Uber, the ride sharing app, continues to skyrocket in valuation. In August 2013, it was valued at $3.7 billion. In June 2014, it was valued at $17 billion. And today, it’s reportedly worth $40 billion, making it the world’s highest valued startup. This is the financial impact of the new sharing economy, and investors need to take note.
What is this new collaborative economy? Technology and communication has facilitated people in finding new ways of sharing assets such as homes, cars, and vacation rentals. Even more, investments and fundraising can also be shared through crowdfunding and peer-to-peer lending. Bitcoin, using the blockchain, is also peer-to-peer in the way it operates.
ValueWalk's Raul Panganiban interviews Kirk Du Plessis, Founder and CEO of Option Alpha, and discuss Option Alpha and his general approach to investing. Q1 2021 hedge fund letters, conferences and more The following is a computer generated transcript and may contain some errors. Interview with Option Alpha's Kirk Du Plessis
Collaborative Economy: Sharing is the New Buying
Infgraphic source: Vision Critical