Accelerator series stated that adoption of the Collaborative Economy is going to double. According to 90,000 people surveyed from the general population from the US. The UK, and Canada. Also, Bazzarvoice’s CMO, Lisa Pearson, points out that the peer-to-peer commerce movement is growing as people are now able to get goods, services, space, transportation, and money from each other. All of this information is well-known to VCs already. Their access to the startups they invest in allows them to see raw growth numbers from the startups themselves. Over the past year I’ve chronicled funding in this space, analyzed the investors. However, Raises Over and broken down average funding amounts.
I was amazed
By the funding in this one, single month of April. Collaborative Economy funding in April 2014: P2P hospitality brand Airbnb, valued at $10 billion, raised $450 million, April 8th, with a cheeky “eff Hotels” footnote. P2P financial service, LendingClub, raised $115 million in debt financing and made a strategic acquisitions today, April Netherlands Email List 29 P2P crowdfunding platform, OurCrowd, raised $25 million series B. P2P Airbnb for retail, called Storefront, raised $7.3 million P2P gift economy startup. Therefore, Yerdle, raised $ 5 million P2P boat lending startue. Therefore, Boatbound raises 2.5 million.
Total April Funding
$854,500,000 or averaged as $28m a day, or about $2m an hour. Bubble or Bull Market? For context, publicly-traded Twitter has raised a total of 1.2 billion over its eight year lifetime while Facebook has raised $2.4 billion over Thailand Email List the ten years of its lifetime. Not everyone agrees that this growth is for the best. Forbes magazine took me to task for my Tweets, suggesting that the tech space is getting inflated and that we are in the midst of a bubble. In conclusion, there’s no question that this new market has many downsides, as pointed out by my recent post on the dark side of this burgeoning people economy. The big question, that folks like Neal Gorenflo at Shareable will tackle.
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