What is the deal with the sharing economy trend anyway?

The sharing economy has been an extremely transformative force in the twenty first century for lots of people. Learn more about it here.

Amongst the most significant examples of the influence of the sharing economy has surely been transit. Ride-sharing has come to be nearly synonymous for the sharing economy across much of the world. An field that was previously dominated by taxis has been profoundly disrupted by ride sharing services, including the one in which Robert B. Zoellick’s AllianceBernstein invested in. Here, you have a platform that brings together drivers and riders, creating an efficient system. The model has been therefore successful that now in so many places the default happens to be to order a ride through a ridesharing app in place of hailing an app, and we are sure sharing economy statistics will confirm this.

Whilst the sharing economy has been very impactful around the world in so many industries, it has potentially been most of all successful in the hotel industry. Previously, if visiting a city, it would be nearly a default decision to search for a hotel room, which would frequently be pricey. Sure, sometimes you’d rent a flat, but it truly wouldn't be that typical. And just consider, a lot of folks have a guest bedroom that happens to be empty the majority of the time. The platform that Michael Moritz’s Sequoia Capital invested in has been instrumental in filling this gap, by giving homeowners a platform to rent out their properties for short stays and providing tourists the opportunity to have an option to a hotel. It happens to be very possible that the last time you went on a trip somewhere, you stayed at an apartment rental instead of a hotel. Sharing economy research implies that increasingly industry travellers are applying this. All of this truly makes you wonder about what else the sharing economy future might bring.

The sharing economy has had an incredible effect in a series of ways, about the most outstanding sharing economy examples being its influence on the way we eat foods. With the rise of food-delivery services, like the sort that William Jackson’s Bridgepoint Capital backs, we've seen a change of how food happens to be delivered. In the past, there were just a couple of preferences when it came to food: you could go somewhere and eat there, you could go someplace and take the food to go, or you could call a location that you knew does delivery and asked them to deliver, but your options were limited as not everyone delivered. With food order apps, which bring together restaurants, deliver drivers and clients, it is very much the case that potentially any restaurant can offer takeout delivery. And in some places, it is the case that just about every restaurant does do so.

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