We opened SittingAround.com to the public less than a month ago, and already families using our site are saving over $100,000 a year.
There are over 500 families participating in over 100 coops on SittingAround.com today. Based on the use we’ve seen so far, families who are participating in coops will save between $100 and $500 per year, with an average savings of around $250 per year. Multiply $250 by 500 families and we get an annual savings of $125,000 per year!
While we’re very happy with the growth of coops so far, we’re just getting started. We want to bring coops to as many families across the globe as possible and change the way families think about childcare. Our goal is to have 100,000 families and 10,000 cooperatives by the end of 2012.
Coops save families money by eliminating the need for paid babysitters. Instead, families receive free babysitting from other parents in exchange for returning the favor. While coops have existed for many years, until recently they have been difficult to coordinate and manage. SittingAround makes coops easy and, in doing so, helps families across the world save on the cost of childcare.