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Despite stalled growth in China, Brazil and Russia, a wave of newly middle-class travelers from the BRICs and beyond will start visiting international destinations in the coming decades — dwarfing the numbers we’ve seen thus far.
This video does a disservice to Airbnb and other admiring founders by downplaying the work it takes to get a service like Airbnb to become used worldwide and the challenges the company still faces should it want to build a lasting business.
After Airbnb raised its latest funding megaround, the company attained a massive $10 billion valuation. But the home-sharing startup faced plenty of obstacles on its path to success, as a new video and infographic from Funders and Founders remind us.
Airbnb still has plenty of challenges ahead of it, too, which the video fails to mention. It faces regulatory hurdles in a number of places, including New York City, where it remains illegal to rent out a property for less than 29 days — a law the hotel lobby is keen to keep on the books. New data also highlights Airbnb’s high host turnover, which is surely a worrying stat for the company and its investors.
Of course, Airbnb has plenty of money and moxie to tackle those hurdles as it races toward an initial public offering.