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On-demand platforms bring high number of workers, growth: VC report

June 12, 2019

On-demand platforms equal big numbers and high growth, according to the Internet Trends 2019 report released Tuesday by Silicon Valley venture capital investor Mary Meeker.

Meeker has been producing the report since 1995; she was formerly with venture capital firm Kleiner Perkins before moving to Bond Partners last year. The report is closely watched by tech investors.

Among the data points in Meeker’s report: The number of on-demand platform workers in the US rose to 6.6 million in 2018 from 5.4 million in the year prior. It cites data from Emergent Research and Intuit; the data includes both human-cloud workers and people who rent out space online through platforms such as Airbnb.

Several human cloud firms, including Uber, DoorDash and Wonolo, were mentioned in the report. It noted the number of workers on these platforms has increased sharply with Uber having 4 million driver partners and DoorDash having 1.3 million workers it calls “dashers.”

Online staffing platform Wonolo moved from startup in 2014 to approximately 230,000 workers in 2018, according to the report.

Uber and global staffing firm Recruit Holdings were also listed in the report as ranking among the largest global internet companies by capitalization. Uber ranked No. 13 with a market capitalization of $75 billion on June 7, and Recruit Holdings, which owns Indeed and Glassdoor along with other websites, ranked No. 14 with a market cap of $52 billion on June 7.

The report covered a variety of topics from internet use and online education to new data privacy regulations and the internet market in China. The full report is available online.

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