Welcome, this industry newsletter shares key market changes, in a twice-monthly publication, curated by Jeremiah Owyang, Founder of Crowd Companies™, you can subscribe to the email newsletter on the footer of the homepage.
Honeycomb 3.0 Update Shows Expansion Into New Industries
Crowd Companies’ latest version of the Honeycomb framework, Honeycomb 3.0, shows how the Collaborative Economy has grown to include new applications in Reputation and Data, Worker Support, Mobility Services, and the Beauty Sector. This is a market map to help understand how your industry can benefit from the Collaborative Economy by partnering with new startups. More than 460 startups were reviewed, and 280 were chosen to be included in Honeycomb 3.0.
Sharing Economy Is the Most Thriving Sector in UK, While Retail On Decline
A recent report by O2 Business and the Centre of Economic and Business Research names the sharing and rental economy the top growth industry in the United Kingdom. The rise of the Collaborative Economy in the UK is driven, in part, by ride- and car-sharing startups, as well as those in home rental and sharing. Conversely, the retail trade is one of the UK’s top 10 business sectors in decline. It’s ranked sixth, alongside manufacturing, printing, and media production. Get more information on the report from Forbes.
Collaborative Economy Has Created 17 Billion-Dollar Companies
VentureBeat reports that the sharing economy has created 17 billion-dollar companies (including 10 unicorns) with 60,000 employees and $15 billion in funding. While most of the startups were founded relatively recently, many became billion-dollar companies in less than four years. Twelve of the 17 are based in the U.S., with eight coming from California. Read the full article with additional information on the 17 companies and growth of the Collaborative Economy.
We want to hear from you! What are the market impacts are of this week’s news stories? Email Crowd Companies’ Founder Jeremiah Owyang directly to share your thoughts.