Shareconomics has become a rage and a phenomenon amongst the millennials. Why Own an Item when you can Rent seems to be the common adage for the current generation. Take for example a car purchase. The majority of vehicle owners will attest to the fact, that their vehicles lie idle for around 85% of its life if not higher. If a person does own a car and they have time to spare why not offer them a chance to charge a fee for usage of their car (which would have otherwise been lying dormant in a garage / car park). This line of thinking by Travis Kalanick & Garrett Camp led them to launch one of the hottest ride sharing startups UBER which in its latest round of fundraising was being valued at $62.5 Bn. While in theory the oldest example of shareconomy has been in existence for thousands of years – namely house rentals, the new age examples are for products / services at a more micro level.
Pranam likes to think of himself as a Jack of all Trades, Master of Some. He loves travelling, running, hiking and being close to nature. He is a foodie and is always experimenting with new cuisines albeit only the eggetarian fares. He’s also fascinated & passionate about the startup ecosystem, closely tracking trends and developments. He is constantly in search of new experiences and hopes to never stop learning for the rest of his life.