Want to Rent out that Spare Room? The Growing Popularity of ‘Collaborative Consumption’

Want to Rent out that Spare Room? The Growing Popularity of ‘Collaborative Consumption’ – Knowledge@Wharton

“The founders of Internet startup Airbnb were accustomed to rejection. Joe Gebbia, Brian Chesky and Nathan Blecharczyk peddled to venture capitalists their idea for using the Internet to help people rent out a room, or even a couch, to frugal travelers. All of the venture capitalists took a pass. But after receiving funding as well as mentoring from incubator Y Combinator in 2009, the startup exploded.”

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