PeerSpace steps into the space sharing market
At this point I’ve seen so many share economy companies sprout up that it’s hard to keep track. VCs are hunting for the next Airbnb and share economy platforms that connect under utilized supply to interested consumers are incredibly attractive. VCs like the low scaling costs, and relatively low startup costs. Also, investors can get a fairly quick read on whether the concept will work, avoiding the need to pour tens of millions into a company to get it to a revenue producing point.
So into the fray comes PeerSpace. PeerSpace does office sharing though it appears that it wants to be much more diverse, including other real estate like culinary spaces, theaters, and exercise studios. I hope that PeerSpace pursues more than just office sharing as that market is a very tough one, and has already claimed casualties including Kodesk, Deskwanted and Loosecubes. The value proposition is difficult to individual freelancers who have no interest in paying $30-50 for a workspace on a given day. Surviving market leader Liquidspace has been smart to go after enterprise customers.
But two things intrigue me about PeerSpace. First is that it’s mobile based. I can see the value in being able to quickly photograph and list available space on your phone. Second, the speciality type spaces like theaters and yoga studios represent a real issue for many people (I’ve actually met with two different entrepreneurs recently. One was looking for an exercise space for a weekly event. The other needed a meeting space with culinary capabilities.) It’s that market I’d be very interested in were I PeerSpace. There’s no competition and there’s real value in helping organizations in need of specialty space.