
Benefits of a Shared-Economy Business Model

Photo: Praveen (left), with founder of ShareShed, Daniel DuBois, an EO GSEA finalist
The sharing economy is reinventing the way people think, act and play while affecting nearly every industry. We’re witnessing a generational shift toward people collecting memories over stuff. Praveen Varshney, a long-time EO Vancouver member and investor in Lyft, Guiides.com, ShareShed and other sharing-economy companies, is capitalizing on this new movement while helping the environment through supporting a culture of access over ownership.
What inspired you to invest in peer-to-peer marketplaces?
“I’m always looking for new ways to innovate. With the success of Airbnb and Uber, I saw an opportunity to use my investments as a tool to make a return while moving society forward.”