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That sounds like a bad idea from a counter-party risk perspective. But I suppose so did AirBnB.
by robzyb 11y ago
That sounds like a bad idea from a counter-party risk perspective.
But I suppose so did AirBnB.
- danieltillett 11y agoEveryone says AirBnB was a bad idea, but only the original idea was bad. Once you realise that the business is really about running illegal hotels where the risk is outsourced then it becomes a very good idea.
- robzyb 11y ago> Once you realise that the business is really about running illegal hotels where the risk is outsourced then it becomes a very good idea. No, thats exactly why I'd say it was a bad idea, because who would accept that outsourced risk?! (It turns out a lot of people did)
- danieltillett 11y agoThe original idea was for people to share their home or room to strangers. This was not a good idea, but pivoting into the illegal hotel business where the properties are continually rented was a good idea - at least until there is a major crackdown.