In late 2016, I had decided to address the high costs of watercraft rentals in the Tampa Bay area through crowdsourcing. I’ve always been passionate about watersports, and rentals could run you up to $30/hour! From our market research, it was apparent that this price point was eliminating many potential customers from being able to take full advantage of our area’s beautiful surroundings.
I partnered with two friends, Ethan Myott and Sean Brodney (now studying at UF and Georgia Tech, respectively) to turn this vision into a reality. Together, we developed a fully-fledged website to crowdsource kayaks, paddleboards, and other watersports equipment and to create a new channel for existing rental businesses to reach customers. Think of it like an Airbnb for watersports. Our fee structure was roughly 15% of each rental, which kept us far below the competition.
Despite securing four commitments prior to launch to supply at least eight watercraft, we did not see enough growth during the critical summer months for various reasons, including marketing and budgeting. However, we analyzed precisely where we had gone wrong (I wrote a bit about that here) after we decided to cease operations and move on.
Like most of my other projects, I’d be open to restarting or passing on Sail & Save with my help — feel free to reach out!