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Getaround

What
Aiming to solve the problem of an inefficient, costly consumer car market through a car sharing system.

Disrupting
Passenger travel market.

Getaround
Source: Getaround

Headquarters: San Francisco
CEO: Sam Zaid
Year Founded: 2009
Number of Employees: 30
Funding: $14 million (latest and largest round)
Key Investors: Menlo Ventures, Marissa Mayer, Ashton Kutcher and Innovation Endeavors (the venture arm of Eric Schmidt)

Vital Stats

  • In the next 10 years the 1 billion worldwide car market is set to double
  • Each shared car takes 13 cars off the road
  • An average car sits idle 22 hours per day, or 22 billion car hours wasted daily
  • 250 million cars in the U.S.
  • You can rent cars from a Prius to a Tesla using Getaround, and rent through an iPhone
  • Individual car owners set rental prices and availability
  • Can earn $800 a month renting your car (versus $8,000 a year in average car cost)
  • Revenue target for 2013-2015 is $100 million
  • Expects to be profitable before 2015

On Disruption

"Creative destruction." -Sam Zaid, CEO

Tech

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