2. “We always overestimate the change
that will occur in the next two years
and underestimate the change that will
occur in the next ten.”
- Bill Gates, The Road Ahead, 1996
9. • Launched June 2010
• 519 cities in >68 countries
• Limited physical assets
• 7000 employees
• USD 62.5 bln valuation
(BMW, 1916, 116,000 empl, USD 53 bln)
“Doing more with less” through a global
platform
10. A system that activates the untapped
value of all kinds of assets through models
and marketplaces that enable greater
efficiency and access.
- Botsman
The Sharing Economy
Harvard Business Review, 2014
The Sharing Economy: Embracing Change with Caution
http://www.slideshare.net/eteigland/sharing-economy-webb
12. What if we share instead?
http://www.slideshare.net/MarketRevolution/shsu-sharing-economy-collaborative-consumption
13. We can use technology to unlock idling
capacity and make it liquid through networks
and marketplaces.
This can have enormous social and
environmental impact. Through …BlaBlaCar,
the average car occupancy reaches 2.8 people
per car vs 1.7 people per car in Europe.
http://tacsi.org.au/old-things-made-new-collaborative-
consumption-community-trust-rachel-botsman/
-Rachel Botsman
20. Sweden’s Gig Economy
Age of Independent Contractors
68% Swedes are either
making an income from
online activities or
buying labor from others
12% work for
‘sharing economy’
platforms, e.g.,
Upwork, Uber or
Skjutsgruppen
Types of Work in Sharing Economy
http://www.uni-europa.org/wp-content/uploads/2016/03/crowd-working-survey-swedenpdf.pdf
21. “Sharing” is big business…
http://www.web-strategist.com/blog/2015/06/04/the-collaborative-sharing-economy-has-created-17-billion-dollar-companies-and-
10-unicorns/
USD 26 bln today -> USD 335 in 2025
22. FIRM YEAR FOUNDED NO. EMPLOYEES MKT CAP
BMW 1916 116,000 $53B
UBER 2009 7,000 $60B
MARRIOT 1927 200,000 $17B
AIRBNB 2008 5,000 $21B
WALT DISNEY 1923 185,000 $165B
FACEBOOK 2004 12,691 $315B
KODAK 1888 145,000 $30B (heyday)
INSTAGRAM 2010 13 $1B (acquisition)
2016 Parker & Van Alstyne, with Choudary – licensed under Creative Commons
Attribution-ShareAlike 4.0 International (CC BY-SA 4.0).
Something fundamental is changing
26. Spawning a new form of capitalism -
Modern day sweatshops?
Digital Robber Barons?
“Monopoly” platform “Monopoly” platform
“Perfect
competition”
“Perfect
competition”
43. LEARNING
p2p learning open courses & moocs
PRODUCTION
co-design / co-innovationdigital peer production distributed fabrication (makers)
FINANCE
p2p funding p2p payments p2p insurance compl. currencies
GOVERNANCE
SWARM
participatory organizations participatory government blockchain / DAO
CONSUMPTION
redistribution local food systemsproduct-service on-demand services
COLLABORATIVE ECONOMY FRAMEWORK V0.1
44. Community platform
Hierarchicalfirm
VS
E.g., Ford
~ Created by employees within
organizational boundaries
E.g., Local Motors
~ Created by community collaborators
regardless of affiliation
Teigland, Di Gangi, & Yetis 2012
The Flipped Firm: New model of value creation?
45. “Local Motors is the place for people to create
influential vehicles together.”
• 100xs less capital cost
• 5xs faster production
https://launchforth.io/explore/
59. The Blockchain is the glue that is going to drive
a productivity revolution across the globe on
par with what Henry Ford did with the
automobile.
— Paul Brody, Americas Strategy Leader,
Technology Sector, Ernst & Young
63. Newton’s third law holds that every action
has an equal and opposite reaction.
In the same vein, every disruptive threat
creates an equal, if not greater,
opportunity.
http://www.innosight.com/innovation-resources/strategy-innovation/turning-ambiguity-into-opportunity-a-new-approach-to-strategy-under-uncertainty.cfm
64. Enablers of a “true” Collaborative Economy?
Blockchains and
smart contracts
Cryptocurrencies
Sharing/
Collaborative
Economy
IoT/sensors
P2P/M2M
micropayments
Big data
65.
66.
67. “Trust is the social glue of society.
Trust is the conduit through which
ideas travel. It enables people to place
their faith in strangers, to take risks,
to keep moving forward.”
http://tacsi.org.au/old-things-made-new-collaborative-
consumption-community-trust-rachel-botsman/
-Rachel Botsman