The Spark of Genius Series highlights a unique feature of startups and is made possible by Microsoft BizSpark. If you would like to have your startup considered for inclusion, please see the details here.
Name: Parking Panda
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Quick Pitch: Find, rent or rent out a parking space online.
Genius Idea: Earn money off your empty driveway.
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When Nick Miller was a student at Georgetown, he had, by his description, one of the best parking spots in the city. “If I could have sold that driveway, I probably would have gotten half a million for it,” he joked. “But I was in college, it was empty, I never used it.”
It was that driveway that inspired Parking Panda, the three-person company of which he is cofounder and CEO. The site allows you to locate and rent parking spaces, and rent out your own stretch of car-friendly turf, similar to what AirBNB offers for housing. Right now the service is only available in Baltimore, MD, but Miller says his team is working to roll out in Washington, D.C. in the coming weeks, followed by Philadelphia, Boston, Chicago and San Francisco.
To find a parking space, simply enter an address. You can sort by distance and price, and view photos of the spot. You can also see how many others have “liked” or “disliked” a space, which is I suppose marginally helpful — full-text reviews would be much better.
Renting out your own parking spot is a simple process. You can connect to Facebook to import your basic details, then set a price and schedule to announce your spot’s availability. You’ll receive an email when someone has made a booking. Parking Panda will take a 20% cut.
The startup has raised an undisclosed amount of funding and is still in the process of raising more, Miller tells us. Parking Panda has helped more than 1,000 people park in Baltimore, he adds, and has recently begun working with parking garages to increase its inventory.
ParkWhiz, another online startup in the parking space, focuses on helping people find parking in major commercial lots.
Series Supported by Microsoft BizSpark
The Spark of Genius Series highlights a unique feature of startups and is made possible by Microsoft BizSpark, a startup program that gives you three-year access to the latest Microsoft development tools, as well as connecting you to a nationwide network of investors and incubators. There are no upfront costs, so if your business is privately owned, less than three years old, and generates less than U.S.$1 million in annual revenue, you can sign up today.
This story originally published on Mashable here.
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