Sharing Economy timeline evolution

MILESTONE EVENTS

Detailed description

First time the theme is addressed

1978

Marcus Felson and Joe L. Speech publishes a paper entitled "Community Structure and Collaborative Consumption".

Creation of "TimeBanking"

1980

Edgar Cahn creates TimeBanking.

Creation of the world's first smartphone

1993

IBM creates Simon, as the world's first smartphone.

Creation of eBay

1995

Launching of eBay.

Creation of Craigslist

1996

Launching of Craigslist.

Introduction of the concept "commons-based peer production"

2002

Yochai Benkler introduces a new concept: "commons-based peer production".

Creation of Etsy

Approx. 2005

Launching of Etsy.

Creation of Zopa

Approx. 2005

Launching of one of the world's earliest peer-to-peer lending sites, raising $1 million.

Creation of Apple's iPhone

Approx. 2007

Apple unveils the iPhone.

Great Recession begins

Approx. 2007

World Great Recession begins.

Creation Airbnb (then called "AirBed & Breakfast")

Approx. 2008

Launching of Airbnb, then called "AirBed & Breakfast".

Creation of the first Android cellphone.

Approx. 2008

The G1, the world's first Android device, goes on scale.

The term Sharing Economy was first used

Approx. 2008

Academically speaking, the term Sharing Economy was first used by Professor Lawrence Lessig at Harvard Law School in 2008.

Creation of Green Desk

Approx. 2008

Adam Neumann and Miguel McKelvey convert a floor of a Brooklyn (New York) warehouse into a coworking office called "Green Desk".

First steps in creating Uber

Approx. 2008

Garrett Camp and Travis Kalanick start planning to create a limo timeshare service, which ultimately led to the creation of Uber.

Airbnb gets $600,000 in venture capital

Approx. 2009

Airbnb gets $600,000 in venture capital

Uber gets $1.25 million in venture capital

Approx. 2010

Uber gets $1.25 million in venture capital

Creation of Grubwithus

Approx. 2010

"Grubwithus", a shared dining application, raises a round of funding.

Uber gets $7.2 million in venture capital

Approx. 2010

Uber gets $7.2 million in venture capital

Creation of OlaCabs

Approx. 2010

Mumbai-based "OlaCabs" is founded.

Uber gets $11 million cash in venture capital

Approx. 2011

Uber gets $11 million cash in venture capital.

DST Global LP buys a percentage stake of Airbnb

Approx. 2011

DST Global LP buys a percentage stake of Airbnb for $100 million.

Airbnb gets $112 million in venture capital

Approx. 2011

Airbnb gets $112 million in venture capital.

Uber gets $37 million in venture capital

Approx. 2011

Uber gets $37 million in venture capital.

Creation of Lyft

Approx. 2012

Logan Green and John Zimmer launch Lyft.

Creation of Myteksi

2012

"Myteksi" launches in Malaysia.

Creation of Easy Taxi

Approx. 2012

Easy Taxi, a ride-service pioneer in Latin America, launches.

Lyft gets $60 million in venture capital

Approx. 2013

Lyft gets $60 million in venture capital.

Creation of Boatbound

Approx. 2013

Boatbound, described by Techcrunch as the Airbnb for boats, launches.

Airbnb gets $200 million in venture capital

Approx. 2013

Airbnb gets $200 million in venture capital.

Uber gets $1.2 billion in venture capital

Approx. 2014

Uber gets $1.2 billion in venture capital.

Lyft gets $250 million in venture capital

Approx. 2014

Lyft gets $250 million in venture capital.

Legal settlement between Airbnb and New York Attorney General Eric Schneiderman

Approx. 2014

Airbnb and New York Attorney General Eric Schneiderman reach a settlement over a subpoena tied to a state tax probe.

Airbnb gets $500 million in venture capital

Approx. 2014

Airbnb gets $500 million in venture capital.

Airbnb gets $475 million in venture capital

Approx. 2014

Airbnb gets $475 million in venture capital.

Uber accused of falsely assuring that its drivers were being vat

Approx. 2014

Two California district attorneys allege in a lawsuit that Uber falsely assured customers that it used "industry-leading standards" to vat its drivers.

Airbnb reservations are outlaw

Approx. 2014

As many as 72% of Airbnb reservations in New York City violated the law, according to a state attorney.

Protest from the National Federation of the Blind of California against Uber

Approx. 2014

The National Federation of the Blind of California alleges Uber drivers have refused to transport blind people who use guide dogs.

Taxi and Limo drivers strike against Uber

Approx. 2014

More than 30,000 taxi and limo drivers strike against Uber across Europe.

European Commission: Uber should be regulated under exiting taxi regulations

Approx. 2014

European Commission's statement that Uber should be regulated under exiting taxi regulations.

Workshop to study competition and consumer protection issues raised by SE businesses

2015

USA's FCT (Federal Trade Commission) hosted a workshop to examine competition, consumer protection, and economic issues arising in the sharing economy to promote more informed analysis of its competitive dynamics as well as benefits and risks to consumers.

Lyft raises $530 million from investors

2015

Lyft raises $530 million from investors.

Uber files a EU complaint against German laws that it says protect a monopoly

2015

Uber files a EU complaint against German laws that it says protect a monopoly.

Uber raises $1.6 bilion in convertible debt

2015

Uber raises $1.6 bilion in convertible debt.

Lyft raises an additional $150 million

2015

Lyft raises an additional $150 million, led by an investment of $100 million from billionaire Carl Icahn.

Uber launches its 300th city - Amman

2015

Uber launches its 300th city - Amman.

Uber drivers should be treated as employees and not as independent contractors

2015

Uber drivers may have to be treated as employees instead of independent contractors, a federal judge in San Francisco, USA, says.

Uber gets $2.8 billion in venture capital

2015

Uber gets $2.8 billion in venture capital.

"Sharing Economy" and "Ride-Share" are added to the Oxford Dicionary

2015

The terms "Sharing Economy" and "Ride-Share" are added to the Oxford Dicionary.

Lyft loses a bid to dismiss a lawsuit

2015

Lyft loses a bid to dismiss a lawsuit by its drivers seeking to be treated as employees rather than independent contractors, with a federal judge ruling that a jury must decide how they should be classified.

Agreement signed between Uber and an auto dealer in China

2015

Uber signs an agreement with an auto dealer in China to help partners upgrade their fleets.

Eric Swawell and Darrell Issa launch the Congressional Sharing Economy Caucus

2015

California congressmen Eric Swawell and Darrell Issa launch the Congressional Sharing Economy Caucus in the U.S. House. This inaugural event hosted a panel and Q & A with sharing economy experts and industry players moderated by New York University professor and digital economy scholar Arun Sundararajan.