ShearShare Highlighted in Google's Annual Economic Impact Report

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First Texas Startup to Win Google Demo Day Continues to Grow with Google

DALLAS - eTradeWire -- ShearShare, the largest provider of on-demand salon and barbershop space rentals worldwide, today announced that it was highlighted as the only Texas startup in Google's tenth annual Economic Impact Report at https://economicimpact.google.com/reports/tx/, a report that showcases how businesses, publishers and nonprofits across the United States are using Google's digital tools to support the local economy and connect with the people and communities they serve. This year in Texas, small businesses generated $20.8 billion in economic activity, with 15% attributed to the beauty and barbering profession. By leveraging Google products, ShearShare helps industry small businesses generate more money and jobs for the local economy.

"For small businesses in the United States, the Web is the most powerful tool to attract new customers and support existing ones," said Mary Ellen Coe, President of Google Customer Solutions. "We are proud that our search and advertising tools helped ShearShare grow and contribute to the economy in Dallas and abroad."

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Since launching the first B2B mobile app that connects salon and barbershop owners to independent stylists to fill their empty chairs on demand, ShearShare has experienced

• 184% year-over-year revenue growth
• 144% growth in the number of new businesses on the platform, and a
• 30% increase in revenue per stylist

"Beauty and barbering help make up 15% of the non-employer firms in the Lone Star State and 82% of the small business employment share," says Dr. Tye Caldwell, Cofounder & CEO of ShearShare. "We're not only using Google to grow our own tech-enabled startup, but ShearShare is also helping to keep local brick n' mortar businesses open. Google has been a huge advocate for ShearShare, and we're huge advocates for Google."

ShearShare recently joined other high-growth companies from across the United States at the Grow with Google Business Meetup at Google headquarters in Redwood City, California, an initiative launched to help create economic opportunity for Americans. The event showcased companies featured in this year's annual Google Economic Impact Report. Drawing on Google's history of building products, platforms, and services that help people and businesses grow, the initiative aims to give Americans access to the best of Google's training and tools to grow their skills, careers, and businesses. More about these resources are at grow.google.

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About ShearShare
ShearShare, winner of Google Demo Day 2018 and Tech Co's 2016 Startup of the Year, is the first global marketplace that allows salon and barbershop owners to rent their excess suites and booths to licensed cosmetologists and barbers by the day. The ShearShare mobile platform gives owners a chance to make efficient use of their excess space by providing independent stylists short-term access based on a time and price that's convenient for them. Launched in September 2016, ShearShare currently serves industry professionals in more than 450 cities and 11 countries. For more information, visit ShearShare.com. To join the ShearShare community on Instagram, Facebook or Twitter, follow @ShearShare.

About Google
Google's mission is to organize the world's information and make it universally accessible and useful. For more information, visit www.google.com.

Contact
Jasmin Green, ShearShare
***@shearshare.com


Source: ShearShare, Inc.
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