A Service Concept is Born
Something from Nothing
One day, about a year ago, I was digging the street outside my favorite cafe. I quite literally stumbled upon a repurposed newspaper box labeled "The Stranger Exchange."
It looked like this:
I sensed that it was, in some way, important—but I didn't really know why. So, naturally, I blogged about it. I described it as a community dropbox: "a kind of physical, hyperlocal lovechild of Freecycle and PostSecret." The idea was comfy-sexy, and it appealed to people (at least in concept).
A lot has happened since then. I took an interest in "offline" sharing, and wrote a feature on the next generation of Zipcar: peer-to-peer car-sharing. I suggested that my company, a research consultancy that runs open innovation studies, collaborate with Shareable Magazine on The New Sharing Economy study. (We did.) If interested, you can attend The New Sharing Economy panel at SxSW 2011.
The study supported the notion that sharing through online social networks is encouraging people to share offline resources as well. It found that the top 5 opportunity areas for new sharing service concepts are (ahem, startups...): time, household goods, automobiles, money, and living space.

Larger version here. Download the full report here.
A Service Concept is Born: Swaptitude
I thought it was curious—and totally intuitive—that more people were interested in sharing time than money. So I got together with Tom Davis (a developer) and John Baunach (a designer), and we came up with the idea for Swaptitude:
Swaptitude is a new time-banking platform for members of the interactive community. Because time is money, you’ll be able to exchange expertise and professional services without exchanging any of that green stuff. (Traditional currency is so passe.) Additionally, Swaptitude works on a complex algorithm that understands reputation as an important piece of what makes your time so very valuable.
Swaptitude doesn't fully exist yet. But we'd appreciate if you filled out the intake form at http://swaptitude.com to help us as we build it out. Then, follow @swaptitude on Twitter.
Anyways, exciting days.



