JoePonzi

4 ms·

1. 1.▲
   by JoePonzi 12y ago

   A huge chunk of the short term housing market is corporate. You're talking about stays of 30+ days and you need to book multiple rooms regularly with a single phone call. That's not Airbnb's sweet spot. The pricing in this ma
2. 2.▲
   by JoePonzi 12y ago

   Yes, companies grow exponentially indefinitely regardless of addressable market size. I must work for an Airbnb competitor, or a large hotel chain. Because everybody knows that astroturfing on HN is the best way to stop a company dead in it
3. 3.▲
   by JoePonzi 12y ago

   According to http://www.wsj.com/articles/SB100014240527023038021045794510... revenue in 2013 was $250m. If you assume that doubled annually and now stands at $1bn, and that Airbnb has a similar profit margin profile to
4. 4.▲
   by JoePonzi 12y ago

   I work in finance (hedge fund management) and my wife works in sales for big pharma. I've never heard any of our rich, yuppie friends say "just use Airbnb." It's more like "Where did you stay?" "The Four S
5. 5.▲
   by JoePonzi 12y ago

   > Well according to this article[1]... Be careful about headlines written by kids playing journalist. The value of the companies in YC's portfolio might be $30-$40 billion but that does not mean that the value of YC's portfolio