DOCSLIB.ORG

The Rise of the Sharing Economy

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
The Rise of the Sharing Economy 13 THE RISE OF THE SHARING ECONOMY THE SHARING ECONOMY IS GROWING FAST, Over the past decade, the world has witnessed the rise of a new sharing economy – one where DISRUPTING TRADITIONAL people use Internet and mobile technologies to access goods and resources provided by their peers, rather than a traditional corporate vendor. MODELS, and will rival the rental As of 2013, the five main sectors(2) of the sharing (1) economy comprised a market of about US$ 15 market in size by 2025 Billion globally, according to PwC. By 2025, PwC says, this market will grow to US$ 335 Billion, more than 20 times its current size and equal to the traditional rental market Size of Sharing Economy (based on 5 Primary Sectors(2)) vs. Traditional Rental Market over Time xx Company (In US$ Billion, 2013 and 2025) Airbnb Skillshare (xx) Year Founded +37 million +1,000 classes nights stayed CAGR (2010) (2008) +2.9% Vinted Kickstarter CAGR +29.5% +14 million +US$ 1.7 billion clothes listings pledges 335 335 (2008) (Latest Available Data) Streetbank TaskRabbit +61,700 things 1.25 million shared Netflix 240 57.4 million joiners 2013 (2010) subscribers RelayRides (2008) (1997) +2,300 cities served (2010) LiquidSpace +16,000 user companies (2010) 15 Elance 2.5 million Uber DogVacay employments 2013 2025 260 cities +20,000 listed (1999) Served pet sitters Spinlister (2010) Sharing Economy (Based on 5 Primary Sector Revenues) Traditional Rental Market (2011) 100+ countries (2012) Notes: (1) Includes equipment rental, B&B and hostels, car rentals, book rental, DVD rental, and equipment rental (2) The sharing economy sectors being peer-to-peer lending and crowdfunding, online staffing, peer-to-peer accommodation, car sharing, and music and video streaming Source: “The Sharing Economy: Sizing the Revenue Opportunity”, PwC, 2014 108 Looking Ahead LA_PublicVersion(Bleed3175)_ENG_V22.indd 108 10/28/15 1:28 PM MANY SHARING ECONOMY SECTORS— INCLUDING Sharing economy businesses using “peer-to- peer” models are growing in influence, with top CAR AND HOUSE RENTAL-- performers attracting subscribers and funding at exponential rates and taking business from traditional players. While traditional WILL GROW MUCH FASTER rental industries are unlikely to disappear anytime soon, their growth will be sluggish. THAN TRADITIONAL RENTAL For example, while the car rental market is projected to grow at a CAGR of 2% through 2025, the car sharing market will grow more SECTORS than 11 times faster Projected Compound Annual Growth Rate for Key Sharing Economy Sectors (In % 2013-2025) Sharing Economy Sectors Traditional Rental Sectors 70 63 60 50 40 37 31 30 23 20 17 10 5 4 3 2 0 -10 -5 Crowd Online Staffing Peer-to-Peer Car Sharing Music & Video Equipment Bed & Book Rentals Car Rentals DVD Rentals Funding/Lending Accommodation Streaming Breakfast and Hostels Leading Sharing Economy Enterprises Impacting Traditional Business (2014 or Latest Available Data) xx Company Airbnb Skillshare (xx) Year Founded +37 million +1,000 classes nights stayed (2010) (2008) Vinted Kickstarter +14 million +US$ 1.7 billion clothes listings pledges (2008) (Latest Available Data) Streetbank TaskRabbit +61,700 things 1.25 million shared Netflix 57.4 million joiners 2013 (2010) subscribers RelayRides (2008) (1997) +2,300 cities served (2010) LiquidSpace +16,000 user companies (2010) Elance 2.5 million Uber DogVacay employments 260 cities +20,000 listed (1999) Served pet sitters Spinlister (2010) (2011) 100+ countries (2012) Source- Upper Chart: “The Sharing Economy: Sizing the Revenue Opportunity”, PwC, 2014 Sources- Lower Chart: Company websites; Literature Review Looking Ahead 109 LA_PublicVersion(Bleed3175)_ENG_V22.indd 109 10/28/15 1:28 PM P2P BUSINESSES ARE CHANGING THE WAY PEOPLE In the sharing economy, peer-to-peer (P2P) accommodation, car sharing and taxi services TRAVEL both domestically and have been among the fastest-growing sectors. By 2016, Airbnb is expected to surpass the number abroad of rooms booked per night by the world’s largest hotel chain, and it already accounts for 10% of overnight stays in London. As of March 2015, Uber drivers globally were providing more than twice the number of rides per day as all the taxis in New York City. The car sharing industry grew by a factor of more than 15 between 2006 and 2014 Examples of the Sharing Market for Accommodation and Car Rental Accommodation Airbnb Nights Booked Globally Airbnb Nights Booked (In Millions of Nights, 2008-2016) Globally Hotel (In Millions of Nights and Accommodation In % of Total, 2008-2016) Forecast 130 Bed & Breakfast Accommodation 120 110 19 100 Hostel 16 90 Accommodations 80 12 70 60 Others 50 40 30 Peer-to-Peer Accommodation 20 10 Airbnb 10.4% 11.9% 17.2% 0 2008 2009 2010 2011 2012 2013 2014 2015 2016 London Paris New York Car & Ride Sharing Growth of the Global Car Sharing Market (In US$ Billion, 2006-2014) Traditional Car Rental & Taxi Service 4.94 5 Number of Taxi Rides per Day (In Number of Rides, 2014) 4 3.48 3 1,000,000 On Demand Car 2.34 Rental Over 2 260 485,000 Cities 1.16 Peer-to-Peer 1 Car Sharing 0.67 0.35 0 Peer-to-Peer 2006 2008 2010 2012 2013 2014 New York Uber (Global) Taxi Service Taxis North America Europe Asia Australia Sources- Upper Chart: “Airbnb will soon be booking more rooms than the largest hotel chains”, Quartz, 2015; Airbnb Sources- Lower Chart: “Strategic Insights of the Global Carsharing Market”, Frost & Sullivan, 2014; 2014 New York City Taxicab Fact Book; Uber 110 Looking Ahead LA_PublicVersion(Bleed3175)_ENG_V22.indd 110 10/28/15 1:28 PM CROWDFUNDING/ CROWDSOURCING MAY Crowdfunding has raised an estimated US$ 20 Billion-plus for start-up enterprises since 2010. PRODUCE US$ 500 BILLION Today, there are more than 500 crowdfunding platforms worldwide. While the US and Europe dominate the crowdfunding market, accounting for IN CAPITAL BY 2020 59% and 35% of funds raised in 2012 respectively, the World Bank estimates the potential market in the developing world could reach US$ 96 Billion by 2025. This is more than 6 times the amount of venture capital allocated globally in 2013, excluding the US (US$ 15.4 Billion) Funds Raised Through Crowdfunding over Time (In US$ Billion, 2010-2014 and 2020) (1) Estimate Forecast Total Venture Capital 500.00 + Funding Globally 500 (In US$ Billion, 2013) 10.00 + Rest of the World 10 15 (31.8%) 5.10 5 48.5 33 2.70 (68.2%) 1.47 US 0.85 0 2010 20112012 2013 2014 2020 Potential 2025 Crowdfunding Market in the Developing World (In US$ Billion, 2025) China Europe & Central Asia 347.8 30.1% 45.0 13.7% 13.8 Middle East & North Africa South Asia 23.4 47.6 23.4% 32.4 Latin America & the 5.6 15.1% Caribbean 4.9 6.1% Sub-Saharan Africa East Asia & Pacific 6.5% 38.7 180.5 12.0% 66.9 2.5 8.0 11.0 Net Foreign Direct Investment (FDI) Inflows 2025 Crowd Funding (In US$ Billion, 2013) Market as % of 2013 FDI Crowd Funding Market (In US$ Billion, 2025 Projection) Note: (1) Projection based on current growth rates Sources- Upper Chart: “The Rise of Crowdfunding”, Wall Street Journal, 2014; “Crowdfunding Seen providing $65 Billion Boost”, Entrepreneur, 2014; “Global Venture Capital Insights & Trends 2014”, Ernst & Young, 2014 Sources- Lower Chart: World Bank Databank; “Crowdfunding’s Potential for the Developing World,” World Bank, 2014 Looking Ahead 111 LA_PublicVersion(Bleed3175)_ENG_V22.indd 111 10/28/15 1:28 PM.
Load more

Recommended publications
  • You Get What You Share: Incentives for a Sharing Economy
    The Thirty-Third AAAI Conference on Artificial Intelligence (AAAI-19) You Get What You Share: Incentives for a Sharing Economy Sreenivas Gollapudi Kostas Kollias Debmalya Panigrahi Google Research Google Research Duke University Abstract their individual resources. The platform allows the agents to In recent years, a range of online applications have facilitated list and search for available resources, which enables them resource sharing among users, resulting in a significant in- to identify partners and form sharing groups. More specif- crease in resource utilization. In all such applications, shar- ically, in workforce and educational applications, there are ing one’s resources or skills with other agents increases so- groups that work to complete a task or a project, while in cial welfare. In general, each agent will look for other agents ride sharing and room sharing applications, the notion of a whose available resources complement hers, thereby form- group appears when agents get together to use a provided ing natural sharing groups. In this paper, we study settings resource, e.g., a ride or a house. where a large population self-organizes into sharing groups. A natural goal is to partition the users into sharing groups In many cases, centralized optimization approaches for creat- ing an optimal partition of the user population are infeasible that maximize the overall utility or social welfare of the because either the central authority does not have the neces- system. One may model this as an optimization problem, sary information to compute an optimal partition, or it does where a centralized authority computes the optimal parti- not have the power to enforce a partition.
    [Show full text]
  • Resilient Streets Toolkit
    This toolkit is designed toWelcome! help you (and This toolkit is a 1.0, “beta” version. That Of course, no one can build the relation- your neighbours!) start making your means, we’re hoping that you’ll give us ships between you and your neighbours building, street or block more resilient feedback about what works and what for you – only you and your neighbours with some fun, hands-on projects. We’re doesn’t and why, and share with us what can do that. And only you and your deliberately suggesting projects that can you learn along the way so we can use neighbours can decide how you want to be done by small groups of people with your experiences and advice to help oth- go about doing that. What we’re hoping few resources, because finding creative ers. If you come across a great tool or to do is engage, inspire and assist you in ways to do lots with little is a big part of resource, send it our way so we can add any way we can. what resilience is all about! it to the kit. Every group and street is dif- ferent, but by learning together we can all become stronger – that’s a basic principle of building resilience, too! Here’s what’s included in this toolkit: • Examples of Resilient Streets projects that have been done elsewhere • How-to Guides to get started on Resilient Streets projects • Links to resources for more information and ideas We’ve organized this all into 4 categories of resilience-building activities that can work well at the street or building level.
    [Show full text]
  • Airbnb • NEIGHBORGOODS • Blablacar • Peerby • Borroclub • Krrb • Streetbank • Compare and Share • Kickstarter
    COMOODLE Website comparison List of websites • Warp-it • MyNeighbor • Uber • NEIGHBORS CAN HELP • Airbnb • NEIGHBORGOODS • Blablacar • Peerby • Borroclub • Krrb • Streetbank • Compare and share • Kickstarter List of websites • Warp-it • NEIGHBORS CAN HELP • Uber • NEIGHBORGOODS • Airbnb • Peerby • Blablacar • Krrb • Borroclub • Compare and share • Streetbank • Kickstarter What I was looking at… • Web contents • Main features • Account register • Search engines • How the websites built trust: ratings, ranking, reviews, … • Others • Mobile apps? • Email/ newsletter integration • Social media presence An example: review of Airbnb • Web contents An example: review of Airbnb • Functionality and features • Search engine (location, check-in, check-out, number of guest) • Maps with little pins An example: review of Airbnb • Functionality and features • Search bar (location, check-in, check-out, number of guest) • Maps with little pins • Offer filters to reduce search range (property type/ category…) An example: review of Airbnb • How to build trust in the community • Verified ID • Photo or official ID. • Connect another online profile • Upload profile photo and provide a phone number and email address. An example: review of Airbnb • How to build trust in the community • Verified ID • Photo or official ID. • Connect another online profile • Upload profile photo and provide a phone number and email address. Website comparison chart Warp-it Uber Airbnb Borroclub Streetbank Account register ✓ ✓ ✓ ✓ ✓ Account/ listing/ ✓ ✓ ✓ X X area) approval Link
    [Show full text]
  • Racial Discrimination in the Sharing Economy: Evidence from a Field Experiment
    Racial Discrimination in the Sharing Economy: Evidence from a Field Experiment Benjamin Edelman Michael Luca Dan Svirsky Working Paper 16-069 Racial Discrimination in the Sharing Economy: Evidence from a Field Experiment Benjamin Edelman Harvard Business School Michael Luca Harvard Business School Dan Svirsky Harvard Business School Working Paper 16-069 Copyright © 2015, 2016 by Benjamin Edelman, Michael Luca, and Dan Svirsky Working papers are in draft form. This working paper is distributed for purposes of comment and discussion only. It may not be reproduced without permission of the copyright holder. Copies of working papers are available from the author. Racial Discrimination in the Sharing Economy: † Evidence from a Field Experiment Benjamin Edelman,* Michael Luca,** and Dan Svirsky*** September 4, 2016 Abstract Online marketplaces increasingly choose to reduce the anonymity of buyers and sellers in order to facilitate trust. We demonstrate that this common market design choice results in an important unintended consequence: racial discrimination. In a field experiment on Airbnb, we find that requests from guests with distinctively African-American names are roughly 16% less likely to be accepted than identical guests with distinctively White names. The difference persists whether the host is African-American or White, male or female. The difference also persists whether the host shares the property with the guest or not, and whether the property is cheap or expensive. We validate our findings through observational data on hosts’ recent experiences with African-American guests, finding host behavior consistent with some, though not all, hosts discriminating. Finally, we find that discrimination is costly for hosts who indulge in it: hosts who reject African- American guests are able to find a replacement guest only 35% of the time.
    [Show full text]
  • The Economics of Crowdfunding : Entrepreneurs’ and Platforms’ Strategies Jordana Viotto Da Cruz
    The Economics of Crowdfunding : Entrepreneurs’ and Platforms’ Strategies Jordana Viotto da Cruz To cite this version: Jordana Viotto da Cruz. The Economics of Crowdfunding : Entrepreneurs’ and Platforms’ Strategies. Sociology. Université Sorbonne Paris Cité, 2017. English. NNT : 2017USPCD030. tel-01899518 HAL Id: tel-01899518 https://tel.archives-ouvertes.fr/tel-01899518 Submitted on 19 Oct 2018 HAL is a multi-disciplinary open access L’archive ouverte pluridisciplinaire HAL, est archive for the deposit and dissemination of sci- destinée au dépôt et à la diffusion de documents entific research documents, whether they are pub- scientifiques de niveau recherche, publiés ou non, lished or not. The documents may come from émanant des établissements d’enseignement et de teaching and research institutions in France or recherche français ou étrangers, des laboratoires abroad, or from public or private research centers. publics ou privés. |_|_|_|_|_|_|_|_|_|_| UNIVERSITE PARIS 13 U.F.R. DE SCIENCES ÉCONOMIQUES ÉCOLE DOCTORALE : ERASME NO 493 THÈSE Pour obtention du grade de Docteur de l’Université Paris 13 Discipline : Sciences Économiques Présentée et soutenue publiquement par Jordana VIOTTO DA CRUZ Le 13 novembre 2017 « The Economics of Crowdfunding: Entrepreneurs’ and Platforms’ Strategies » Directeurs de thèse Marc BOURREAU, Télécom ParisTech François MOREAU, Université Paris 13 Jury Thierry PÉNARD, Professeur, Université Rennes 1 Président Paul BELLEFLAMME, Professeur, Aix-Marseille Université Rapporteur Jörg CLAUSSEN, Professeur, Ludwig-Maximilians-Universität München Rapporteur Françoise BENHAMOU, Professeur, Université Paris 13 Examinateur Marc BOURREAU, Professeur, Télécom ParisTech Directeur de thèse François MOREAU, Professeur, Université Paris 13 Directeur de thèse UNIVERSITÉ PARIS 13 U.F.R.
    [Show full text]
  • Crowdfunding, Crowdsourcing and Digital Fundraising
    Fundraising for Archives Crowdsourcing, Crowdfunding and Online Fundraising Crowdfunding, Crowdsourcing & Digital Fundraising Aim of Today This session will help to demystify the landscape surrounding crowdsourcing, crowdfunding, and online fundraising providing you with information and tools essential when considering these different platforms. Plan for today • Understand the digital fundraising techniques • Evaluate what components are required for an online campaign to be successful • What does a good online case for support look like • Reflect on examples of good practice • Build a crowdfunder plan 4 5 Apples…….oranges……or pears? Digital isn’t complicated – change is! 7 DO YOU HAVE THE RIGHT TOOLS FOR THE JOB TO NAVIGATE THE MAZE 8 Your Crowd… • Internal Stakeholders • External Stakeholders Databases: Which one do you choose? Microsoft Dynamics 10 Who’s Online ONS 2015 ONLINE DONATION METHOD Blackbaud 2014 12 DO YOU HAVE THE RIGHT TOOLS FOR THE JOB TO NAVIGATE THE MAZE • Email • Website / online platform • Social Media • CRM System / Database • Any others…… You need to be able to engage with your online audience on multiple platforms! 13 Email "Correo." by Itzel402 - Own work. Licensed under CC BY-SA 3.0 via Wikimedia Commons - 14 https://commons.wikimedia.org/wiki/File:Correo..jpg#/media/File:Correo..jpg http://uk.pcmag.com/e-mail-products/3708/guide/the-best-email-marketing-services-of-2015 15 Social Media 16 Social Media Channel Quick Guide •Facebook - Needs little explanation. Growing a little older in terms of demographics. Visual and video content working well. Tends to get higher engagement than Twitter. •Twitter - The other main channel. Especially useful for networking and news distribution.
    [Show full text]
  • Innovative Financing of Creative Projects on the Kickstarter Platform: Ukrainian and Polish Experience
    E3S Web of Conferences 166, 13019 (2020) https://doi.org/10.1051/e3sconf/202016613019 ICSF 2020 Innovative financing of creative projects on the Kickstarter platform: Ukrainian and Polish experience Iuliia Gernego1,*, Liudmyla Petrenko2, Mykhailo Dyba1, and Vitalii Tsarov2 1Kyiv National Economic University named after Vadym Hetman, Corporate Finance and Controlling Department, 54/1 Peremohy Ave., Kyiv, 03057, Ukraine 2Kyiv National Economic University named after Vadym Hetman, Business Economics and Entrepreneurship Department, 54/1 Peremohy Ave., Kyiv, 03057, Ukraine Abstract. In the era of digital economy, the crowdfunding platforms provide the background to mitigate cross-country differences within project financing. In particular, creative projects are important as a vital driver in maintaining business and social sector competitive. Thereby, research problem lays upon the potential of providing crowdfunding support to overcome the creative project divide in different countries. The paper aims to provide scientific support on creative projects innovative financing in Ukraine and Poland within Kickstarter. The research methodology is based on Kickstarter data (10 years; 83 industries and 898 projects) processed by statistical analysis. The Concentration Ratio (CR) was modified to measure the concentration of efforts, considering the largest creative industries within Kickstarter platform. The results section represents high rates of concentration of efforts for Ukrainian creative projects that commercialize tangible physical goods: Product Design and Gadgets. At the same time, in Poland the main concentration of efforts is in the field of intangible intellectual products: Tabletop Games and Video Games. Thus, digital platform is a reflection of interrelations between intangible and tangible values in economies. The study results can be used within national programs of creative innovative projects financial support.
    [Show full text]
  • Prosocial Exchange Systems: Nonreciprocal Giving, Lending, and Skill-Sharing
    Journal Pre-proof Prosocial exchange systems: Nonreciprocal giving, lending, and skill-sharing John Harvey, Andrew Smith, David Golightly, James Goulding, Samanthika Gallage PII: S0747-5632(20)30024-8 DOI: https://doi.org/10.1016/j.chb.2020.106268 Reference: CHB 106268 To appear in: Computers in Human Behavior Received Date: 2 May 2019 Revised Date: 6 January 2020 Accepted Date: 15 January 2020 Please cite this article as: Harvey J., Smith A., Golightly D., Goulding J. & Gallage S., Prosocial exchange systems: Nonreciprocal giving, lending, and skill-sharing, Computers in Human Behavior (2020), doi: https://doi.org/10.1016/j.chb.2020.106268. This is a PDF file of an article that has undergone enhancements after acceptance, such as the addition of a cover page and metadata, and formatting for readability, but it is not yet the definitive version of record. This version will undergo additional copyediting, typesetting and review before it is published in its final form, but we are providing this version to give early visibility of the article. Please note that, during the production process, errors may be discovered which could affect the content, and all legal disclaimers that apply to the journal pertain. © 2020 Published by Elsevier Ltd. Credit Author Statement John Harvey - Conceptualization, Methodology, Software, Formal Analysis; Andrew Smith - Supervision, Writing - Original Draft; David Golightly - Supervision, Writing - Original Draft; James Goulding - Software, Formal Analysis; H.P. Samanthika Gallage - Writing - Review & Editing Prosocial Exchange Systems: Nonreciprocal giving, lending, and skill-sharing Running Title: Reciprocity in Prosocial Exchange Corresponding Author Dr John Harvey is an Assistant Professor of Marketing at the University of Nottingham and the Economic Networks lead within the Neo-demographics Lab.
    [Show full text]
  • Ten Things You Need to Know Before Engaging in Accredited Crowdfunding
    BOSTON CONNECTICUT NEW JERSEY NEW YORK WASHINGTON, DC www.daypitney.com Ten Things You Need to Know Before Engaging in Accredited Crowdfunding By Eliza Sporn Fromberg and Norbert Mehl It has been over a year since the Securities and Exchange Commission (SEC) permitted securities issuers to market their capital raises using general solicitation and general advertising while still qualifying for an exemption from public registration. During this time, hundreds of online crowdfunding platforms have launched – seemingly overnight – offering investment opportunities in private companies. For a company seeking to raise capital, these “accredited crowdfunding”1 platforms offer the tantalizing possibility of raising funds with the click of a button. As this new industry grows and develops, it’s conceivable certain accredited crowdfunding platforms may become as ubiquitous as traditional broker-dealers. But in this nascent industry, how should a company seeking to raise capital for a new or existing venture go about selecting the most suitable crowdfunding solution? The following are 10 things you should know before engaging in accredited crowdfunding. 1. Who is eligible to raise funds through accredited crowdfunding? In the United States, securities offerings made pursuant to Rule 506 of Regulation D under the Securities Act of 1933 are not deemed “public” offerings under the securities laws and are therefore exempt from public registration with the SEC. With one exception, any company can make this type of “private” offering of its securities – and raise an unlimited amount of money from accredited investors – using general solicitation and general advertising, either on its own or using an intermediary such as an accredited crowdfunding platform.
    [Show full text]
  • Growth of the Sharing Economy 2 | Sharing Or Paring? Growth of the Sharing Economy | 3
    www.pwc.com/hu Sharing or paring? Growth of the sharing economy 2 | Sharing or paring? Growth of the sharing economy | 3 Contents Executive summary 5 Main drivers 9 Main features of sharing economy companies 12 Business models 13 A contender for the throne 14 Emergence of the model in certain key sectors 16 I. Mobility industry 16 II. Retail and consumer goods 18 III. Tourism and hotel industry 19 IV. Entertainment, multimedia and telecommunication 20 V. Financial sector 21 VI. Energy sector 22 VII. Human resources sector 23 VIII. Peripheral areas of the sharing economy 24 Like it or lump it 25 What next? 28 About PwC 30 Contact 31 4 | A day in the life of the sharing economy While he does his Yesterday Peter applied for an online Nearby a morning workout, Peter data gathering distance young mother 8:00 listens to his work assignment 12:30 offers her Cardio playlist on Spotify. on TaskRabbit. home cooking So he can via Yummber, 9:15 concentrate better, and Peter jumps he books ofce at the space in the opportunity. Kaptár coworking ofce. On Skillshare, 13:45 16:00 he listens to the Nature Photography On the way home for Beginners course. he stops to pick up the foodstuffs he 15:45 To unwind, he starts ordered last week from watching a lm on Netflix, the shopping community but gets bored of it and reads Szatyorbolt. his book, sourced from A friend shows him Rukkola.hu, instead. a new Hungarian board game under development, on Kickstarter. Next week he’s going on holiday in Italy 18:00 He likes it so much with his girlfriend.
    [Show full text]
  • Equity Crowdfunding & Peer-To-Peer Lending
    LEGALINK I EQUITY CROWDFUNDING AND PEER TO PEER LENDING EQUITY CROWDFUNDING & PEER-TO-PEER LENDING 2019 1ST EDITION 1 LEGALINK I EQUITY CROWDFUNDING AND PEER TO PEER LENDING INTRODUCTION Crowdfunding has already an established and proven recognition worldwide as a powerful alternative financing tool. Three main points should be signaled in this respect. On the one hand, the volume of the crowdfunding market keeps increasing sharply at global level. On the other hand, the crowdfunding market is very dynamic as new crowdfunding platforms have recently started to operate. Finally, the projects to be financed through crowdfunding platforms are more and more diverse. In this context, at a time when crowdfunding regulation is subject to discussion around the globe (namely in the context of the Proposal for a EU Crowdfunding Regulation), is seems important to assess the legal responses from various relevant jurisdictions, in respect to Equity Crowdfunding and Peer to Peer Lending. Such is the purpose of this publication. This book is dedicated to the memory of Georg Van Daal, Former Deputy Head of Legalink FinTech Forum. Georg was a brilliant lawyer and a partner at Ekelmans & Meijer from 2014 to 2018. He was key to the structuring and to the development of this project but unfortunately could not live to see its final form. He is dearly missed. October 2019 Paulo Câmara Managing Partner of Sérvulo & Associados Leader of the Legalink FinTech Forum 2 LEGALINK I EQUITY CROWDFUNDING AND PEER TO PEER LENDING INDEX ARGENTINA ..........................................................................................................................................................................................................................................................................................................................................04
    [Show full text]
  • Perspectives on the Sharing Economy
    Perspectives on the Sharing Economy Perspectives on the Sharing Economy Edited by Dominika Wruk, Achim Oberg and Indre Maurer Perspectives on the Sharing Economy Edited by Dominika Wruk, Achim Oberg and Indre Maurer This book first published 2019 Cambridge Scholars Publishing Lady Stephenson Library, Newcastle upon Tyne, NE6 2PA, UK British Library Cataloguing in Publication Data A catalogue record for this book is available from the British Library Copyright © 2019 by Dominika Wruk, Achim Oberg, Indre Maurer and contributors All rights for this book reserved. No part of this book may be reproduced, stored in a retrieval system, or transmitted, in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without the prior permission of the copyright owner. ISBN (10): 1-5275-3512-6 ISBN (13): 978-1-5275-3512-1 TABLE OF CONTENTS Introduction ................................................................................................. 1 Perspectives on the Sharing Economy Dominika Wruk, Achim Oberg and Indre Maurer 1. Business and Economic History Perspective 1.1 .............................................................................................................. 30 Renaissance of Shared Resource Use? The Historical Honeycomb of the Sharing Economy Philipp C. Mosmann 1.2 .............................................................................................................. 39 Can the Sharing Economy Regulate Itself? A Comparison of How Uber and Machinery Rings Link their Economic and Social
    [Show full text]