I don't believe that's a fair comparison, but you're entitled to your opinion.
I believe Airbnb definitely has a headstart in the placesharing space, and preventing rentals in SFBA, NY, etc wouldn't cause a significant dent in their valuation (two cents).
Their model works so long as the local jurisdiction supports it.
It's possible we're talking past each other. I think Abnb should take responsibility for making sure it operates lawfully in SF and NYC (and elsewhere where it is encumbered by regs), but I think the model is a good one.
as long as the local authorities support it... and as long as "Dateline" doesn't run a special on the AirBNB killer...
Sure, they have a head start, but the various problems haven't been fleshed out nor resolved. And, there is going to be a very active resistance from many sectors (for good reason).
I might be wrong, and not to rain on parades and such, but I just don't see that valuation level reflecting reality at all.
I believe Airbnb definitely has a headstart in the placesharing space, and preventing rentals in SFBA, NY, etc wouldn't cause a significant dent in their valuation (two cents).
Their model works so long as the local jurisdiction supports it.