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Spotlight on the Sharing Economy: Q&A with Park at my House

jennifer boynton headshotWords by Jen Boynton

TriplePundit Sponsored Series

The Rise Of The Sharing Economy

What's your name?
Alex Stephany - I'm the Chief Operating Officer at ParkatmyHouse.com

What does your company do?
We help people rent out their private parking spaces to drivers. By using our service, would-be parkers avoid over-priced, scarce parking on streets or in parking lots.

When were you founded and how big are you?
We were founded in 2006. We now have over 200,000 users, making us the biggest company in P2P parking globally.

How do you define the sharing economy?
The sharing economy is win-win neighborly transactions…at scale!

How does your company contribute to the rise of the sharing economy?
We are one of the biggest collaborative consumption businesses in the UK and we tackle a day-to-day problem by educating people about the obvious solution - sharing resources.

How do you build community?
Through PR and word of mouth. And above all, by providing a service that benefits drivers and property owners and cities as a whole. Unsurprisingly, our homeowners earning tens of thousands of dollars annually from our service like to talk about us!

How does your company reduce consumption and stimulate economic growth??
According to IBM, over 30 percent of traffic and car pollution in a large city is caused by drivers circling, looking for parking. So when drivers book their parking in advance through us, they save gas and time and money.

Can you share a recent milestone your company has achieved?
Last year, we took investment from BMW. It’s a great vote of confidence in our business model and service.

What’s your biggest challenge?
Growing awareness of our concept and helping potential users get over that initial resistance to changing their behavior.

What is your favorite thing to share?
Parking spaces via our API! Get in touch if you’d like to hear more.