Spinlister is a website and mobile app for peer-to-peer sharing of outdoor sporting gear, specifically bikes, surf boards, SUPs, skis and snowboards. Bikes are the company’s primary market. It is commonly referred to as the "Airbnb for bikes”. The platform has listings in 63 countries and users from 120 countries. It was founded in 2011 and is headquartered in Santa Monica, California.
History
The company was founded by Will Dennis and Jeff Noh in May 2011. The idea for Spinlister arose after Dennis listed his own bike for rent on Craigslist in New York City and saw interest from both locals and tourists to rent it out for more than a few hours. The company's first two markets were New York City and San Francisco and started with only bike listings from individuals or existing bike rental shops. Spinlister was the Audience Choice Winner during the TechCrunch Disrupt Battlefield in San Francisco in 2012. It raised $450,000 in initial funding from investors. In late 2012 the company rebranded itself as Liquid and reintroduced itself as a "liquid" marketplace for sharing of assets, including bikes. Around this time, the company also moved its headquarters to San Francisco. Shortly thereafter, Dennis and Noh shut downthe service. In 2013, the company relaunched under its original name and branding and with a mobile app under the direction of Brazilian entrepreneur and one of the seed investors, Marcelo Loureiro. The company remains privately funded. Since September 2018, the firm has been owned by Mark Gustafson, founder of Los-Angeles-based electric bike start-up Story Bikes. In late December, Spinlister was resurrected, with an email to community members asking “are you ready to get back into the saddle?” Gustafson promoted that Spinlister was “getting a tuneup” and would relaunch in January. "Our main focus is giving bike shops ways to increase revenue, and instead of being hurt by the micromobility explosion, capitalize on it and thrive,” said Gustafson, who is also co-founder of Story Bicycles, an e-bike brand. The bike-share program allows small, local operators, including bike shops and mobile service operators, to compete with the giant multinational companies that currently dominate that market. "The Bluetooth U-lock lets local businesses run their own bike-share programs. It keeps the money local and in a small business,” Gustafson said.
Company
In addition to the website, iOS and Android apps were released in 2013. The marketplace expanded to include snow and surf equipment in 2013 and 2014, respectively. In 2014 and 2015, the company was the official bike share sponsor of the Ironman Triathlon series. In March 2015, the company announced the launch of a decentralized bike share model at the South by Southwest music festival in Austin, Texas. The new system does not require a hub or station but rather allows users to locate, book, unlock, ride and relock the bikes through the Spinlister app. The “Smart Bikes” are manufactured by and will be available for existing users to purchase. The first trial market will be held in Portland, Oregon. In March 2016 the company announced the acquisition of Cycleswap, a Dutch peer-to-peerbike sharing platform for an undisclosed amount. Since September 2018, the firm has been owned by Mark Gustafson, founder of Los-Angeles-based electric bike start-up Story Bikes. In late December, Spinlister was resurrected, with an email to community members asking “are you ready to get back into the saddle?” Gustafson promoted that Spinlister was “getting a tuneup” and would relaunch in January. 2019, Spinlister continues to let the Peer to Peer business organically grow while growing the B2B SAAS business. "Spinlister can provide shops an easy plug-and-play option for online booking, as well as a solid marketing plan to drive business to a shop"
