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pbreit
on June 18, 2015
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Airbnb reportedly raising $1B at $24B valuation
Absolutely. Once you raise, you're practically praying for the economy to tank. All of your poorly funded competitors go away and everything gets way cheaper (primarily, labor).
mcintyre1994
on June 18, 2015
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Does this hold if you're selling a luxury good like holidays?
pbreit
on June 19, 2015
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I'm sure there are exceptions but very few. And not that one. A well-capitalized player could go a long way towards sewing up the entire market.
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