Everyone's missing the most impressive part. 65% revenue growth in the past month. I'm not sure if some of that has to do with the particular month (I'd think more people travel in December than January, but I guess a lot of them stay with family?), but if they sustain that growth, they'll get huge fast.
1 million nights booked at Airbnb (YC W09)
31–40 of 54 posts
Re: 1 million nights booked at Airbnb (YC W09)
#32My favorite part about their Info Graphic is that is took 11 months from idea to launch. Its also interesting to see the 4 year timespan.
So often we can get frustrated by the time our ideas take to reach their goal, but its easy to forget success is hard work and rarely comes overnight.
Congrats to the Airbnb.
Re: 1 million nights booked at Airbnb (YC W09)
#33Wonder how airbnb is internationally. Leaving for a year long round the world trip w/ my wife in april and so far have found some great deals in sydney and seoul. My plan is to use airbnb exclusively. Better deals than hostels in many places. Our travel blog is www.shenventure.com if anyone is interested.
Re: 1 million nights booked at Airbnb (YC W09)
#34My favorite part about their Info Graphic is that is took 11 months from idea to launch. Its also interesting to see the 4 year timespan. So often we can get frustrated by the time our ideas take to reach their goal, but its easy to forget success is hard work and rarely comes overnight. Congrats to the Airbnb.
Not to marginalize these guy's success in any way, but being part of the winter 09 ycombinator class probably helped in a big way (right around time of their major bump)
Re: 1 million nights booked at Airbnb (YC W09)
#35[deleted]
Re: 1 million nights booked at Airbnb (YC W09)
#36Estimate of revenue to date: $50 per night * 3% * 1M = $1.5M Hmm looks like Airbnb handles the credit card transaction for the lister. If 2 out of that 3% goes to the credit card companies and banks, the adjusted revenue is $500k.
Anybody have any insight into how they handle taxation? Is it up to the homeowner to declare any income derived from their rental as taxable income, or is up to Airbnb to keep track of the tax codes for every locale they have listings for?
In their T&Cs it says the host is responsible (last I checked)
Re: 1 million nights booked at Airbnb (YC W09)
#37Estimate of revenue to date: $50 per night * 3% * 1M = $1.5M Hmm looks like Airbnb handles the credit card transaction for the lister. If 2 out of that 3% goes to the credit card companies and banks, the adjusted revenue is $500k.
Anybody have any insight into how they handle taxation? Is it up to the homeowner to declare any income derived from their rental as taxable income, or is up to Airbnb to keep track of the tax codes for every locale they have listings for?
They give you 1099's, taxed as regular income.
Re: 1 million nights booked at Airbnb (YC W09)
#38Is there some kind of unwritten rule that states any submission with (YC W*) needs to be upvoted straight away? I'm sure if the title was "Hotels.com reaches 1 billion bookings" wouldn't get the same attention. Anyways, congratulations!
Re: 1 million nights booked at Airbnb (YC W09)
#39I am a bit unnerved with airbnb, as they took something people have been doing for free(couchsurfing), and are now incentivizing people to charge money for it.
Re: 1 million nights booked at Airbnb (YC W09)
#40What about renting an apartment specifically for the purpose of putting it up on AirBnB? In San Francisco or NY this could make some money.