SharingEconomyTrends

We Expect This Business To Be Very Profitable

“Not only do we expect to hit cashflow break-even, but we expect this business to be very profitable at maturity,” says Uber CEO Dara Khosrowshahi. “I think that going forward our spending declines as a percent of revenue. So when you’re growing trips 35 percent year on year your spending is going to increase. But …

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Turo Car-Sharing App Gets $250 Million From IAC To Take On Car Rental Industry

“As we continue to grow and invest in our brand more and more people are sharing their vehicles,” says Turo CEO Andre Haddad. “With our app, you can actually share your car so that you can earn money when you’re not using your car. Last year we ended the year with more than 400,000 vehicles …

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We Are a Marketplace That Sells Demand Generation, Says Grubhub CEO

“We are a marketplace that sells demand generation,” says Grubhub CEO Matt Maloney. “We sell growth. That’s what our primary product is. We’re not a logistics company. We do logistics because we know that’s an end to get to restaurant growth and make money off our logistics. The gross margins on the logistics are not …

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We’re Trying to Build the Amazon Prime of Rental, Says Rent the Runway CEO

“You will see the continuous expansion over the next year into many different categories,” says Rent the Runway CEO Jennifer Hyman. The company just raised additional funds at a $1 billion valuation. “Anything that you do not use every single day, we want to make it fiscally irresponsible for someone to not have a subscription …

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Lilium eVTOL Jets Aim To Be First To Offer Ride-Sharing Autonomous Flights

Lilium is a company whose vision is to enable a world where anyone can fly, anywhere anytime, according to Lilium’s Head of Program Management, Andrew Welling. “We’re doing that via an all-electric vertical takeoff and landing (eVTOL) jets,” he says. “By 2025, we hope that everyone will be able to order one of our jets …

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Autonomous Driving is Coming No Matter What, Says SoftBank CEO

“Autonomous driving is coming no matter what,” says Says SoftBank CEO Masayoshi Son. “That’s the destiny of where technology is going to drive us.” He adds: “When autonomous driving comes the cost of providing the service will dramatically get more efficient. It will also dramatically reduce the rate of accidents compared to human driving accidents. …

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