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Sam Angus, an attorney with law firm Fenwick & West who represents start-ups including Airbnb and RelayRides, said the collaborative-consumption model has several advantages. While the companies provide technology that allows people to share their belongings or services, the start-ups typically don't have to deal with the costs of the physical goods or the labor expenses of providing the services.
There are no figures on the number of companies based around the idea. But in just three years, a handful of collaborative-consumption companies have snagged lofty valuations and triggered a rush of venture capital into the concept.
Mr Reiss says he has not been surprised by the victims. "People are much more discerning now about how they spend their money and you have to keep moving forward as a brand. If you don't have that sense of uniqueness or give customers what they want, you are going to struggle. You have to be adaptable and understand your customer. It's a tough world out there."
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Sam Angus, an attorney with law firm Fenwick & West who represents start-ups including Airbnb and RelayRides, said the collaborative-consumption model has several advantages. While the companies provide technology that allows people to share their belongings or services, the start-ups typically don't have to deal with the costs of the physical goods or the labor expenses of providing the services.
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Mr Reiss says he has not been surprised by the victims. "People are much more discerning now about how they spend their money and you have to keep moving forward as a brand. If you don't have that sense of uniqueness or give customers what they want, you are going to struggle. You have to be adaptable and understand your customer. It's a tough world out there."
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No problem. That was the first show I fell in love with. I was so sad to see it go off the air - it could have gone on forever. But yes, I do think some of the first eppy's female audience were persuaded just a tiny bit by that old Belthazor-lawyer hunk-of-McMahon!
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