Jeremiah Owyang: The Collaborative Economy Will Double This Year

Jeremiah Owyang, collaborative economy analyst

Jeremiah Owyang,
collaborative economy analyst

Jeremiah Owyang | Wall Street Journal | Apr 23, 2014 – By using emerging technologies, people are becoming empowered to get what they need from each other, rather than buying from traditional corporate channels. This means that established big brands are going to have to revise their business models to partner with this empowered crowd.

This is according to Sharing is the New Buying, a research report on the growing collaborative economy that I co-authored with Vision Critical, a customer community software company. What we found was both confirming and surprising.

The acceptance in mature markets of used-good sharing, like eBay and Craigslist is well established, but in the new market sectors where we see Airbnb, Uber, Lyft, Lending Club for peer-to-peer sharing of accommodations, transportation and crowd-funding, we saw a single digit adoption rate. What really piqued our interest, however, was finding that people indicated they intend to double their utilization of these sharing services within the next 12 months.

See what other startup mentors have to say about the sharing economy.

This growing collaborative economy isn’t limited to a single demographic. It was discovered that the sharing of pre-owned goods through online technologies, crosses demographic lines, even far into rural areas. Many attribute this movement to global recession, but we found that those who make over $100K a year were more likely to have used shared personal services than any other group.

The collaborative movement isn’t limited to sharing goods. There’s an increase in adoption of the Maker Movement, where people create their own goods, rather than buying them through traditional commercial channels. In the past 12 months, 9% of the population has used custom products. Another 9% intend to do so in the next year. More examples of people getting what they need from others.

What does this trend mean? It means people are using new technologies to access goods and services from each other. They’re acquiring and sharing things, including money, directly with each other, bypassing traditional corporations. The crowd is becoming functional and self-reliant. People can self-fund, make their own goods, share what they already have and provide specialized services to each other.

read more:


BloombergCouples Desperate For Children Turn to Crowdfunding FertilityBloombergCrowdfunding has become a popular mechanism for many couples who can't afford the high costs of IVF, or adoption and surrogacy. “It's not an easy thing to share publicly,” says Crystal Barrett, 33 [...]

MarketWatchWhy a crowdfunding site is giving out $10000 scholarshipsMarketWatchCrowdfunding site GoFundMe announced Thursday that it will award $10,000 to 10 students with pages on their site that fundraise for education. The award is part of a contest the site held throughout Septemb [...]

MottoYou'll Never Believe How Couples Are Paying for IVFMottoMore and more couples are turning to crowdfunding to fund costly in vitro fertilization (IVF) treatments, Bloomberg reports. The cost of IVF treatments, a popular choice for women struggling with infertility issues, ave [...]

WestwordProgressive-Rock Band Marillion Pioneered CrowdfundingWestwordThat was the beginning of crowdfunding for us — and for every band, really.” When it came time for the recording and release of the followup to the 1999 record, Kelly and the band realized that one of [...]

Huffington PostReal Estate Crowdfunding's Pathway of ChangeHuffington Post“Crowdfunding is just the Internet,” stated Attorney Mark Roderick as he opened last month's RealCap Chicago. RealCap is an annual conference that joins crowdfunding leaders and innovators to propel th [...]

CoinTelegraphCrowdfunding vs. ICO: Experts Question Legitimacy and Guarantees ...CoinTelegraphThe simplistic idea behind crowdfunding a non-existent software or system has become a trend in the cryptocurrency industry, but most Bitcoin experts are highly ...and more » [...]

Crowdfund Expansion - Seedrs Moves Into Europe With EU Financial Services PassportForbes“We want break down national barriers and geographic barriers,” says Jeff Lyn, co-founder and CEO of UK crowdfunding platform, Seedrs. “Why limit investment to within fifty miles of your house?” On [...]

ForbesVenture Crowdfunding Revisited: An Update with NIN VenturesForbesI am about to head off to attend the Global Crowfunding Convention (GCC) 6 in Las Vegas. It will be my fourth time attending. The crowdfunding industry has grown from $16 billion in 2014 to $34 billion in 2015, and [...]

Crowdfund InsiderTitle III Crowdfunding Might Not Be What Many ExpectedCrowdfund InsiderI have been immersed in the equity crowdfunding industry since late 2015 and have tried to collect as many different perspectives on the industry from as many experts as possible. And while it is h [...]

PC MagazineHow to Crowdfund Without Going Broke and Irking Your BackersPC MagazineTo say crowdfunding is on the rise would be an understatement. Crowdfunding—raising small amounts of money from a large number of people in order to launch a product, service, or project of some sort—is [...]

CFB Finance

Press Release

CrowdFund Beat News

Hello @CrowdFundBeat's 17296 followers - thank you so much for following! Wishing you all a happy Friday! >>

Live Crowdfunding .tv

What's Next Step in Regulation A+ JOBS ACTS Title IIII :L Interview : Steve Cinelli with Brian Korn Securities and Crowdfunding/Peer-to-Peer Lending Lawyer, Watch more video library | Conference | Interview | Campaign Showcase | Research | Education |