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Newest member of the $1 billion startup club: Airbnb. Will it be bigger than eBay?
Airbnb, a start-up that offers a marketplace for people to book vacations in other people's homes, has raised a $112 million round that values the company at $1.3 billion.
Adena DeMonte's profile photo
Bigger than eBay? Not so sure. If they can keep any negative PR events atBay then they certainly could be a huge success. They certainly will continue growing as more and more people hear about the concept and site. I'm not sure how they'll compete with copycats -- as the model becomes more popular, it will be hard to stay ahead. They'll need a solid loyalty model to keep customers on AirBnB vs shopping HomeAway and their other existing or soon-to-be existing competitors.
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