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Tuesday, August 2, 2011

What you can learn from this Airbnb horror story

What you can learn from this Airbnb horror story: "Startup Airbnb has netted itself a seriously high valuation, but a user's rental-gone-wrong reminds us to take the site for what it's worth.

News of Airbnb’s impressive series of fundraising has been making the rounds, as well it should. The alternative travel site secured $112 million, boosting it to a $1.3 billion valuation. Airbnb has been one of Silicon Valley’s startup darlings, stealing attention with its plans for global expansion as well as its quick rise to the top of the online travel game."

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