Monday, August 18, 2014

Peer-based marketplaces are awesome!

I recently got back from visiting friends in Boston. Like almost every civilized city in North American now, Boston has Uber. Two major cities which don't have Uber? Las Vegas and Vancouver, the place I just moved from, and the place I'm in right now. The reason, naturally, is taxicab companies being dickheads and using their lawyers to protect their government-granted monopolies (VancouverVegas) . So until my trip to Boston, I'd never used Uber, but I was seriously impressed! It does seem that any consumer mentions Uber, it is with the most glowing of terms.

Is there any doubt that these peer-based marketplaces are the future? Uber and Airbnb seem like the biggest and most used ones so far. I also just hired someone off of to do some software work for me. It's not that it was cheaper (though it was), it's that I literally probably wouldn't have been able to find someone with the skills I was looking for without combing through my social network and asking everyone I know.

This is some serious democratization of both the capital and labour markets, which is awesome. Uber reduces the cost of transportation, Airbnb reduces the cost of housing, Odesk reduces the cost of skilled freelance work. And in many ways, they're not just cheaper than the traditional model, they're better. I way prefer apartments to hotels. I want a fridge and a kitchen, not maid service and a lobby bar. Airbnb was freakin' made for me. Uber has your payment information pre-stored, so you don't have to carry around cash and cards. Odesk -- well, I don't even know where I would have found the person I was looking for if it weren't for Odesk.

There's others that I've heard of but never used like Etsy (arts and crafts), Prosper (loans), Taskrabbit (errands) that continue to break down commerce walls in unique ways to unite buyers and sellers. Of course, the traditional companies (taxi companies, hotels, b&m retail, banks) will try to use their corporate goons to prevent this, but it can't be stopped. It's too awesome.*

This is all exciting as hell to me, and makes me wonder what other peer-based marketplace companies I might not be aware of. Is there a complete list of these anywhere? Please tell me of ones you know of in the comments.

* The more I think about this, the more that I think that the Ubers, Airbnbs, etc of the world have the potential to unify people of differing political views. Left-wing folk often complain about the power of major corporations and that they leverage their size and economies of scale to such an extent that it is bad for the consumer or worker. Right-wing folk are theoretically supposed to be in favour of free markets and lack of government intervention, so it'd be pretty damn hypocritical of them to oppose this. In the end, getting an Uber off a random guy who owns a car and knows the city well is basically the transportation equivalent of buying your produce from the farmers market, instead of the supermarket.