At 45 years young, Haddad’s seen some shit, from the horrors of the Lebanese Civil War in ’89 to the rise of the Internet’s biggest 24/7 yard sale — eBay— as a former Senior VP of Products. IAC is investing $250 million in Turo, a peer-to-peer car-sharing firm that is often referred to as the Airbnb for cars. All Rights Reserved. In late 2010, the company expanded to San Francisco, where it is now headquartered. Since co-founding his first company, iBazar (France’s first Internet marketplace) in 1999, Haddad has seen nothing but net, eventually selling iBazar to eBay for $140 million. Got a confidential news tip? Turo General Information Description. Why the hype? With peer-to-peer car rental, in contrast, private individuals rent their vehicles to drivers. So, I think we’ll do well.”. “They say we’ll get to another billion in 25 years. Think twice before you trash that winter beater in your driveway. The funding brings Turo's total equity raised to $470 million. Employees. Buy 3D models for your project from our vast online catalog of cars, people, textures, architectural models and more. My specific story: I’m taking a road trip from the San Francisco Bay Area to Houston for a month (leaving in a week). The province you select allows us to calculate a MSRP based estimated price for your vehicle. The company expects to use the fresh funding from IAC to kickstart additional growth and further "refine the customer experience.". App operation. IAC CEO Joey Levin, who will join Turo's board as a result of the move, said the company is at the forefront of a broader disruption of the rental car industry. Emergency roadside assistance: In the United States, call 1-415-965-4525; In Canada, call 1-888-391-0460; In the UK, call 0344 243 8660.; Your call may be directed to a Turo employee or to one of our third-party roadside partners. NJ Tax Records Search. Touro Infirmary A New Orleans hospital with history & experience. We care about pets & their people. Haddad, Beirut native, CEO, and part-time DJ (he loves spinning ’90s house for his staff), is referring to TURO, his San Francisco-based auto-sharing operation that lets people rent out their cars for cash. Turo has now raised roughly $101 million altogether, including from Canaan Partners, August Capital, Google Ventures and Shasta Ventures. Plenty of cars on Turo cost less. Sign up for free newsletters and get more CNBC delivered to your inbox, Get this delivered to your inbox, and more info about our products and services.Â, © 2021 CNBC LLC. We want to hear from you. “It made so much sense to me, especially after being at eBay for so long, where we taught people how to turn their closet into earnings.”, As Haddad sees it, TURO’s about giving life to “something that’s always losing value” and turning it into an income. As is helping car owners make a little more every month to offset the accompanying costs, something that’s hard to hate. Got a car? Allen Lee 10 months ago Andre Haddad can be said to have the Midas touch since everything he has touched turned into a fortune. Love it or hate it, the sharing thing’s not budging, and like Airbnb, everyone’s talking about TURO — including Google Ventures, who have already bought a generous stake in the brand. With car sharing services such as Zipcar, a third-party company owns a fleet of vehicles that members of the service can use in exchange for a fee. And don’t think it involves an auto ad. And with costs of living skyrocketing, TURO’s no doubt an attractive model, which explains why Haddad’s set up shop in Canada as of three weeks ago. If your Turo host (the person or business who owns the car) uses their own commercial insurance, your situation will be different (and probably better). Marketing. Similar to home sharing services, Turo allows users to rent out their personal vehicle to other users and markets itself as a rental car alternative for consumers. He took over the startup from its founder, Shelby Clark, in 2011, and hasn’t looked back since. You can check out its new promotional video here: “But these days I’ll walk by an airport and see all these cars sitting there in lots and think all of them could be revenue-generating assets. In this man’s world, that’s anti-big picture. Turo is a peer-to-peer car rental platform that allows you to book other people’s personal vehicles as rental cars. Standard rates apply when calling from outside those areas. Our Specialists have nationwide access to search the top databases for the best quality used cars and trucks. TurboTax was developed by Michael A. Chipman of Chipsoft in 1984 and was sold to Intuit in 1993.. Intuit, the maker of TurboTax, has lobbied extensively against the Internal Revenue Service … — or depending how you look at it, third — largest car sharing marketplace, Quotes! Msrp based estimated price for your vehicle Levin on $ 250 million in Turo the second — depending... 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