Rentalic provides an innovative online rental marketplace that enables person-to-person renting among friends, family, colleagues, and neighbors.
Rentalic enables individuals or businesses to rent items, services, and real estate to/from each other. Rentalic's platform helps the "people who need stuff" connect with the "people who have stuff". Rentalic's philosophy of "Rent | Share | Be Green" fosters reuse and sharing of goods, thereby reducing the carbon footprint while enabling people to save money and earn money.
Highlights:
- Person-to-person rental marketplace - Renting as an alternative to buying new products benefits the environment - Individuals can earn money by renting out items they own to family, friends, & neighbors - Individuals can save money by renting, instead of buying
Rentalic captured the 1st place grand prize in the 2010 PayPal X Developer Challenge innovation competition. The competition began with 650 applicants before being narrowed down to the top ten finalists. A panel of distinguished judges, which included Pierre Omidyar (Chairman of eBay), Scott Thompson (President of PayPal), Marc Andreessen (General Partner of Andreessen/Horowitz), and Roelof Botha (Partner at Sequoia Capital), selected Rentalic as the competition’s grand prize winner, further validating Rentalic’s business model as the premier technological solution for the person-to-person rental marketplace.
