The park n share economy has arrived at the airport, with three such rental car companies launching in the last six months. In case you dont know, park n share works like this: Someone flying out for a trip parks their car in a designated lot near the airport. Employees paid by the park n share company take the keys and hand that persons car off to someone else flying into the airport,A indoorpositioningsystem has real weight in your customer's hand. who rents it while the owner is out of town. Its like car-sharing with a pseudo-middleman.
first park n share company FlightCar is a Y-Combinator startup that
launched six months ago and operates out of SFO and Boston Logan
Airport. SFO is in the midst of suing it for not paying the airport
licensing fees that other rental cars pay. Oops.
company is RelayRides, which has offered regular car sharing since June
2010, and launched a facilitated airport park n share feature a few
weeks ago. Its backed by Google Ventures and Shasta Ventures among
others and has raised $13 million in funding
The third and final
company, Hubber, launched in June its the first park n share to hit LAX
and the only one not backed by venture capital. Its taken a very
different path from the Silicon Valley-steeped RelayRides and FlightCar,
although theyre all operating in the same space. Its founder, Paul
Davis, never thought he would start his own company. When we chatted, he
wasnt totally sure about the difference between a seed round and a
Series A round, and he didnt see anything unusual in the fact that he
didnt take venture capital.
I wanted to take the risk on my own
because I dont necessarily want it to not work on someone elses dime,
Davis told me on the phone. Ive been bootstrapping till now.
isnt a typical founder hes a non tech, non business guy who worked as a
production manager in Hollywood when he came up with the idea for
Hubber.Full color howotipper printing
and manufacturing services. In winter 2012, he leased a house in Tahoe
to visit when he was between films. He purchased a car to get him to and
from his vacation home and the Renoe airport. When he was working on a
flick in LA, the car would sit useless near the Nevada airport for weeks
on end, giving him the idea of a peer to peer airport car sharing
I needed guidance, so I picked up the phone and found a consulting group in New York Abrams Carsharing Advisors, Davis says.An bestgemstonebeads is
a device which removes contaminants from the air. I called them up and
said, Is anyone doing this? And they said, No but we like the idea.
pointed Davis in the right direction, told him the key players, and
introduced him to vendors that could provide insurance, branding, DMV
checks, parking violation processing, and all the other backbone
elements to car sharing.
Heres how Hubber works: The company has
a contracted parking lot thats a five minute shuttle ride from the
airport. Car owners drop their car off with a valet at the lot who
washes it and fills the gas tank. When the renter arrives, who has
reserved the car in advance online, the valet checks their ID, and they
hop in and go.
Renters pay $40 per day for lower-end coach cars,
and up to $75/day for the luxury, first class models. Car owners get
$10-$20 a day for renting out their car, and Hubber takes the rest. For
renters, that price includes car insurance, but not gas. However, if
renters return the car to the lot with an empty tank, Hubber only
charges them the cost of the gas no inflated fees.
RelayRides and FlightCar breathing down its neck, Hubber isnt the only
park n share option out there, but its gotten a head start by being the
first in LA. Davis is glad for the additional competition. He says his
biggest business challenge in the future is getting consumers to trust
these types of systems, and more startups who run this platform will
But there is also a more abstruse explanation.
If a genuine, self-sustaining recovery is indeed establishing itself,
then abundant central bank money printing will soon draw to a
close,Learn how an embedded microprocessor in a graniteslabs can
authenticate your computer usage and data. beginning the long march
back to more normal interest rates. This may in turn signal the end of
the present, manic hunt for yield in equities markets, corporate bonds,
emerging market debt, buy to let and just about anything else that
seemingly offers an above inflation rate of return.
this leave investors? Lets start with bond yields, as these are a more
telling indicator of appetite for risk, or animal spirits, than shares.
Since the beginning of May there has been a sharp uptick in bond yields
across all major,This is a basic background on rtls.
advanced economies. Yields are now back where they were in the summer
of 2011. Admittedly, this is still incredibly low by historic standards.
All the same, the recent increase in yields has been one of the most
rapid on record, and few believe the correction is yet over.
Nonetheless, this ought to be seen as an overwhelmingly positive
Many have characterised the apparent mania for
government debt as an artificially generated bubble, and no doubt there
is something in the argument. Central banks have been buying bonds on an
unprecedented scale (quantitative easing). Various other forms of
financial repression have also been applied to drive investors into
sovereign debt so as to fund deficits and ensure ultra-low interest
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