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> Why wouldn't air bnb end game be hotels Because many hotel chains don't even do that - they simply franchise. The end goal for many of these things is to bec
by peteretep 10y ago
> Why wouldn't air bnb end game be hotels
Because many hotel chains don't even do that - they simply franchise. The end goal for many of these things is to become a directed-fund: investors bring money (to buy property), the company adds their secret sauce and takes a significant margin.
- erichurkman 10y agoWhere "secret sauce" is mostly "the brand," which is true for most franchise models.
- peteretep 10y agoThe secret sauce is the marketplace as much as the brand.