Venture Capital

Gint Rudis

 

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Jay Savsani

Great article! Really smart connection between luxury goods and collaborative consumption! I love how CC is allowing people to attain "situational luxury" sans the stress of ownership.

Gint Rudis

Is "Access" Really the Right Word for Collaborative Consumption? (Pt. 2)

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This is part 2 of "Is "Access" Really the Right Word for Collaborative Consumption?"

Part 1 can be found here http://www.builtinchicago.org/blog/access-really-right-word-collaborative-consumption-pt-1

 

The Access Spectrum

 

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Gint Rudis

Is "Access" Really the Right Word for Collaborative Consumption? (Pt. 1)

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Arguably, the most popular word that has been thrown around amongst the collaborative consumption crowd for the last couple of years is “Access.”  The Collaborative Consumption, or “sharing,” or “New Economy” movement (depending on your preferred nomenclature) has been, since inception, beating into our collective consciousness the idea that we do not need to tangibly own an item to make use of it as long as we are capable of “accessing” it.

 

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Eddie Patzsch

Nice to see a fellow #collcons website in Chicago! Based on your points, I'll consider the "ability to derive utility" but I still think it's about access.

Arun Sundarajan, Professor at NYU recently said it best:

“There’s a lot of people that will now travel and go to see a new place because the Airbnb is available, and who otherwise wouldn’t have…it’s going to expand the market for short-term accommodations…and companies like Lyft and Sidecar will expand the market for urban transportation.”

For now, “sharing economy” is the easiest reference to use in a business pitch or a discussion on the topic, but “access economy” definitely encompasses more of what this movement is achieving.

You say Tomato, I say Tomatoe :) I look forward to having more content from you about the Sharing Economy on Built in Chicago!

Gint Rudis

Eddie,

Thanks for the very thoughtful comment. I agree that the established terms like "access" and "sharing economy" are just fine. Knowledge of the "sharing economy" that we take for granted eludes a lot of people, even in the start-up/entrepreneurial space, so I have always been interested in this sort of new dialect that is emerging around the space. My goal here was to explore how/why the usage of verbiage has evolved the way it has and see if the meaning is aligned with the intention.

I intend to keep posting stuff periodically; please continue to contribute great comments like this one to the discussion!

John Conrad

Catalyzing Illinois: The Growing Need for #Biotech Crowdfunding

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Despite some of the reports showing an increase in VC funding, the number of deals and the number of early stage VC firms are contracting, there were 1,022 active firms http://blogs-images.forbes.com/brucebooth/files/2012/07/Number-of-Biotec..." style="background-color: transparent; border: 0px; margin:

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Chicago, IL, March 25, 2013 -- Square 1 Bank, the premier banking partner to entrepreneurs and the venture capital community, today announced that Ryan Dammeyer has joined as senior vice president for the Midwest region.  Based in Chicago, Mr. Dammeyer will be responsible for building the bank’s portfolio of clients in the technology and life sciences sectors.

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Still looking for ways to raise money? Learn how one entrepreneur launched his startup with no outside funds.

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Gint Rudis

What Capital Markets Already Know About Collaborative Consumption

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For all you MBAs, CFAs, CPAs, investment bankers, and finance professionals, the Capital Market Line is not a foreign term.  For the rest of us mortals, the capital market line is a very powerful concept with deep implications for the collaborative consumption economy.  It is an obscure, esoteric idea whose Wikipedia page (http://en.wikipedia.org/wiki/Capital_market_line) doesn’t even really explain what it is unless you ALREADY have a finance background.  For our purposes, consider the capital market line this: it is a qualitative model that captures the tradeoff investors e

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Gregory Jaros

Great job Gint Rudis, our COO at Spare to Share (www.asparetoshare.com) and resident deep thinker!

One of the most important videos for anyone in the space of Entrepreneurship. (It looks like it may become a series)

 

Should I ask for commission from ABC? I bet you'll be watching this season :)

 If you think/feel that this video added value to you, why don't you hit a Promote/Like button bellow? ;)

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Adam Calica

Shark Tank is hands down the best show on TV.

If you've gone through every episode of Shark Tank (like I have haha), Dragon's Den is good as well: https://www.youtube.com/watch?v=Okh3LMcGZJE

Red October

Thank you Adam. Have not heard about Dragon's Den. Will check.

Arteen Arabshahi

TechCrunch Covers Lightbank's Expansion

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TechCrunch covers Chicago-based Lightbank's expansion to NYC and onward...

 

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