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I don't think Airbnb merely found a loophole in the law, they found a way to connect small operators to large markets. The small B&B market has been around for
by pcrh 12y ago
I don't think Airbnb merely found a loophole in the law, they found a way to connect small operators to large markets. The small B&B market has been around for a long time, but individual hosts, especially if they are providing only 1 or 2 rooms, previously rarely had the ability to market their services in the way they can with Airbnb.
- larrys 12y agoAlong the lines of why corporations don't innovate consider that while traditional corporations also use money to fix legal situations or messes they have gotten themselves into, they generally wouldn't enter a market where upfront you know there will be legal problems down the road. It becomes more or less in many situations a non starter.
- bduerst 12y agoThat's true of most industries - larger corporations are risk averse and let the market acid-test the startups, which are high risk, and then the corporations acquire the startups that pose a threat. It's crazy stupid that Marriot or Hyatt have not tried to acquire Air BnB.