the sharing economy movement and an honest discussion about the pros and cons.

The film is about halfway through production and we need your help to finish it. Those familiar with the sharing economy will understand why we utilized crowd-funding to help us complete funding. A film based on the economic impact of the sharing society wouldn't be right if we didn't partner with our audience. Our goal is to raise $115,000 by July 4th, 2014. We've come up with some unique rewards for every level donation, all with the sharing economy in mind (including crashing at the Director's house for a night). 

Please take a moment to check out our Kickstarter page and view the extended trailer. We are so grateful for any contribution you can make, including spreading the word to family, friends and colleagues. 

Thank you so much for all your support. Let's make this movie happen!

Share NY

Today Greg and Jillian headed to the inaugral Share NYC conference at NYU. Hosted by Arun Sundararajan, Luke Williams, and Cynthia Franklin, #ShareNYC featured speakers and panels discussing current hot topics in the sharing economy. The event joined together "entrepreneurs, government leaders, academics, business executives, VCs and students for a unique day of discussion and thought leadership about the emerging collaborative, peer-to-peer and sharing economies." Unfortunately the event was not live-streamed, however Twitter gave us a pretty decent play by play on the main points of discussion.

The first Share NYC conference seemed to be a success and continues to confirm the interest society has in the sharing economy. It's excellent to see such a young economic model hashed out by groups of educators, regulators and enthusiasts while still in development. Did you have an opportunity to attend #ShareNYC? What did you think? Are these conferences developing the sharing economy or not?

Some Setbacks for the Sharing Economy

"Scrutiny of the so-called sharing economy seems to increase every day" and today it's in San Francisco, one of the collaborative economy's model cities.

The San Francisco city attorney sued two landlords Wednesday, claiming they illegally converted residential housing into short-term rentals that were advertised on Airbnb and similar services. The former residents, two of whom were disabled, were evicted using the Ellis Act, a controversial California law that allows landlords to reclaim properties for their own personal use.

Jim Wilson/The New York TimesDennis Herrera, San Francisco City Attorney

Jim Wilson/The New York Times

Dennis Herrera, San Francisco City Attorney

Ouch. While Airbnb states that this particular landlord has been banned from the using the site, it doesn't mean it won't happen again.

This isn't a new discussion, especially in San Francisco who is currently in the midst of an affordable housing crisis. "Housing advocates say the law is often abused by landlords seeking to cater to the lucrative tourist market".

Ride-sharing also continues to be a topic of constant scrutiny and platform Uber is currently under investigation by New York attorney general, Eric T. Schneiderman for illegal price-gouging  (selling goods at higher than reasonable or fair prices). Schneiderman is also seeking information from Airbnb which ended in court (again) this last Tuesday. 

Check out the rest of the article from The New York Times Blog and let us know what you think. Are these setbacks only the beginning? How can a sharing economy services such as Uber and Airbnb prevent users from abusing services? And how should the law respond?

Seattle Suspends ride sharing regulations one month after passage

Just one month ago, Seattle City Council enacted new regulations on rideshare companies like Uber and Airbnb. Yesterday, Uber, Lyft and Sidecar submitted more than 36,000 signatures on a repeal petition forcing a public vote. An ordinance so challenged is suspended until the public vote.

The suspension — whatever happens in the future — is a major victory for companies offering an alternative to Seattle’s much-criticized taxicab service.

In a wider sense, it is a win for the city’s technology economy, which took to heart the cause of ride sharing, arguing that Seattle must be a 21st century city open to innovation and new ways of providing services.

This is huge news for not only Seattle ridesharing companies, but for the technology driven collaborative economy in general. A public voice this strong is an obvious indicator of the popularity of sharing economy services.

Check out the entire article on the Seattle Pi's Blog and let us know what you think. Is Seattle's response to city regulation only the beginning? 

Could the Renting and Sharing Economy Save Indian Cities?

Some seem to think so. Gautam Bhatia's recent article in the Times Of India talks about how government planning (or lack of) has failed Indian cities and the Sharing Economy has the potential to fix that. 

"If our cities have lived up to the expectations of our planners, it is because there were none. The current city is merely an agglomeration of accidental forces - migrating labour, entrenched middle classes, daily human toil, public expectation, random division of physical space, and attempts at law and order. "

Bhatia believes that Indian cities should follow China's lead in discouraging private home ownership and instead create rental housing.

"The Indian city needs similar serious physical and psychological measures. Buying a home in the centre of town and private car ownership are now both archaic and unfeasible. The future city can no longer be seen as a collective of purchasable products, but rather, as a service: a dense habitation where all facilities - home, car, office, shop - are available on rent. A permanent place where residence is impermanent. "

Check out the rest of the article here and let us know what you think. 

 

Why are people Sharing?

While the Sharing Economy has become increasingly popular you may have wondered why people are choosing sharing over ownership. In the Report "Sharing is the New Buying, Winning in the Collaborative Economy" by Jeremiah Owyang, Vision Critical and Crowd Companies they asked over 90,000 people why they share goods, services, space, transportation, and money. They found that the top reasons people participated in sharing was because it is more convenient, it has better value and it's a unique experience.

Check out the rest of study here and the recent dissection on why people share here and let us know what you think. Why do you share?