Everything On DemandSteve Schlafman, Principal
The US Service Based Economy
$1.2 trillion of GDP
Source: US Bureau of Labor Statistics (2010)Made with love in NYC by @schlaf and RRE Ventures
The Largest Driver of Employment
115 million service workers
Source: US Bureau of Labor Statistics (2010)Made with love in NYC by @schlaf and RRE Ventures
Buying Milk Has Come Full CircleYesterday Today
Groceries in under an hour
Made with love in NYC by @schlaf and RRE Ventures
On-Demand Mobile Services
Applications that aggregate demand on mobile devices but fulfill that demand through offline services.
Made with love in NYC by @schlaf and RRE Ventures
Collapsing The Value Chain
Yesterday
Today
Made with love in NYC by @schlaf and RRE Ventures
The Perfect Storm
Smartphones
High Unemployment
Busy Homes LTE / 4G Everywhere
Made with love in NYC by @schlaf and RRE Ventures
Societal Benefits
Local Jobs More Time Income from Property
Taxes
Made with love in NYC by @schlaf and RRE Ventures
Categories Impacted
Moving & Storage
Transportation Home Services
Office Space Health & Beauty
Food & Dining Care Services Delivery Events TravelMade with love in NYC by @schlaf and RRE Ventures
On Demand LandscapeTransportation Health & BeautyDining + Drinks
Delivery & Logistics
Food & BeverageHome Services
Travel / Hospitality
Events
Source: RRE Ventures (2014)
VC Funding Since 2009
70+ companies$1.75 Billion
Source: RRE Ventures (2014), Mattermark, CB Insights, Crunchbase
*Excludes: Seamless, OpenTable, Eventbrite, Zipcar Made with love in NYC by @schlaf and RRE Ventures
RRE Companies
Veterinarians on demand
Made with love in NYC by @schlaf and RRE Ventures
RRE Companies
Food ordering apps for multi-unit businesses
Made with love in NYC by @schlaf and RRE Ventures
Services We Admire
Peace and quiet on demand
Made with love in NYC by @schlaf and RRE Ventures
Services We Admire
Made with love in NYC by @schlaf and RRE Ventures
Services We Admire
Home services on demand
Made with love in NYC by @schlaf and RRE Ventures
Services We Admire
Package delivery on demand
Made with love in NYC by @schlaf and RRE Ventures
Services We Admire
Local, fresh meals on demand
Made with love in NYC by @schlaf and RRE Ventures
Services We Admire
Move services on demand
Made with love in NYC by @schlaf and RRE Ventures
Challenges
Regulation Low Barriers to Entry
Moving Atoms Regional
Made with love in NYC by @schlaf and RRE Ventures
The Future
Business Services
Health Services
Real Estate Ecosystem Partners
Made with love in NYC by @schlaf and RRE Ventures
A Final Thought
“Uber is efficiency with elegance on top. That’s why I buy an iPhone instead of an average cell phone, why I go to a nice restaurant and pay a little bit more. It’s for the experience.”
-Travis Kalanick, Co-founder / CEO of Uber
Made with love in NYC by @schlaf and RRE Ventures
Thank YouSteve Schlafman, Principal
