The collaborative consumption model—known as peer-to-peer, or P2P—is based on the sharing, swapping, trading or renting of products or services allowing customers to have goods without having to claim ownership. This business model enables peers to buy and sell products from each other and gives businesses the opportunity to bring consumers and providers together under their own umbrella brand, facilitating both a transaction and a transaction fee for use of their services. Discussing this Wednesday on Dot Complicated with Randi Zuckerberg on SiriusXM was Robin Chase, CEO/co-founder of Buzzcar and founder of Zipcar, and Vanessa Londono, Community Director of Krrb.
Here are their best soundbites:
ROBIN CHASE of Buzzcar:
“I think everyone around the world does a lot of P2P sharing, and now we can share through apps, with technology. It’s happening everywhere.”
“The competition is driving your own car in the U.S., in Europe it’s taking rail or bus.”
“Ride selling, or The People’s Taxi, that’s what Lyft and Uber are. Ride-sharing is completely different.”
“I think with all P2P companies people are making a personal relationship, whether or not they are aware of it.”
“With Zipcar we wanted to emphasize that this is the car you see in your neighborhood. With Buzzcar this is the car you know the owner of.”
“I think eBay was the first with peer production.”
“I think it’s important that the customer is rated as well because there are a lot of jerks out there.”
“I think that you use whatever you can to get into the door and raise capital. Once you get in the door, you have to demonstrate your knowledge.”
“I feel like there’s a lot of discrimination going on in the venture capital world. The numbers tell us so. But it’s not a negative discrimination.”
“If we 3 women were in a room with 97 men, we would have a special bond. It’s that special bond that people have to embrace.”
“VCs and Angels might not think they are discriminating against me, but they are actually looking for someone who’s just like they are.”
“I’ve had a huge amount of press is because I built great companies, but part of it is a need for gender balance.”
“Be really on top of what it is you’re building. See each meeting as a personal consultant.”
“When you’re explaining your idea to someone, instead of thinking that the person asking what you think is a dumb question to ask, you should really see it as how you explained your idea in such a way that someone couldn’t grasp what you were saying.”
“There’s a lot more openness and a lot more business models based on a collaborative economy.”
“Cisco has a lending library of high-priced equipment within the company. It’s shared resources.”
“There’s a company called Rover where you walk other people’s dogs.”
“I think P2P started with our most expensive assets—houses, cars.”
“SeeClickFix is where you can register potholes, or a branch down. The local government is crowd-sourcing things that need to get down around the neighborhood.”
“Quirky is a P2P asking for consumer product inventions. They crowd-source invention parts.”
“One of the reasons I launched in France was to ensure I protect the car owners. One country, one set of rules.”
“No individual is going to be able to persuade a large company to change the way they handle insurance.”
“Insurance companies are incredibly risk adverse. It’s annoying trying to do anything innovative with insurance.”
“The biggest challenge was going from insurance by the year going to by the hour or by the mile.”
“Different individuals have different driving skills. The French don’t have that background information for drivers. “
“What’s compelling about Veniam is sharing your wireless devices—turning it into a receiver and transmitter.”
“If you think about connecting to wifi, there’s a 15-30 second hand-off. Veniam makes that handoff zero. All those shared networks should be irrelevant to the user.”
“Moves is a great app to see how far I’m walking,”
VANESSA LONDONO of Krrb:
“Europe, France especially, is known for their flea markets. That’s the feel of Krrb.
Being able to connect with the neighborhood.”
“We have such a variety of buyers and sellers. We recently had a camel trekking business that found a saddle in Brooklyn.”
“The human element of our buyers and sellers supports the connection and has grown Krrb to over 100,000 members on a global scale.”
“We do a lot of outreach with local events to market Krrb.”
“Great photos make a big difference in getting your stuff noticed.”
“Members that have their own photos is a major difference between us and Craigslist. It’s a personal tie.”
“We see more and more businesses coming to Krrb. It’s another revenue stream for them.”
“We push the human element. There’s no anonymity like there is on Craigslist.”
“I bought a record player from a graphic artist I became friends with and helped get a job.”
“I bought a set of Christmas glasses from a seller in Baltimore that I keep going to her corner to see what else I can pick up from her.”
Make sure to join Dot Complicated with Randi Zuckerberg every Wednesday on SiriusXM Business Channel 111, 9am PST/12EST.
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