After venture capital hit the sharing economy in the mid 2000s there was an explosion of different platforms that rose and fell and thrived. Uber and Airbnb emerged as the global standouts, raising tens of billions in capital and spreading across the world. Uber went on the rampage, with taxi businesses protesting, governments folding on tax and employment law and their simple and effective app was being used by millions. Drivers provided their own time, car, work cover, insurance, super, health care, phone and more. Airbnb went from a simple platform to share your spare room to the biggest hotel chain in the world with the vast majority of bookings being investment properties.
