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THE END
OF
OWNERSHIP
The	
  End	
  of	
  Ownership	
  by	
  Weleet	
  2013	
  
THE END
OF
OWNERSHIP
…and	
  the	
  rise	
  of	
  	
  
The	
  Sharing	
  Economy	
  
The	
  End	
  of	
  Ownership	
  by	
  Weleet	
  2013	
  
WHAT’S THIS ALL ABOUT? 	

• Is the sharing economy all good or all bad?	

	

•  Why the sharing economy is both, depending on how you approach it	

•  What are key players saying about the sharing economy?	

	

•  The principles of evolution in relation to the sharing economy	

	

•  Immediate conclusion: embrace the traits of the sharing economy	

•  Ultimate conclusion: we evolve as we learn to trust	

The	
  End	
  of	
  Ownership	
  by	
  Weleet	
  2013	
  
“The	
  sharing	
  economy	
  is	
  an	
  economic	
  system	
  built	
  around	
  the	
  sharing	
  of	
  human	
  and	
  
physical	
  assets…parAcipants	
  share	
  access	
  to	
  products	
  or	
  services,	
  rather	
  than	
  having	
  
individual	
  ownership.”	
  -­‐	
  Wikipedia	
  
PEOPLE
CAN’T SEEM
TO AGREE
The	
  End	
  of	
  Ownership	
  by	
  Weleet	
  2013	
  
SHARING	
  ECONOMY	
  
WILL	
  DESTROY	
  THE	
  
WORLD!	

	
  
DOOMSDAY!	

The	
  End	
  of	
  Ownership	
  by	
  Weleet	
  2013	
  
SHARING	
  ECONOMY	
  
WILL	
  DESTROY	
  THE	
  
WORLD!	

	
  
“RenAng	
  and	
  sharing	
  
could	
  lead	
  to	
  lower	
  
home	
  sales	
  (and,	
  
subsequently	
  lower	
  
home	
  values	
  and	
  net-­‐
worths),	
  as	
  well	
  as	
  
lower	
  auto	
  and	
  retail	
  
sales.”	
  	
  
	
  	
  
-­‐	
  ConvergEx	
  Group	
  	

DOOMSDAY!	

The	
  End	
  of	
  Ownership	
  by	
  Weleet	
  2013	
  
 
OR…	

DOOMSDAY!	

The	
  End	
  of	
  Ownership	
  by	
  Weleet	
  2013	
  
SHARING	
  ECONOMY	
  WILL	
  
SAVE	
  THE	
  WORLD!	

BORN AGAIN!	

The	
  End	
  of	
  Ownership	
  by	
  Weleet	
  2013	
  
SHARING	
  ECONOMY	
  WILL	
  
SAVE	
  THE	
  WORLD!	

	

“In	
  the	
  wake	
  of	
  the	
  
recession,	
  there's	
  a…	
  
different	
  mentality	
  
beginning	
  to	
  emerge,	
  
which	
  is	
  that	
  access	
  is	
  
more	
  powerful	
  than	
  
ownership.”	
  	
  
	
  
	
  -­‐	
  Joe	
  Gebbia,	
  Airbnb	
  
	

BORN AGAIN!	

The	
  End	
  of	
  Ownership	
  by	
  Weleet	
  2013	
  
WHICH SIDE	

IS RIGHT?	

The	
  End	
  of	
  Ownership	
  by	
  Weleet	
  2013	
  
BOTH SIDES ARE 	

100% HALF RIGHT	

The	
  End	
  of	
  Ownership	
  by	
  Weleet	
  2013	
  
The	
  End	
  of	
  Print,	
  
Travel,	
  Fashion,	
  	
  
And	
  Fill-­‐In-­‐The-­‐Blank	
  
Industries?	
  	
  	
  
SOME THINGS/WORLDS 	

WILL END	

The	
  End	
  of	
  Ownership	
  by	
  Weleet	
  2013	
  
WE’RE	
  AT	
  A	
  
CROSSROADS…	
  
	
  
“The	
  sharing	
  economy	
  
is	
  at	
  one	
  of	
  those	
  
interesAng	
  junctures	
  
where	
  no	
  one	
  knows	
  
how	
  big	
  it	
  might	
  get	
  or	
  
how	
  many	
  industries	
  
and	
  companies	
  it	
  
might	
  affect.”	
  	
  
	
  
–	
  Danielle	
  Sacks,	
  	
  
Fast	
  Company	
  
SOME THINGS/WORLDS 	

WILL END	

The	
  End	
  of	
  Ownership	
  by	
  Weleet	
  2013	
  
SYSTEMS	
  ARE	
  
BROKEN…	
  
	
  
“The	
  reason	
  
[collaboraAve	
  
consumpAon]	
  is	
  
happening	
  is	
  because	
  
systems	
  are	
  broken.”	
  
	
  
–Ted	
  D’Cruz-­‐Young,	
  
Founder	
  of	
  Mealku	
  
	
  
	
  
SOME THINGS/WORLDS 	

WILL END	

The	
  End	
  of	
  Ownership	
  by	
  Weleet	
  2013	
  
PEOPLE	
  FEEL	
  
THREATENED….	
  
	
  
“Entrenched	
  industries	
  
feel	
  incredibly	
  
threatened	
  by	
  the	
  rise	
  
of	
  collaboraAve	
  
commerce…”	
  
	
  
–John	
  Wiseman,	
  
Skillshare	
  
	
  
	
  
SOME THINGS/WORLDS 	

WILL END	

The	
  End	
  of	
  Ownership	
  by	
  Weleet	
  2013	
  
A	
  New	
  Beginning	
  For	
  
Print,	
  Travel,	
  Fashion,	
  
And	
  Fill-­‐In-­‐The-­‐Blank	
  
Industries?	
  	
  	
  
	
  
	
  
	
  
	
  
SOME THINGS/WORLDS 	

WILL BE CREATED	

The	
  End	
  of	
  Ownership	
  by	
  Weleet	
  2013	
  
AND	
  FOR	
  EVERY	
  
INDUSTRY	
  THAT	
  
MEANS…	
  	
  
	
  
	
  
“…if	
  they	
  don’t	
  adapt,	
  
they’re	
  going	
  to	
  lose	
  
and	
  be	
  out	
  of	
  
business.”	
  
	
  
–John	
  Wiseman,	
  
Skillshare	
  
SOME THINGS/WORLDS 	

WILL BE CREATED	

The	
  End	
  of	
  Ownership	
  by	
  Weleet	
  2013	
  
THOSE	
  
WHO	
  
ADAPT	
  
WILL	
  
SURVIVE	
  
SOME THINGS/WORLDS 	

WILL BE CREATED	

The	
  End	
  of	
  Ownership	
  by	
  Weleet	
  2013	
  
SHARE ECONOMY	

=	

EVOLUTION	

The	
  End	
  of	
  Ownership	
  by	
  Weleet	
  2013	
  
JUST LIKE EVOLUTION…	

The	
  End	
  of	
  Ownership	
  by	
  Weleet	
  2013	
  
JUST LIKE EVOLUTION…	

THE
FITTEST
AND
MOST
ADAPT-
ABLE
WILL
SURVIVE	

	
  The	
  End	
  of	
  Ownership	
  by	
  Weleet	
  2013	
  
IT’S LIKE DARWIN’S FINCHES…	

The	
  End	
  of	
  Ownership	
  by	
  Weleet	
  2013	
  
IT’S LIKE DARWIN’S FINCHES MEETS TWITTER’S 	

TWEETERS…	

VS.	

The	
  End	
  of	
  Ownership	
  by	
  Weleet	
  2013	
  
IT’S LIKE DARWIN’S FINCHES MEETS TWITTER’S 	

TWEETERS…MAY THE BEST TWEETER WIN.	

	

VS.	

The	
  End	
  of	
  Ownership	
  by	
  Weleet	
  2013	
  
FOUR PRINCIPLES 	

OF 	

EVOLUTION	

VARIATION 	

INHERITANCE 	

HIGH RATE OF POPULATION GROWTH	

DIFFERENTIAL SURVIVAL AND REPRODUCTION	

The	
  End	
  of	
  Ownership	
  by	
  Weleet	
  2013	
  
VARIATION 	

Individuals within a grouping that exhibit unique 	

variation in appearance and behavior
GRUNTS	
  &	
  GESTURES	
  
ORAL	
  NARRATIVES	
  
HIEROGLYPHICS	
  
FIRST	
  ALPHABET	
  
MANY	
  ALPHABETS	
  
FIRST	
  PRINTING	
  
MANY	
  PRINTINGS	
  	
  
RADIO	
  WAVES	
  	
  
MOVING	
  PICTURES	
  
TALKING	
  FILMS	
  	
  
NETWORK	
  TV	
  
CABLE	
  TV	
  
INTERNET	
  FOR	
  ALL	
  
SOCIAL	
  MEDIA	
  	
  
MOBILE	
  
CROWD	
  SOURCED	
  
VARIATION IN MEDIA 	

AND COMMUNICATIONS	

The	
  End	
  of	
  Ownership	
  by	
  Weleet	
  2013	
  
…LIMITLESS	
  OPTIONS	
  
VARIATION IN MEDIA 	

AND COMMUNICATIONS	

SO	
  TODAY…	
  
The	
  End	
  of	
  Ownership	
  by	
  Weleet	
  2013	
  
HUNTERS	
  &	
  GATHERERS	
  
FARMERS	
  
9-­‐5ERS	
  	
  
SALARIED	
  24/7	
  
PART-­‐TIMERS	
  	
  
FREELANCERS	
  
MICROPRENEURS	
  
COWORKING	
  
	
  
VARIATION IN EMPLOYMENT …	

The	
  End	
  of	
  Ownership	
  by	
  Weleet	
  2013	
  
NOMADIC	
  	
  
AGRICULTURAL	
  
INDUSTRIAL	
  
MANUFACTURING	
  
SERVICE	
  
COLLABORATIVE	
  
VARIATION IN EMPLOYMENT 	

…AND ECONOMICS	

The	
  End	
  of	
  Ownership	
  by	
  Weleet	
  2013	
  
VARIATION IN EMPLOYMENT 	

AND ECONOMICS	

The	
  End	
  of	
  Ownership	
  by	
  Weleet	
  2013	
  
VARIATION IN EMPLOYMENT 	

AND ECONOMICS	

SO	
  TODAY…	
  
…INTERDEPENDENT	
  
The	
  End	
  of	
  Ownership	
  by	
  Weleet	
  2013	
  
DEMONSTRATION	
  
APPRENTICESHIP	
  
CLASSIC	
  EDUCATION	
  
MILITARY	
  EDUCATION	
  
RELIGIOUS	
  EDUCATION	
  
ELEMENTARY	
  SCHOOL	
  
PRIVATE	
  SCHOOL	
  
PRIVATE	
  UNIVERSITY	
  
PUBLIC	
  SCHOOL	
  
PUBLIC	
  UNIVERSITY	
  
E-­‐LEARNING	
  	
  
I-­‐UNIVERSITY	
  
COMPETENCY	
  LEARNING	
  
SKILLSHARING	
  
VARIATION IN EDUCATION	

The	
  End	
  of	
  Ownership	
  by	
  Weleet	
  2013	
  
VARIATION IN EDUCATION	

SO	
  TODAY…	
  
…GLOBAL	
  OPPORTUNITIES	
  
The	
  End	
  of	
  Ownership	
  by	
  Weleet	
  2013	
  
FEET	
  
BOAT	
  
WHEEL	
  
WAGON	
  
STEAM	
  ENGINE	
  	
  
COMBUSTION	
  ENGINE	
  
AIRPLANE	
  
MODEL-­‐T	
  	
  
MINI-­‐VAN	
  
COMPACT	
  
HYBRID	
  	
  
ELECTRIC	
  	
  
ZIPCAR	
  	
  
RIDESHARE	
  
BIKESHARE	
  
VARIATION IN TRAVEL	

The	
  End	
  of	
  Ownership	
  by	
  Weleet	
  2013	
  
VARIATION IN TRAVEL	

SO	
  TODAY…	
  
…CUSTOMIZED	
  MOBILITY	
  
The	
  End	
  of	
  Ownership	
  by	
  Weleet	
  2013	
  
CAVE	
  
CAMPFIRE	
  
VILLAGE	
  
FARM	
  
HOMESTEAD	
  
CITY	
  
SUBURB	
  
MCMANSION	
  
RENTAL	
  
SHARED	
  SPACE	
  
VARIATION IN REAL ESTATE	

The	
  End	
  of	
  Ownership	
  by	
  Weleet	
  2013	
  
VARIATION IN REAL ESTATE	

SO	
  TODAY…	
  
…ACCESS	
  AND	
  EXPERIENCES	
  
The	
  End	
  of	
  Ownership	
  by	
  Weleet	
  2013	
  
INHERITANCE	

THE STRONGEST TRAITS	

ARE CONSISTENTLY PASSED ALONG	

The	
  End	
  of	
  Ownership	
  by	
  Weleet	
  2013	
  
WHAT ARE THE TRAITS OF 	

THE SHARING ECONOMY? 	

The	
  End	
  of	
  Ownership	
  by	
  Weleet	
  2013	
  
WHAT ARE THE TRAITS 	

OF THE SHARE ECONOMY? 	

•	
  SUSTAINABILITY	
  
	
  
•	
  EFFICIENCY	
  
	
  
•	
  MUTUALLY	
  BENEFICIAL	
  
	
  
•	
  COMMUNITY	
  
	
  
•	
  REPUTATION	
  SYSTEMS	
  
	
  
WHAT ARE THE TRAITS OF 	

THE SHARING ECONOMY? 	

The	
  End	
  of	
  Ownership	
  by	
  Weleet	
  2013	
  
WHAT ARE THE TRAITS 	

OF THE SHARE ECONOMY? 	

SUSTAINABILITY	

SAVE	
  RESOURCES	
  AND	
  
HELP	
  CREATE	
  A	
  CLEANER,	
  
GREENER	
  ENVIRONMENT.	
  
	
  
“Every	
  share	
  car	
  takes	
  14	
  
cars	
  off	
  the	
  road.”	
  	
  
	
  
-­‐	
  RelayRides	
  
The	
  End	
  of	
  Ownership	
  by	
  Weleet	
  2013	
  
WHAT ARE THE TRAITS 	

OF THE SHARE ECONOMY? 	

MATCH	
  UNDER-­‐UTILIZED	
  
ASSETS	
  WITH	
  POTENTIAL	
  
USERS	
  AND	
  DECREASE	
  THE	
  
TRANSACTION	
  COSTS	
  
INVOLVED	
  IN	
  RENTING	
  
FROM	
  A	
  THIRD	
  PARTY,	
  
USUALLY	
  BY	
  LEVERAGING	
  
TECHNOLOGY.	
  
	
  
“Using	
  an	
  idle	
  car	
  is	
  more	
  
efficient	
  than	
  buying	
  a	
  
new	
  car	
  and	
  it’s	
  a	
  lot	
  
easier	
  to	
  get	
  a	
  Zipcar	
  than	
  
to	
  rent	
  from	
  Hertz.”	
  
	
  
-­‐  Former	
  Hertz	
  user	
  
	
  
EFFICIENCY	

The	
  End	
  of	
  Ownership	
  by	
  Weleet	
  2013	
  
WHAT ARE THE TRAITS 	

OF THE SHARE ECONOMY? 	

MAKE	
  MONEY	
  FROM	
  
ALREADY	
  OWNED	
  ASSETS,	
  
OR	
  SPEND	
  LESS	
  THAN	
  YOU	
  
WOULD	
  IF	
  YOU	
  GOT	
  THE	
  
SAME	
  ITEM/SERVICE	
  
FROM	
  A	
  COMMERCIAL	
  
PROVIDER…	
  
	
  
…BUT	
  ITS	
  ABOUT	
  MORE	
  
THAN	
  MONEY.	
  
	
  
“When	
  people	
  travel,	
  they	
  
want	
  to	
  make	
  meaningful	
  
connecAons	
  and	
  share	
  
unique	
  experiences.”	
  
	
  
-­‐	
  Airbnb	
  
MUTUALLY BENEFICIAL	

The	
  End	
  of	
  Ownership	
  by	
  Weleet	
  2013	
  
WHAT ARE THE TRAITS 	

OF THE SHARE ECONOMY? 	

MEET	
  PEOPLE	
  AND	
  FEEL	
  LIKE	
  
YOU’RE	
  HELPING	
  EACH	
  
OTHER;	
  MAKE	
  REWARDING	
  
CONNECTIONS.	
  
	
  
“Belonging	
  to	
  a	
  dynamic	
  
community	
  makes	
  you	
  feel	
  
supported	
  and	
  it	
  helps	
  to	
  
create	
  important	
  short-­‐term	
  
and	
  long-­‐term	
  bonds	
  that	
  
lead	
  to	
  greater	
  influence	
  
and	
  more	
  exploraAon.”	
  
	
  
-­‐	
  Jennifer	
  Gore,	
  Weleet	
  
COMMUNITY	

The	
  End	
  of	
  Ownership	
  by	
  Weleet	
  2013	
  
WHAT ARE THE TRAITS 	

OF THE SHARE ECONOMY? 	

•  AWARD	
  SOCIAL	
  CREDIT:	
  	
  	
  	
  	
  
IF	
  YOU’RE	
  AN	
  
ENVIRONMENTALIST,	
  	
  
IT	
  SAYS	
  A	
  LOT	
  IF	
  YOU	
  
FOREGO	
  CAR	
  
OWNERSHIP,	
  OR	
  RENT	
  
YOUR	
  CAR	
  TO	
  OTHERS	
  
•  SELF-­‐REGULATE	
  BY	
  
COMMUNITY	
  RATINGS	
  
AND	
  RANKINGS	
  
	
  
“We’re	
  removing	
  bad	
  
actors	
  from	
  industry	
  aser	
  
industry	
  aser	
  industry.”	
  
	
  
–Ted	
  D’Cruz-­‐Young,	
  
Founder	
  of	
  Mealku	
  
REPUTATION SYSTEMS	

The	
  End	
  of	
  Ownership	
  by	
  Weleet	
  2013	
  
SURVIVAL	

MORE OFFSPRING THAN RESOURCES CAN 	

SUPPORT SO THAT EACH GENERATION 	

EXPERIENCES SUBSTANTIAL MORTALITY 	

GROWTH
TECHNOLOGY EXPLOSION	

"Never	
  before	
  in	
  history	
  
has	
  innovaAon	
  offered	
  
promise	
  of	
  so	
  much	
  to	
  
so	
  many	
  in	
  so	
  short	
  a	
  
Ame.”	
  
	
  
-­‐	
  Bill	
  Gates	
  
The	
  End	
  of	
  Ownership	
  by	
  Weleet	
  2013	
  
BIG DATA 	

PROBLEM/OPPORTUNITY	

The	
  End	
  of	
  Ownership	
  by	
  Weleet	
  2013	
  
BIG DATA 	

PROBLEM/OPPORTUNITY	

“Big	
  data	
  will	
  spell	
  the	
  
death	
  of	
  customer	
  
segmentaAon	
  and	
  
force	
  the	
  marketer	
  to	
  
understand	
  each	
  
customer	
  as	
  an	
  
individual…or	
  risk	
  
being	
  les	
  in	
  the	
  dust.”	
  
	
  
-­‐  Ginny	
  Romeuy,	
  	
  
CEO	
  IBM	
  
The	
  End	
  of	
  Ownership	
  by	
  Weleet	
  2013	
  
THOSE POSSESSING TRAITS WELL-SUITED 	

FOR THE STRUGGLE FOR RESOURCES WILL	

NOT ONLY SURVIVE BUT WILL THRIVE	

SURVIVAL
GLOBAL 	

CONNECTEDNESS AND 	

COMPETITION FOR ONCE 	

LOCAL JOBS	

AGRICULTURE	
  &	
  
LOCAL	
  COMPETITION	
  
	
  
MANUFACTURING	
  &	
  
NATIONAL	
  COMPETITION	
  
	
  
INFORMATION	
  &	
  
GLOBAL	
  COMPETITION	
  
The	
  End	
  of	
  Ownership	
  by	
  Weleet	
  2013	
  
GLOBAL 	

CONNECTEDNESS AND 	

COMPETITION FOR ONCE 	

LOCAL JOBS	

OUTSOURCED	
  	
  
MANUFACTURING	
  	
  
The	
  End	
  of	
  Ownership	
  by	
  Weleet	
  2013	
  
GLOBAL 	

CONNECTEDNESS AND 	

COMPETITION FOR ONCE 	

LOCAL JOBS	

EDUCATED	
  WORKFORCE	
  
The	
  End	
  of	
  Ownership	
  by	
  Weleet	
  2013	
  
GLOBAL 	

CONNECTEDNESS AND 	

COMPETITION FOR ONCE 	

LOCAL JOBS	

QUALIFIED	
  WORKFORCE	
  
The	
  End	
  of	
  Ownership	
  by	
  Weleet	
  2013	
  
GLOBAL 	

CONNECTEDNESS AND 	

COMPETITION FOR ONCE 	

LOCAL JOBS	

QUALIFIED	
  STEM	
  
WORKFORCE	
  
The	
  End	
  of	
  Ownership	
  by	
  Weleet	
  2013	
  
CONCLUSION?
EVOLUTION	
  IS	
  THE	
  CONVERGENCE	
  OF	
  ALL	
  OF	
  THESE	
  FACTORS	
  	
  	
  
The	
  Sharing	
  Economy	
  is	
  the	
  natural	
  result	
  	
  
of	
  the	
  four	
  principles	
  of	
  evoluAon	
  all	
  
coming	
  together	
  at	
  the	
  same	
  Ame.	
  
The	
  End	
  of	
  Ownership	
  by	
  Weleet	
  2013	
  
EVOLUTION	
  IS	
  THE	
  CONVERGENCE	
  OF	
  ALL	
  OF	
  THESE	
  FACTORS	
  	
  	
  
WHAT	
  TO	
  DO	
  TO	
  SURVIVE	
  AND	
  THRIVE?	
  	
  
The	
  End	
  of	
  Ownership	
  by	
  Weleet	
  2013	
  
SOME TRAITS	

THE STRONG ONE	

ARE CONSISTENTLY PASSED ALONG	

NOBODY KNOWS WHERE
THE SHARING ECONOMY 	

IS HEADED, BUT WE KNOW
SOME WILL MAKE IT THERE
AND SOME WONT.	

RECOGNIZE	
  AND	
  EMBRACE	
  THE	
  
INHERENT	
  TRAITS	
  OF	
  THE	
  SHARING	
  
ECONOMY	
  –	
  	
  
	
  
SUSTAINABLITY	
  
EFFICIENCY	
  
MUTUALLY	
  BENEFICIAL	
  
COMMUNITY	
  
REPUTATION	
  SYSTEMS	
  
	
  
–	
  TO	
  SURVIVE	
  THE	
  EMERGING	
  
WORLD	
  OF	
  RAPID-­‐FIRE	
  CHANGE	
  	
  
AND	
  THRIVE	
  AMONGST	
  INCREASING	
  
COMPETITION	
  ON	
  A	
  GLOBAL	
  SCALE.	
  
ADAPT ADAPT ADAPT	

The	
  End	
  of	
  Ownership	
  by	
  Weleet	
  2013	
  
SharingEconomy	

Media	

Economics	

Education	

Real Estate	

Travel	

Employment	

Hieroglyphics	

 Print	

 Radio	

 Film	

 TV	

 Internet	

 Mobile	

Hunters &
Gatherers	

Farmers	

 9 to 5	

 Freelancers	

 Micropreneurs	

24/7	

Nomadic	

 Agricultural	

 Industrial	

 Manufacturing	

 Service	

Apprenticeship	

 Classic	

 Military	

 Private	

Religious	

 Public	

 E-Learning	

Wagon	

Boat	

Foot	

 Train	

 Plane	

 Automobile	

Cave	

 Village	

Campfire	

 Farm	

 Homestead	

 Suburb	

City	

 Rental
CONCLUSION
SOME TRAITS	

THE STRONG ONE	

ARE CONSISTENTLY PASSED ALONG	

THERE IS ONE THING WE
CAN HOPE FOR IN THE FACE
OF SUCH RAPID CHANGE
AND INCREASED
COMPETITION...	

The	
  End	
  of	
  Ownership	
  by	
  Weleet	
  2013	
  
SOME TRAITS	

THE STRONG ONE	

ARE CONSISTENTLY PASSED ALONG	

THERE IS ONE THING WE
CAN HOPE FOR IN THE FACE
OF SUCH RAPID CHANGE
AND INCREASED
COMPETITION...	

TRUST.	

The	
  End	
  of	
  Ownership	
  by	
  Weleet	
  2013	
  
SOME TRAITS	

THE STRONG ONE	

ARE CONSISTENTLY PASSED ALONG	

…THE ULTIMATE VALUE TO
SHARE.	

 TRUST.	

The	
  End	
  of	
  Ownership	
  by	
  Weleet	
  2013	
  
SOME TRAITS	

THE STRONG ONE	

ARE CONSISTENTLY PASSED ALONG	

…THE ULTIMATE VALUE TO
SHARE.	

“The	
  Sharing	
  Economy	
  
is	
  itself	
  a	
  play	
  in	
  a	
  much	
  
grander	
  fundamental	
  
shis.	
  It's	
  a	
  shis	
  from	
  an	
  
infrastructure	
  
that	
  protects	
  people	
  	
  
from	
  each	
  other,	
  to	
  an	
  
infrastructure	
  
that	
  helps	
  people	
  trust	
  	
  
each	
  other.”	
  	
  
	
  
-­‐	
  Trusted	
  Advisor	
  
Associates,	
  LLC	
  
The	
  End	
  of	
  Ownership	
  by	
  Weleet	
  2013	
  
SOME TRAITS	

THE STRONG ONE	

ARE CONSISTENTLY PASSED ALONG	

NOBODY KNOWS WHERE
THE SHARING ECONOMY 	

IS HEADED, BUT WE KNOW
SOME WILL MAKE IT THERE
AND SOME WONT.	

WILL
YOU? 	

The	
  End	
  of	
  Ownership	
  by	
  Weleet	
  2013	
  
FREELANCERS!
The	
  End	
  of	
  Ownership	
  by	
  Weleet	
  2013	
  
INDEPENDENT
WORKERS!
The	
  End	
  of	
  Ownership	
  by	
  Weleet	
  2013	
  
CONTRACTORS!
The	
  End	
  of	
  Ownership	
  by	
  Weleet	
  2013	
  
SOLOPRENEURS!
The	
  End	
  of	
  Ownership	
  by	
  Weleet	
  2013	
  
CONSULTANTS!
The	
  End	
  of	
  Ownership	
  by	
  Weleet	
  2013	
  
SHARE WITH US!
Weleet.co	
  
Together	
  We	
  Work	
  BeTer.™	
  
SHARE WITH US!
Sign	
  up	
  at	
  Weleet.co	
  
A	
  community	
  of	
  independent	
  
workers	
  who	
  trade	
  and	
  share	
  space.	
  
FIND US!
A	
  community	
  of	
  independent	
  
workers	
  who	
  trade	
  and	
  share	
  space.	
  
On	
  Twiuer:	
  
@Weleetweet	
  
On	
  Facebook	
  
Facebook.com/WeleetInc	
  
A	
  Slide	
  Share	
  brought	
  to	
  you	
  by	
  Weleet.co/	
  
On	
  LinkedIn	
  
Linkedin.com/company/weleet-­‐inc-­‐	
  
SHARETHIS NOW!
A	
  community	
  of	
  independent	
  
workers	
  who	
  trade	
  and	
  share	
  space.	
  
A	
  Slide	
  Share	
  brought	
  to	
  you	
  by	
  Weleet.co	
  

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Share or Die: End Of Ownership And Rise of The Sharing Economy in 2014

  • 1. THE END OF OWNERSHIP The  End  of  Ownership  by  Weleet  2013  
  • 2. THE END OF OWNERSHIP …and  the  rise  of     The  Sharing  Economy   The  End  of  Ownership  by  Weleet  2013  
  • 3. WHAT’S THIS ALL ABOUT? • Is the sharing economy all good or all bad? •  Why the sharing economy is both, depending on how you approach it •  What are key players saying about the sharing economy? •  The principles of evolution in relation to the sharing economy •  Immediate conclusion: embrace the traits of the sharing economy •  Ultimate conclusion: we evolve as we learn to trust The  End  of  Ownership  by  Weleet  2013   “The  sharing  economy  is  an  economic  system  built  around  the  sharing  of  human  and   physical  assets…parAcipants  share  access  to  products  or  services,  rather  than  having   individual  ownership.”  -­‐  Wikipedia  
  • 4. PEOPLE CAN’T SEEM TO AGREE The  End  of  Ownership  by  Weleet  2013  
  • 5. SHARING  ECONOMY   WILL  DESTROY  THE   WORLD!   DOOMSDAY! The  End  of  Ownership  by  Weleet  2013  
  • 6. SHARING  ECONOMY   WILL  DESTROY  THE   WORLD!   “RenAng  and  sharing   could  lead  to  lower   home  sales  (and,   subsequently  lower   home  values  and  net-­‐ worths),  as  well  as   lower  auto  and  retail   sales.”         -­‐  ConvergEx  Group   DOOMSDAY! The  End  of  Ownership  by  Weleet  2013  
  • 7.   OR… DOOMSDAY! The  End  of  Ownership  by  Weleet  2013  
  • 8. SHARING  ECONOMY  WILL   SAVE  THE  WORLD! BORN AGAIN! The  End  of  Ownership  by  Weleet  2013  
  • 9. SHARING  ECONOMY  WILL   SAVE  THE  WORLD! “In  the  wake  of  the   recession,  there's  a…   different  mentality   beginning  to  emerge,   which  is  that  access  is   more  powerful  than   ownership.”        -­‐  Joe  Gebbia,  Airbnb   BORN AGAIN! The  End  of  Ownership  by  Weleet  2013  
  • 10. WHICH SIDE IS RIGHT? The  End  of  Ownership  by  Weleet  2013  
  • 11. BOTH SIDES ARE 100% HALF RIGHT The  End  of  Ownership  by  Weleet  2013  
  • 12. The  End  of  Print,   Travel,  Fashion,     And  Fill-­‐In-­‐The-­‐Blank   Industries?       SOME THINGS/WORLDS WILL END The  End  of  Ownership  by  Weleet  2013  
  • 13. WE’RE  AT  A   CROSSROADS…     “The  sharing  economy   is  at  one  of  those   interesAng  junctures   where  no  one  knows   how  big  it  might  get  or   how  many  industries   and  companies  it   might  affect.”       –  Danielle  Sacks,     Fast  Company   SOME THINGS/WORLDS WILL END The  End  of  Ownership  by  Weleet  2013  
  • 14. SYSTEMS  ARE   BROKEN…     “The  reason   [collaboraAve   consumpAon]  is   happening  is  because   systems  are  broken.”     –Ted  D’Cruz-­‐Young,   Founder  of  Mealku       SOME THINGS/WORLDS WILL END The  End  of  Ownership  by  Weleet  2013  
  • 15. PEOPLE  FEEL   THREATENED….     “Entrenched  industries   feel  incredibly   threatened  by  the  rise   of  collaboraAve   commerce…”     –John  Wiseman,   Skillshare       SOME THINGS/WORLDS WILL END The  End  of  Ownership  by  Weleet  2013  
  • 16. A  New  Beginning  For   Print,  Travel,  Fashion,   And  Fill-­‐In-­‐The-­‐Blank   Industries?               SOME THINGS/WORLDS WILL BE CREATED The  End  of  Ownership  by  Weleet  2013  
  • 17. AND  FOR  EVERY   INDUSTRY  THAT   MEANS…         “…if  they  don’t  adapt,   they’re  going  to  lose   and  be  out  of   business.”     –John  Wiseman,   Skillshare   SOME THINGS/WORLDS WILL BE CREATED The  End  of  Ownership  by  Weleet  2013  
  • 18. THOSE   WHO   ADAPT   WILL   SURVIVE   SOME THINGS/WORLDS WILL BE CREATED The  End  of  Ownership  by  Weleet  2013  
  • 19. SHARE ECONOMY = EVOLUTION The  End  of  Ownership  by  Weleet  2013  
  • 20. JUST LIKE EVOLUTION… The  End  of  Ownership  by  Weleet  2013  
  • 21. JUST LIKE EVOLUTION… THE FITTEST AND MOST ADAPT- ABLE WILL SURVIVE  The  End  of  Ownership  by  Weleet  2013  
  • 22. IT’S LIKE DARWIN’S FINCHES… The  End  of  Ownership  by  Weleet  2013  
  • 23. IT’S LIKE DARWIN’S FINCHES MEETS TWITTER’S TWEETERS… VS. The  End  of  Ownership  by  Weleet  2013  
  • 24. IT’S LIKE DARWIN’S FINCHES MEETS TWITTER’S TWEETERS…MAY THE BEST TWEETER WIN. VS. The  End  of  Ownership  by  Weleet  2013  
  • 25. FOUR PRINCIPLES OF EVOLUTION VARIATION INHERITANCE HIGH RATE OF POPULATION GROWTH DIFFERENTIAL SURVIVAL AND REPRODUCTION The  End  of  Ownership  by  Weleet  2013  
  • 26. VARIATION Individuals within a grouping that exhibit unique variation in appearance and behavior
  • 27. GRUNTS  &  GESTURES   ORAL  NARRATIVES   HIEROGLYPHICS   FIRST  ALPHABET   MANY  ALPHABETS   FIRST  PRINTING   MANY  PRINTINGS     RADIO  WAVES     MOVING  PICTURES   TALKING  FILMS     NETWORK  TV   CABLE  TV   INTERNET  FOR  ALL   SOCIAL  MEDIA     MOBILE   CROWD  SOURCED   VARIATION IN MEDIA AND COMMUNICATIONS The  End  of  Ownership  by  Weleet  2013  
  • 28. …LIMITLESS  OPTIONS   VARIATION IN MEDIA AND COMMUNICATIONS SO  TODAY…   The  End  of  Ownership  by  Weleet  2013  
  • 29. HUNTERS  &  GATHERERS   FARMERS   9-­‐5ERS     SALARIED  24/7   PART-­‐TIMERS     FREELANCERS   MICROPRENEURS   COWORKING     VARIATION IN EMPLOYMENT … The  End  of  Ownership  by  Weleet  2013  
  • 30. NOMADIC     AGRICULTURAL   INDUSTRIAL   MANUFACTURING   SERVICE   COLLABORATIVE   VARIATION IN EMPLOYMENT …AND ECONOMICS The  End  of  Ownership  by  Weleet  2013  
  • 31. VARIATION IN EMPLOYMENT AND ECONOMICS The  End  of  Ownership  by  Weleet  2013  
  • 32. VARIATION IN EMPLOYMENT AND ECONOMICS SO  TODAY…   …INTERDEPENDENT   The  End  of  Ownership  by  Weleet  2013  
  • 33. DEMONSTRATION   APPRENTICESHIP   CLASSIC  EDUCATION   MILITARY  EDUCATION   RELIGIOUS  EDUCATION   ELEMENTARY  SCHOOL   PRIVATE  SCHOOL   PRIVATE  UNIVERSITY   PUBLIC  SCHOOL   PUBLIC  UNIVERSITY   E-­‐LEARNING     I-­‐UNIVERSITY   COMPETENCY  LEARNING   SKILLSHARING   VARIATION IN EDUCATION The  End  of  Ownership  by  Weleet  2013  
  • 34. VARIATION IN EDUCATION SO  TODAY…   …GLOBAL  OPPORTUNITIES   The  End  of  Ownership  by  Weleet  2013  
  • 35. FEET   BOAT   WHEEL   WAGON   STEAM  ENGINE     COMBUSTION  ENGINE   AIRPLANE   MODEL-­‐T     MINI-­‐VAN   COMPACT   HYBRID     ELECTRIC     ZIPCAR     RIDESHARE   BIKESHARE   VARIATION IN TRAVEL The  End  of  Ownership  by  Weleet  2013  
  • 36. VARIATION IN TRAVEL SO  TODAY…   …CUSTOMIZED  MOBILITY   The  End  of  Ownership  by  Weleet  2013  
  • 37. CAVE   CAMPFIRE   VILLAGE   FARM   HOMESTEAD   CITY   SUBURB   MCMANSION   RENTAL   SHARED  SPACE   VARIATION IN REAL ESTATE The  End  of  Ownership  by  Weleet  2013  
  • 38. VARIATION IN REAL ESTATE SO  TODAY…   …ACCESS  AND  EXPERIENCES   The  End  of  Ownership  by  Weleet  2013  
  • 39. INHERITANCE THE STRONGEST TRAITS ARE CONSISTENTLY PASSED ALONG The  End  of  Ownership  by  Weleet  2013  
  • 40. WHAT ARE THE TRAITS OF THE SHARING ECONOMY? The  End  of  Ownership  by  Weleet  2013  
  • 41. WHAT ARE THE TRAITS OF THE SHARE ECONOMY? •  SUSTAINABILITY     •  EFFICIENCY     •  MUTUALLY  BENEFICIAL     •  COMMUNITY     •  REPUTATION  SYSTEMS     WHAT ARE THE TRAITS OF THE SHARING ECONOMY? The  End  of  Ownership  by  Weleet  2013  
  • 42. WHAT ARE THE TRAITS OF THE SHARE ECONOMY? SUSTAINABILITY SAVE  RESOURCES  AND   HELP  CREATE  A  CLEANER,   GREENER  ENVIRONMENT.     “Every  share  car  takes  14   cars  off  the  road.”       -­‐  RelayRides   The  End  of  Ownership  by  Weleet  2013  
  • 43. WHAT ARE THE TRAITS OF THE SHARE ECONOMY? MATCH  UNDER-­‐UTILIZED   ASSETS  WITH  POTENTIAL   USERS  AND  DECREASE  THE   TRANSACTION  COSTS   INVOLVED  IN  RENTING   FROM  A  THIRD  PARTY,   USUALLY  BY  LEVERAGING   TECHNOLOGY.     “Using  an  idle  car  is  more   efficient  than  buying  a   new  car  and  it’s  a  lot   easier  to  get  a  Zipcar  than   to  rent  from  Hertz.”     -­‐  Former  Hertz  user     EFFICIENCY The  End  of  Ownership  by  Weleet  2013  
  • 44. WHAT ARE THE TRAITS OF THE SHARE ECONOMY? MAKE  MONEY  FROM   ALREADY  OWNED  ASSETS,   OR  SPEND  LESS  THAN  YOU   WOULD  IF  YOU  GOT  THE   SAME  ITEM/SERVICE   FROM  A  COMMERCIAL   PROVIDER…     …BUT  ITS  ABOUT  MORE   THAN  MONEY.     “When  people  travel,  they   want  to  make  meaningful   connecAons  and  share   unique  experiences.”     -­‐  Airbnb   MUTUALLY BENEFICIAL The  End  of  Ownership  by  Weleet  2013  
  • 45. WHAT ARE THE TRAITS OF THE SHARE ECONOMY? MEET  PEOPLE  AND  FEEL  LIKE   YOU’RE  HELPING  EACH   OTHER;  MAKE  REWARDING   CONNECTIONS.     “Belonging  to  a  dynamic   community  makes  you  feel   supported  and  it  helps  to   create  important  short-­‐term   and  long-­‐term  bonds  that   lead  to  greater  influence   and  more  exploraAon.”     -­‐  Jennifer  Gore,  Weleet   COMMUNITY The  End  of  Ownership  by  Weleet  2013  
  • 46. WHAT ARE THE TRAITS OF THE SHARE ECONOMY? •  AWARD  SOCIAL  CREDIT:           IF  YOU’RE  AN   ENVIRONMENTALIST,     IT  SAYS  A  LOT  IF  YOU   FOREGO  CAR   OWNERSHIP,  OR  RENT   YOUR  CAR  TO  OTHERS   •  SELF-­‐REGULATE  BY   COMMUNITY  RATINGS   AND  RANKINGS     “We’re  removing  bad   actors  from  industry  aser   industry  aser  industry.”     –Ted  D’Cruz-­‐Young,   Founder  of  Mealku   REPUTATION SYSTEMS The  End  of  Ownership  by  Weleet  2013  
  • 47. SURVIVAL MORE OFFSPRING THAN RESOURCES CAN SUPPORT SO THAT EACH GENERATION EXPERIENCES SUBSTANTIAL MORTALITY GROWTH
  • 48. TECHNOLOGY EXPLOSION "Never  before  in  history   has  innovaAon  offered   promise  of  so  much  to   so  many  in  so  short  a   Ame.”     -­‐  Bill  Gates   The  End  of  Ownership  by  Weleet  2013  
  • 49. BIG DATA PROBLEM/OPPORTUNITY The  End  of  Ownership  by  Weleet  2013  
  • 50. BIG DATA PROBLEM/OPPORTUNITY “Big  data  will  spell  the   death  of  customer   segmentaAon  and   force  the  marketer  to   understand  each   customer  as  an   individual…or  risk   being  les  in  the  dust.”     -­‐  Ginny  Romeuy,     CEO  IBM   The  End  of  Ownership  by  Weleet  2013  
  • 51. THOSE POSSESSING TRAITS WELL-SUITED FOR THE STRUGGLE FOR RESOURCES WILL NOT ONLY SURVIVE BUT WILL THRIVE SURVIVAL
  • 52. GLOBAL CONNECTEDNESS AND COMPETITION FOR ONCE LOCAL JOBS AGRICULTURE  &   LOCAL  COMPETITION     MANUFACTURING  &   NATIONAL  COMPETITION     INFORMATION  &   GLOBAL  COMPETITION   The  End  of  Ownership  by  Weleet  2013  
  • 53. GLOBAL CONNECTEDNESS AND COMPETITION FOR ONCE LOCAL JOBS OUTSOURCED     MANUFACTURING     The  End  of  Ownership  by  Weleet  2013  
  • 54. GLOBAL CONNECTEDNESS AND COMPETITION FOR ONCE LOCAL JOBS EDUCATED  WORKFORCE   The  End  of  Ownership  by  Weleet  2013  
  • 55. GLOBAL CONNECTEDNESS AND COMPETITION FOR ONCE LOCAL JOBS QUALIFIED  WORKFORCE   The  End  of  Ownership  by  Weleet  2013  
  • 56. GLOBAL CONNECTEDNESS AND COMPETITION FOR ONCE LOCAL JOBS QUALIFIED  STEM   WORKFORCE   The  End  of  Ownership  by  Weleet  2013  
  • 58. EVOLUTION  IS  THE  CONVERGENCE  OF  ALL  OF  THESE  FACTORS       The  Sharing  Economy  is  the  natural  result     of  the  four  principles  of  evoluAon  all   coming  together  at  the  same  Ame.   The  End  of  Ownership  by  Weleet  2013  
  • 59. EVOLUTION  IS  THE  CONVERGENCE  OF  ALL  OF  THESE  FACTORS       WHAT  TO  DO  TO  SURVIVE  AND  THRIVE?     The  End  of  Ownership  by  Weleet  2013  
  • 60. SOME TRAITS THE STRONG ONE ARE CONSISTENTLY PASSED ALONG NOBODY KNOWS WHERE THE SHARING ECONOMY IS HEADED, BUT WE KNOW SOME WILL MAKE IT THERE AND SOME WONT. RECOGNIZE  AND  EMBRACE  THE   INHERENT  TRAITS  OF  THE  SHARING   ECONOMY  –       SUSTAINABLITY   EFFICIENCY   MUTUALLY  BENEFICIAL   COMMUNITY   REPUTATION  SYSTEMS     –  TO  SURVIVE  THE  EMERGING   WORLD  OF  RAPID-­‐FIRE  CHANGE     AND  THRIVE  AMONGST  INCREASING   COMPETITION  ON  A  GLOBAL  SCALE.   ADAPT ADAPT ADAPT The  End  of  Ownership  by  Weleet  2013  
  • 61. SharingEconomy Media Economics Education Real Estate Travel Employment Hieroglyphics Print Radio Film TV Internet Mobile Hunters & Gatherers Farmers 9 to 5 Freelancers Micropreneurs 24/7 Nomadic Agricultural Industrial Manufacturing Service Apprenticeship Classic Military Private Religious Public E-Learning Wagon Boat Foot Train Plane Automobile Cave Village Campfire Farm Homestead Suburb City Rental
  • 63. SOME TRAITS THE STRONG ONE ARE CONSISTENTLY PASSED ALONG THERE IS ONE THING WE CAN HOPE FOR IN THE FACE OF SUCH RAPID CHANGE AND INCREASED COMPETITION... The  End  of  Ownership  by  Weleet  2013  
  • 64. SOME TRAITS THE STRONG ONE ARE CONSISTENTLY PASSED ALONG THERE IS ONE THING WE CAN HOPE FOR IN THE FACE OF SUCH RAPID CHANGE AND INCREASED COMPETITION... TRUST. The  End  of  Ownership  by  Weleet  2013  
  • 65. SOME TRAITS THE STRONG ONE ARE CONSISTENTLY PASSED ALONG …THE ULTIMATE VALUE TO SHARE. TRUST. The  End  of  Ownership  by  Weleet  2013  
  • 66. SOME TRAITS THE STRONG ONE ARE CONSISTENTLY PASSED ALONG …THE ULTIMATE VALUE TO SHARE. “The  Sharing  Economy   is  itself  a  play  in  a  much   grander  fundamental   shis.  It's  a  shis  from  an   infrastructure   that  protects  people     from  each  other,  to  an   infrastructure   that  helps  people  trust     each  other.”       -­‐  Trusted  Advisor   Associates,  LLC   The  End  of  Ownership  by  Weleet  2013  
  • 67. SOME TRAITS THE STRONG ONE ARE CONSISTENTLY PASSED ALONG NOBODY KNOWS WHERE THE SHARING ECONOMY IS HEADED, BUT WE KNOW SOME WILL MAKE IT THERE AND SOME WONT. WILL YOU? The  End  of  Ownership  by  Weleet  2013  
  • 68. FREELANCERS! The  End  of  Ownership  by  Weleet  2013  
  • 69. INDEPENDENT WORKERS! The  End  of  Ownership  by  Weleet  2013  
  • 70. CONTRACTORS! The  End  of  Ownership  by  Weleet  2013  
  • 71. SOLOPRENEURS! The  End  of  Ownership  by  Weleet  2013  
  • 72. CONSULTANTS! The  End  of  Ownership  by  Weleet  2013  
  • 73. SHARE WITH US! Weleet.co   Together  We  Work  BeTer.™  
  • 74. SHARE WITH US! Sign  up  at  Weleet.co   A  community  of  independent   workers  who  trade  and  share  space.  
  • 75. FIND US! A  community  of  independent   workers  who  trade  and  share  space.   On  Twiuer:   @Weleetweet   On  Facebook   Facebook.com/WeleetInc   A  Slide  Share  brought  to  you  by  Weleet.co/   On  LinkedIn   Linkedin.com/company/weleet-­‐inc-­‐  
  • 76. SHARETHIS NOW! A  community  of  independent   workers  who  trade  and  share  space.   A  Slide  Share  brought  to  you  by  Weleet.co