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Peter Thiel was specifically talking about people thinking that the businesses are similar, while they're not. AirBnB has a much higher network effect, because
by xiphias2 8y ago
Peter Thiel was specifically talking about people thinking that the businesses are similar, while they're not. AirBnB has a much higher network effect, because there's a huge difference in the listings, while I don't usually care which taxi company I use.
- paulddraper 8y agoNot really. AirBnB has renters and listings. Uber has riders and drivers. As long as you have enough of the two sides, you can have a rival.
- puranjay 8y agoBut as a customer, your approach to both marketplaces is very different. With Airbnb, I'm far more discerning because a bad host can ruin a long planned vacation. With Uber, a bad driver means an uncomfortable 45 minutes. Uber can tolerate bad actors more than Airbnb
- paulddraper 8y agoThat's true, but that just means you the consumer can be more discriminating on other factors, like price.