Getaround Captures TechCrunch Title
NEW YORK (TheStreet) -- After three days and 32 pitches, car-sharing service Getaround emerged as the winner Wednesday night at TechCrunch Disrupt's Battlefield start-up competition.
The start-ups pitched to a live audience of 2,000, top tech execs and venture capital investors at New York's Pier 94 this week with hopes of taking home $50,000 in cash.
The winning start-up, San Francisco-based Getaround, lets users rent out their cars by the hour or day to others through its Web site or through an iPhone app. Car owners set the car availability and price, while Getaround deals with insurance through an agreement with insurance giant Berkshire Hathaway (BRK.A).
Getaround hopes to solve the problem of car underutilization and overpopulation, said founder and CEO Sam Zaid."There are over 250 million personal vehicles in the U.S. and they sit parked 22 hours of every day," he said. Since launching last week, more than 1,600 renters have signed up to use Getaround -- around 20% the size of Zipcar's (ZIP) fleet. Marissa Mayer, Google's vice president of consumer products and a judge at the event, said she was "super impressed" with Getaround's service. "You're working on a really important, every day problem," she said. Fred Wilson, the principal of Union Square Ventures and an investor in start-ups like Foursquare and Twitter, added that Getaround was "terrific." Runners up in the Disrupt competition included BillGuard, a service that monitors your bills for suspicious charges, and Sonar, a social networking app. --Written by Olivia Oran in New York.
>To follow the writer on Twitter, go to http://twitter.com/Ozoran. >To submit a news tip, send an email to: firstname.lastname@example.org.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV