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The Sharing Economy

Thanks to the social web, you can now share anything with anyone anywhere in the world. Is this the end of hyperconsumption? | Illustration by Craig Robinson

The Sharing Economy

BY Danielle Sackslong read

It’s 8:30 a.m. in Silicon Valley, and Neal Gorenflo is already busy sharing. Inside his Mountain View town house, just a few short blocks from the Caltrain station where commuters pour out each morning on their way to Google, Gorenflo hands over his 15-month-old son, Jake, to a nanny he shares with his neighbor. At a local coffee shop, he logs on to a peer-to-peer banking site called Lending Club to make a series of small loans to someone planning a wedding, another starting a pet business, and a guy named Pat who wants to move. After biking down to the station, he drags his ancient Peugeot onto the train to San Francisco, where he hops into a Prius he’s reserved for a few hours from City CarShare, a not-for-profit version of Zipcar.

After driving out to Berkeley for a tour of a cohousing community, he finally lands at a shared office space in SoMa, from which he works once a week. “What typically happens is when people try one sharing behavior, then they start to think, What can I do next?” says the 47-year-old ex — equities analyst. “And those small changes ultimately lead to big changes.”

Gorenflo does, of course, still own stuff. He owns his house and his laptop and his clothes and even that old Peugeot bike (Mountain View won’t get a bike-sharing program till later this year). But the self-described “sharing hacker” has come a long way in a short time from his past existence as a corporate exec. In 2004, he was a strategist for a division of shipping giant DHL, splitting time between San Francisco and company headquarters in Brussels. The Up in the Air life was not for him — he started noticing that most thirtysomething expats in his office were divorced, and he worried that his relationship with Andrea, his girlfriend, might be headed for trouble. “Our mission statement at DHL was something like, ‘To be the best box mover in the world,’ ” recalls Gorenflo, who resembles a compact Kris Kristofferson. “I thought, What am I doing?” One afternoon, after a jog through the parking lot of his Brussels hotel, he quit his job. Since then, Gorenflo has deconstructed every aspect of his personal and working life, “removing all the things that don’t add value and concentrating on the things that deliver value.” Andrea made the cut — she’s now his wife. But the corporate life did not. In late 2009, he started Shareable, a not-for-profit web hub that provides individuals and groups with a playbook for how to build systems for sharing everything from baby food and housing to skills and solar panels. “Business has spent centuries making buying really easy,” says Gorenflo. “We’re just at the beginning of making sharing easy.”

Gorenflo is a leading proselytizer of a global trend to make sharing something far more economically significant than a primitive behavior taught in preschool. Spawned by a confluence of the economic crisis, environmental concerns, and the maturation of the social web, an entirely new generation of businesses is popping up. They enable the sharing of cars, clothes, couches, apartments, tools, meals, and even skills. The basic characteristic of these you-name-it sharing marketplaces is that they extract value out of the stuff we already have. Many of these sites depend on millennials disenchanted by the housing bubble and the banking crisis, or uninterested in traditional icons of success such as house or auto ownership. But the number of people who have quietly begun tapping in is impressive: Already, more than 3 million people from 235 countries have couch-surfed, while 2.2 million bike-sharing trips are taken each month. Contends Rachel Botsman, coauthor of the recently published What’s Mine Is Yours: The Rise of Collaborative Consumption: “This could be as big as the Industrial Revolution in the way we think about ownership.”

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ABOUT THE AUTHOR

Danielle Sacks is an award-winning journalist and a former senior writer at Fast Company magazine. She's chronicled some of the most provocative people in business, with seven cover stories that included profiles on J.Crew's Jenna Lyons, Malcolm Gladwell, and Chelsea Clinton More


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