Click on the above image, or you can advance to the Spreadsheet of the Collaborative Economy Funding, to see a multi-tab analysis of funding, which I update on a regular basis. Caveat: This sheet is incomplete: People continually submit new data to me, and early stage funding is often not reported in public.
The Collaborative Economy continues to be a darling of tech investors. In a few short years, these companies have received incredible amounts of funding, totaling nearly $7 billion across 169 startups, with no signs of it slowing. Startups continue to seek investors to raise more funds, and investors are pressured by their own partners to get into the sharing and collaboration space. Here’s a few previews of what you’ll find in the sheet:
- This sheet contains ten tabs, with the main data tab having 513 rows, and five dynamic graphs, it includes:
- Summary tab
- Funding by Date (and year-by-year graph, and month frequency)
- Funding by Value in descending order (and graph)
- Funding by round type (a form of value)
- Funding by Industry (and graph)
- Comparison to popular social networks (and graph)
- As of today, there’s been a whopping amount of $6,884,248,411 funded in this market
- Span of Analysis is 12 years, however most has happened this year
- The transportation space has received the greatest amount of funding (see graph), dwarfing all other industries
- Total Startups Funded: 169
- Total Funding Events: 512
- Average Amount Per Funding Round: $14,933,294
- Average Total Funding Per Startup: $40,735,198 (that includes the outliers, like Airbnb and Uber)
- If you remove the outliers (Airbnb and Uber), the Average Total Funding Per Startup is $28,931,647
- There’s been more funding in this market than in Social Networks, by 26%, which I’ve written about on a prior post
Over the years, I’ve analyzed social network funding and the resulting social business software funding, and can see some patterns that are likely to repeat. Don’t expect most of these startups to succeed, as many are clones in a winner-take-all marketplace. Funding continues to pour in, and I expect us to cross the $7 billion marker in just a few months.
Transportation dominates the funding space, with Uber, Lyft, and BlaBlaCar taking the lion’s share. This is “market one” to be impacted, as there are significant numbers of idle vehicles that can be activated using mobile technologies. Crowdfunding, P2P Lending and other crowd-based currency industries are next, closely followed by physical space, and physical goods. Expect additional funding to follow in these categories.
I hope this sheet provides additional market clarity. You can use this funding data to forecast which types of startups will matter in the coming years. I had created a sheet tracking 2014 data, as I saw a surge in Q2. I am now abandoning that for the above sheet, due to the initial project success.
Has your blog exclusively switched to coverage about the collaborative economy? I used to absolutely love your perspectives on digital marketing and social business, but I feel content here has completely shifted.
If that is the case, I am going to depart this blog. Nothing against the collaborative ecomony or your insights therein, just doesn’t provide any value to me personally as I had a strong connection to your past content.
Yes, I made the shift nearly 1.5 years ago –maybe you haven’t paid as close attention 😉
Please note Jason, these are the same markets, they’re closely aligned, see how brands (marketers) are deploying in this market, can you take a look here, hopefully you’ll see the parallels.
http://www.web-strategist.com/blog/2014/10/16/timeline-corporations-in-the-collaborative-economy-ver-2-oct-2014/
Definitely parallels and I noticed the shift (here’s evidence: https://twitter.com/JasKeller/status/306065865219117056) but I never knew whether it was an outright departure or not.
I guess I just miss your wonderful thoughts on social strategy and the amazing insight you were able to provide ( for example: http://www.web-strategist.com/blog/2011/07/11/social-media-management-system-smms-lack-differentiation-in-positioning-confusing-market/
and
http://www.web-strategist.com/blog/2011/01/07/list-of-corporate-social-strategists-for-2011/)
…but I understand you’re in different territory now! 🙂
Jason, so glad to have this great dialog with you!
I actually don’t think it’s a departure at all. The first phase, people *created* media and *shared media* (blogs and then social networks). We call that social media
In the next phase of evolution, the people are *creating* physical goods (maker movement and crowdfunding) then sharing what they already have (sharing economy) using similar technologies.
If one thought social media was disruptive –they haven’t seen anything yet!
Remember how we had to help big companies as the people known as the audience are now on stage? Now, we have to help big companies turn their business model to alter now that the crowd is creating products with them!
In summary: If you were successful in social business –you will be very successful here in the Collaborative Economy –it’s a similar play
How does that sound? Join us 🙂