How a 6-month sabbatical led a consultant to found Boatsetter - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 60 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 27%
  • Publisher: 51%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

The former consultant who launched the 'Airbnb of yachts' says she got her business idea after a taking a 6-month sabbatical — and watching her brothers struggle to sell their boats

She founded the company in 2012 after realizing she didn't want to keep shaping change in someone else's business when she could run her own.Visit Business Insider's homepage for more stories.

Jaclyn Baumgarten initially set out on a path that she viewed as "obligatory" and traditional: After graduating from college, she moved to New York City to work in strategy management consulting. "It taught me a lot about the challenges companies face and how to solve them – but I got really tired of providing recommendations and not getting to be part of the hands-on solution," Baumgarten told Business Insider. She attendedand worked until she "built the skillset and confidence to know that it was time for [her] to do something for [herself].

Baumgarten also took note of the success of companies like Airbnb that "help people monetize underutilized assets." If her brothers could safely rent out their vessels on an Airbnb-type platform, they wouldn't have to sell and so many others would enjoy the experience of boating, too. With over 17,000 available boats, there are many rental options. They also typically come with a captain.With this mindset, Baumgarten founded Boatsetter in 2012. Now, the Boatsetter platform rents over 17,000 boats in over 600 locations worldwide, making it the largest boat-sharing platform in the US.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in İE
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

How Brazil is leading Latin America's fintech revolution - Business InsiderLatin America Fintech Snapshot - Brazil: BIIntelligence examines how the region's economic powerhouse is leading its fintech revolution
Source: BusinessInsider - 🏆 729. / 51 Read more »

Apple may have to open NFC technology to others - Business Insider - Business InsiderA German law would make Apple offer NFC technology to other firms – impacting Apple Pay since it doesn't currently offer its NFC technology to others.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Small business lender BlueVine raises $102 million in Series F round - Business InsiderA Menlo Ventures partner told us BlueVine's focus is now growing credit products, adding banking features, and reaching 'scale where it could be a large, publicly traded fintech.'
Source: BusinessInsider - 🏆 729. / 51 Read more »