Zipcar: Robin Chase
Robin Chase the founder of Zip Car shares tells us about her mission to help share resources.
In 1999, Robin Chase, then 40, was raising three kids in Cambridge, Mass., with no car (her husband took the family car to work). She didn't want the cost or bother of owning a second car, but, she says, "you can only borrow the neighbors' cars so much." A friend told Chase about a car-sharing program in Europe. "I thought, Wow! That's what I want!" She also realized that the Internet and wireless technology would enable people to reserve vehicles and then unlock and drive them with special cards.
By January 2000, Chase, who is a graduate of Wellesley and MIT, had written a business plan with her friend Antje Danielson, who had done transportation-related research at Harvard. They financed their start-up with $75,000; Chase became the CEO, and by June Zipcar had two cars on the street in Cambridge and one in Boston's Beacon Hill neighborhood. "The idea was tremendously exciting, but that was just 1% of it," she says. "The rest of it was working, slogging, forcing, pushing and fighting to make it happen -- a lot like childbirth." Zipcar now operates in 14 cities and at more than 230 U.S. colleges, with more than 560,000 members who can rent cars by the hour or the day. Its initial public offering in April was a resounding success.
Chase calls herself a transportation innovator, on a mission to share resources. She is more comfortable as an idea person than as an executive. She left Zipcar in 2003, then in 2007 co-founded GoLoco, billed as the first company to combine ride sharing, social networks and easy payment.
Sign up for Kiplinger’s Free E-Newsletters
Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.
Profit and prosper with the best of expert advice - straight to your e-mail.
Her latest venture, called Buzzcar, focuses on car sharing in your own neighborhood. She is rolling it out in Paris, where car ownership is expensive. Chase jokes that Buzzcar will create "autopreneurs." She is pleased to report that the owner of a Porsche has added his car to the network.
Get Kiplinger Today newsletter — free
Profit and prosper with the best of Kiplinger's advice on investing, taxes, retirement, personal finance and much more. Delivered daily. Enter your email in the box and click Sign Me Up.
-
What's at Stake for Alphabet as DOJ Eyes Google's Chrome
Alphabet is higher Tuesday even as antitrust officials at the DOJ support forcing Google to sell its popular web browser. Here's what you need to know.
By Joey Solitro Published
-
Lowe's Stock Is Falling After Earnings. Here's Why
Lowe's stock is lower Tuesday as Wall Street weighs a beat-and-raise quarter against declining revenue. This is what you need to know.
By Joey Solitro Published
-
Roth IRA Contribution Limits for 2024 and 2025
Roth IRAs Roth IRA contribution limits have gone up. Here's what you need to know.
By Jackie Stewart Last updated
-
Four Tips for Renting Out Your Home on Airbnb
real estate Here's what you should know before listing your home on Airbnb.
By Miriam Cross Published
-
Five Ways to a Cheap Last-Minute Vacation
Travel It is possible to pull off a cheap last-minute vacation. Here are some tips to make it happen.
By Vaishali Varu Last updated
-
How to Figure Out How Much Life Insurance You Need
insurance Instead of relying on rules of thumb, you’re better off taking a systematic approach to figuring your life insurance needs.
By Kimberly Lankford Last updated
-
Amazon Big Deal Days Is Coming! We’ve Got All the Details
Amazon Prime To kick off the holiday season with a bang, Amazon Big Deal Days runs Tuesday, October 8 and Wednesday, October 9.
By Bob Niedt Last updated
-
How to Shop for Life Insurance in 3 Easy Steps
insurance Shopping for life insurance? You may be able to estimate how much you need online, but that's just the start of your search.
By Kaitlin Pitsker Published
-
Five Ways to Shop for a Low Mortgage Rate
Becoming a Homeowner Mortgage rates are high this year, but you can still find an affordable loan with these tips.
By Daniel Bortz Last updated
-
Retirees, It's Not Too Late to Buy Life Insurance
life insurance Improvements in underwriting have made it easier to qualify for life insurance, which can be a useful estate-planning tool.
By David Rodeck Published