Entrepreneurial

Is Airbnb growing too fast?

– Connie Loizos is a contributor to PE Hub, a Thomson Reuters publication. This story originally appeared here. The views expressed are her own. –

Airbnb is on a tear. Three years after the San Francisco-based company began inviting real people to list for rent their homes and apartments, castles and houseboats, users have booked 1.9 million nights in more than 184 countries; bookings are growing an astonishing 40 percent month over month; and roughly 1,000 new properties are entered into its system each day.

The company is growing so fast, in fact, that it’s reportedly raising $100 million at a whopping $1 billion valuation — a mighty addition to the $8 million in capital it has previously raised from Sequoia Capital, Greylock Partners, and numerous individuals.

Unfortunately for Airbnb, all the hype has captured the attention of the Samwer brothers, who’ve famously created a number of successful clones. Indeed, just two weeks after rumors of Airbnb’s massive fund-raise surfaced, the Samwers’ months-old European clone, Wimdu, announced it raised $90 million.

Considering that the majority of Airbnb’s business comes from Europe, one might consider the development troubling. But Brian Chesky, Airbnb’s 28-year-old CEO and co-founder, said he doesn’t think that it “changes things much. We were always expecting some competition. We just have to grow as quickly as possible.”

from MediaFile:

All about the plastic: Swipely follows Blippy into social shopping

What do you get when you combine shopping and social media?

The answer, it seems, is the latest craze among tech investors.

On Tuesday, Swipely announced $7.5 million in Series A funding and the launch of a service that publishes info about person’s credit card purchases to groups of friends.

SwipelyimageThe funding was led by Index Ventures, and includes such celebrity patrons of social media as Chris Sacca, an early Twitter backer, and Ron Conway. LinkedIn co-founder Reid Hoffman, whose VC firm Greylock Partners also took part in the funding round, will join Swipely’s board as an observer.

Swipely’s windfall comes shortly after Blippy pocketed roughly $11 million in funding, according to media reports, to help it push forward with a similar type of service. Among Blippy’s backers are Sequoia Capital and Evan Williams, better known as the CEO of Twitter.

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