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    Date submitted
  • 17-Jan-2018



A subscription-based carpool platform (app) where regular commuters can fill their empty seats and cover the costs of their daily commutes.


Additional Questions

Who is your customer?

FareShare is perfect for people who travel to the same place regularly — to the office or school, for instance. These people typically use their own car to get there and drive alone, but it’s more cost-efficient and environmentally friendly to carpool with at least one other person. Drivers who already drive to work every day can make a small adjustment to their morning commutes and pick up one or two like-minded passengers living in their neighborhood that travel a similar route. In return, they will receive compensation to cover driving costs and hopefully a good conversation.

What problem does this idea/product solve or what market need does it serve?

The cost of daily commutes is the main reason that one would choose to carpool. The prices of gas, car maintenance, and parking drive up the overall traveling cost -- not to mention the stress that commuting can bring. Current carpools are hard to coordinate. It’s a hassle finding someone traveling to a similar destination. You never know who in your neighborhood could have a similar commute as you. Once you find someone, it’s a pain to handle payments and maintain sense of reliability with your carpool.

What attributes will make this idea/product successful? Why do you believe that those features will create success?

FareShare is first to market in subscription-based carpooling. We have lower expenses than Uber/Lyft who subsidize rides for lower prices and higher payouts. Users post once with no expiration or reposting vs. existing platforms. There are low opportunity costs for drivers who commute regardless, driving down prices. Subscriptions cover return commutes and increases user retention.

Explain how you (your team) will execute to make this idea/product successful? What gives you (your team) an advantage over others already in the market or new to this market?

The team currently consists of two people: Ethan Bazarganfard, founder & President of USC’s Trojan Entrepreneurship Network; Board Member of Urban Land Institute’s LA Transportation Dept. Nima Akbari, Has extensive knowledge of the rideshare and carpooling industry; Previous Executive Assistant at corporate law firm; Vice President of Entrepreneurship Association at UCSB