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The reason AirBnB was so tough to fund, at least from Fred's post, is because it represented a change in cultural norms. Investors are very resistant to ideas t
by sirspacey 9y ago
The reason AirBnB was so tough to fund, at least from Fred's post, is because it represented a change in cultural norms. Investors are very resistant to ideas that change people's behavior - particularly if the investor can't picture making that change in their own lives.
- shanev 9y agoAlso the website back then was airbedandbreakfast.com, way too long and complex of a domain. Couchsurfing was huge, and I guess investors didn't think a paid version of it would take off if a free version existed. At least that's how I thought about it when I rejected Joe's offer to work on the site in 2008.
- hn_throwaway_99 9y agoBut my point is that there was plenty of evidence at that time that lots of people were willing to rent out "non-professional" private accommodations.