Parking App Asks: What's Wrong With Paying for Someone Else's Spot?

You've circled the block six times. Fifteen minutes have passed. Would you pay to secure someone else's parking spot? A startup called MonkeyParking thinks San Francisco residents will — and it's created an app to prove it.

MonkeyParking is simple to operate: It connects to your Facebook account to create a profile; you then enter the location of where you're parked, or where you want to park. If you’re looking for parking and see a user — known as a "Monkey" — leaving his or her spot, you can start bidding for it, starting at $5. MonkeyParking said the average bid ranges from $5 to $10. Currently, the app is only available in two cities: It launched in San Francisco last month, and in Rome, Italy, on May 11 Read more...