Air BnB Exec on regulation and the future of crowdsourcing

This interview with Air BnB’s Chip Conley has some interesting insights for crowdsource sites. Here are some of his insights:
On government involvement:

For Airbnb, we’ve needed to engage our hosts and guests to have a voice in how legislators look at regulating short-term rentals. In many places including San Jose and San Francisco, this type of citizen advocacy has led to new laws that allow homesharing. The key is to be vocal with your local elected representatives as many of these legislators have no idea how much support there is for the sharing economy.

On how companies can be successful:

For a sharing economy company to have a chance of succeeding, there needs to be the potential for a sizable marketplace utilizing slack resources that people previously hadn’t valued and the existing set of competitors need to be ripe for disruption by the fact that they’re not providing a great value proposition.

On why hotels shouldn’t be afraid of Air BnB:

For example, for every $1 spent with Airbnb, only 5 cents of it is coming from what would have gone to hotels.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s