Amazingly investors keep throwing money at companies that are engaging in potentially illegal enterprises (re: local lodging regulations). Couchsurfing is in the same vein as Airbnb and Wimdu although they claim to be more benign (“building communities” rather than focusing on transactions).
The best part of the article: “Evidently, the San Francisco-based company plans to make money at some point, but how remains unclear: Fenton said they’re going to experiment with a number of revenue models in the future to try and find one that doesn’t interfere with the user experience whatsoever.”
Translation: “We have no idea what the fuck we’re doing, but thanks for the money.”
I think it’s now clear that I should make up a fake company idea, say that it’s going to be just like XXXCo (pick any overvalued, stupid idea), take the money and then move to an exotic locale with no extradition rights. You’ll all be invited to visit. Pina coladas for everyone…on the house.