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Subject: Airbnb

paulgraham.com

41–50 of 146 posts

Re: Subject: Airbnb

#41

Interesting that completely missing from this conversation is: -- Their website design -- Their code (Rails? Jquery?) -- Their hosting / scalability / "cloud" strategy -- Source control methods, dev environment, tools -- APIs, "ecosystem", social media, "viral rate" etc. -- And more... Basically, all the things that most of us here spend most of our time discussing. Instead: 1) Idea / Team 2) Execute 3) Talk to peopl…

[deleted]

Re: Subject: Airbnb

#42

Fascinating conversation. Thanks for giving insight into how these deals work... >ABNB reminds me of Etsy in that it facilitates real commerce in a marketplace model directly between two people. Interestingly enough, I still tend to side with Fred's assessment of AirBnB's future. All my experiences with it as a user have been too unreliable to expect that it can scale to truly massive usability. Selling your old guit…

My take on it is that Airbnb is great unless you're the kind of person that doesn't trust strangers. Sadly, in the United States, the tendency to not trust strangers has been on the upswing for the last few decades.

Re: Subject: Airbnb

#43
I wonder if missed investments like this have the senior guys listening to the junior members a bit more, or whether the young guys are wrong enough to keep it biz as usual.

Re: Subject: Airbnb

#46

Fascinating conversation. Thanks for giving insight into how these deals work... >ABNB reminds me of Etsy in that it facilitates real commerce in a marketplace model directly between two people. Interestingly enough, I still tend to side with Fred's assessment of AirBnB's future. All my experiences with it as a user have been too unreliable to expect that it can scale to truly massive usability. Selling your old guit…

Strangers renting rooms are only a piece of their future. HomeAway (vacation rentals) just bought a superbowl commercial and are reporting revenue of $100M+.

writing on the wall: https://skitch.com/webwright/rieyj/airbnb-search

Note the # of entire home/apt entries. My guess is that these (with B&Bs, inns, and eventually hotels) will dominate the listings.

ABNB has a challenge with positioning moving forward-- a LOT of people think they are all about renting a room in a stranger's house, sharing a common area, etc. But their growth speaks for itself.

Re: Subject: Airbnb

#47

Fascinating conversation. Thanks for giving insight into how these deals work... >ABNB reminds me of Etsy in that it facilitates real commerce in a marketplace model directly between two people. Interestingly enough, I still tend to side with Fred's assessment of AirBnB's future. All my experiences with it as a user have been too unreliable to expect that it can scale to truly massive usability. Selling your old guit…

I just did my first AirBNB experience (actually am still in the middle of it) and I can say that it's actually been surprisingly smooth. It's almost like a paid way to make friends. The hosts who I'm staying with are so cool, and since I'm pretty public online, it was easy for them to feel comfortable with me staying at their pad. They've set it up as much like a hotel as I could ask for. It's really great, and it's paying half their rent (they have about 100% occupancy, believe it or not).

Re: Subject: Airbnb

#48

Interesting that completely missing from this conversation is: -- Their website design -- Their code (Rails? Jquery?) -- Their hosting / scalability / "cloud" strategy -- Source control methods, dev environment, tools -- APIs, "ecosystem", social media, "viral rate" etc. -- And more... Basically, all the things that most of us here spend most of our time discussing. Instead: 1) Idea / Team 2) Execute 3) Talk to peopl…

Why would anyone talk about that stuff when pitching to a VC?

Sure the operational factors are important (and that's why they get discussed here), but they're secondary to size of the market and the nature of the solution when it comes to how big the investment opportunity is.

Re: Subject: Airbnb

#49
In my experience, Airbnb's biggest competitor is HostelHero and I found this much more convenient than Airbnb while traveling (if only because hostels nearly always have space, unlike the many rooms we encountered on Airbnb advertised as free but suddenly not when you book them).

Arriving in a new city without internet it was great to have HH and be able to find 10 hostels and know they are going to be open. I guess McDonalds wifi etc. means Airbnb could have been a competitor, but the ease of finding accommodation reliably, of a reliable standard, and at more affordable prices meant we used HH far more than Airbnb.

Having said that, the times we could manage to find a room that was genuinely free, and appeared to be genuine people with a spare room, were some of the highlights of our travels. The people and the rooms were both fantastic, and it's this "home away from home" and social aspect I think Airbnb should be pushing. I think at the same time they should be working hard to remove the listings that I could best describe as dodgy guys trying to run a hotel out of an apartment building without adhering to local hotelier laws as we found these far too prevalent in some cities.

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