Is the Crowd a Disruption or an Opportunity for Large Companies?

Many are excited about the new collaborative economy, where people use common technologies to get what they need from each other. This has created disruptions for some industries, but overall, holds much business opportunity for progressive companies. Progressive companies can glean greater loyalty through crowdfunding, turn to the crowd for new co-innovation and launch their own sharing programmes to expand how they serve their customers new desires. Companies who ignore this trend are likely to suffer from disruption, but those that lean in can benefit from using the crowd to their advantage. In the next section, I’ll share examples of what the crowd is doing, and how large companies are responding to integrate the crowd into their strategy. Image from … Continue readingIs the Crowd a Disruption or an Opportunity for Large Companies?

The Collaborative Sharing Economy has Created 17 Billion-Dollar Companies (and 10 unicorns)

I partnered with VentureBeat’s market intelligence arm (VB Profiles) to further develop data on the funding, valuation, and employment impacts to the growing Collaborative Economy, this post originally was posted on VentureBeat’s website written by John Koetsier of VB Insight, I’ve republished their content, to share the key findings and you can find a summary of the research here. Sharing is big business. Big big business. There are now 17 billion-dollar companies with 60,000 employees and $15 billion in funding in the sharing or collaborative economy, according to Jeremiah Owyang and VB Profiles, a market intelligence firm partly owned by VB. That includes the venerable eBay, founded in the dim mists of technological antiquity, and relative newcomers Etsy, Chegg, WeWork, Airbnb, and — of course — Uber. … Continue readingThe Collaborative Sharing Economy has Created 17 Billion-Dollar Companies (and 10 unicorns)