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Monthly Archive for September, 2011

“CouchSurfing chief says his goal is to go public” El Pais(España) Google Translation

CouchSurfing chief says his goal is to go public (Google Translation from elpais.com)

Daniel Hoffer announces he will not let annoying advertising

AirBNB.com does the same thing, but seven years earlier version and solidarity. CouchSurfing connects travelers seeking shelter in the world, even in Antarctica, with people willing to cede free. The site was created in San Francisco by Casey Fenton in 2003. Since then he has collected three million Internet users in 230 countries and borrowed couches and beds in 60,000 cities.

Around the World in 30 sofas

Private investors have pumped 5.5 million euros in the company

CouchSurfing is also a symbol of Internet collaborative Wikipedia-style: a non-profit or volunteer to write code to translate the content, is in 31 languages, which also receives donations. In 2009, for example, got $ 1.1 million (780,000 euros).

We no longer accept. CouchSurfing has changed its legal status “nonprofit” to business. It has also achieved $ 7.6 million (5.4 million) from private investors. Including Pierre Omidyar, eBay creative philanthropist, and Matt Cohler, Facebook and LinkedIn ex.

The changes have led to recriminations between the community of CouchSurfers, 28 years on average, they have managed to spend the night over his face in a strange house 3.6 million times in this time. They fear the free couch to go to hell, but rather that the database service is sold to third parties.

Daniel Hoffer, CEO of the company since January, denied in a telephone interview that the site will change their “social mission”. The problem, he argues, is that the Government of New Hampshire have been denied the status of “temporary” NGOs. “What we have asked from the beginning, since 2003.” The legal battle with including appeals, has taken seven years. “We lost. The U.S. government has tightened the conditions for non-profit company, they seek money as” jokes Hoffer.

The situation, he says, has left them broke. “Not only have we paid big bucks for lawyers, also a million dollars to the State of New Hampshire, and so we come to for funding.”

It also supports the manager of 33 years, “it is difficult to find engineers to work with us because we do not pay well.” The Bachelor of Business Administration believes that it can properly run the site “to volunteer, because people work two hours a week and no more may be required.”

His goal now is to “improve service”. For example, an “application for mobile phone,” AirBNB like that puts travelers in touch with home in apartments and private homes, and has achieved some eighty million euros of funding having grown 800% in 2010 .

Hoffer CouchSurfing does not give figures, the index 1700 Alexa ranks as the most visited Internet. “We have a lot of traffic and a lot of expenses on servers and bandwidth,” he says.

If the first step is to improve the supply, the second is “to grow. A road that will lead to the goal: go public.” As no investor money without releasing the vacuum to a return on investment, before advertising on the page added.

It will not be today or tomorrow. “We are still discussing what business model adopted for CouchSurfing. We do not want annoying ads and in any case, you must please the community. In addition, most services will remain free so that people can continue traveling around the world” , defends Hoffer.

¿Split the money among the volunteers who have written code, which have translated the site into other languages ​​or between landlords? “We are three million people in 230 countries. It would be difficult to share the money among all, if we did. The reality, however, is that we are not profitable.”

The $ 7.6 million (5.5 million) obtained from serve investors, he says, to hire the best engineers, “so that eventually the money will be returned to the community in the form of improvements.” Hoffer believes that when people understand the way the site will include undertaking “and accept”.

The site no longer accepts donations, volunteers and partners continue to be welcome. “Our social mission has not changed, although we now have company,” Hoffer insists, adding: “Part of the money paid as taxes on New Hampshire will be for a charitable initiative. Each project is eligible for $ 30,000 (21,000 euros).” It is the cultural exchange fund CouchSurfing.

IPO! and some random numbers

CouchSurfing Inc. seems to have been more transparent than ever in the past couple of weeks. But as usual, you’ll find the most accurate news elsewhere. I’m not talking about OpenCS, this miserable bunch of folks who have been clamoring in the desert for years. No I’m talking about Spain’s most respected newspaper:
The CouchSurfing Chief assures that the objective is to get CS shares traded on the stock market. IPO! IPO!

So we go from NGO to B rated to IPO!

I don’t know what to think of this except for that we’ve been missing out on some financial analysis here. So…

Some random numbers

I don’t think the valuating the company based on the number of 3 million members makes any sense, a large part of those are not active (heck, quite a few must have died by now even). So let’s do a search “Everywhere” for people with host status Yes or Maybe. Today, I get about 350.000 results.

If we assume that 7.6 million US$ have bought 10% of the company that gives a value of a bit more than 200$ per host.

With the current rate of 30.000 new signups per week and a hosting ratio of about 40% (yes+maybe) that means the company’s value is increasing with 2.4 million US$ every week.

Not bad, aye?

Well, that presumes that the new signups are as much into hosting as people who signed up 5 years ago.

Funny enough, today there were 2500 fewer potential hosts than yesterday.

And… rumors have it that over 100.000 members have deleted their profile in the first week after the announcement of going B-corporate.

CS Doin it for the Love not the Money Y’all (Yea right!)

CS is a weird old beast, especially the brainstorms. For me now, its like watching a war on the news. One that’s miles away. In a place that you know, a place where you’ve been, a place where you’ve lived. You know the faces of the people lying wounded and you feel sorry for them. Still engaged in a pointless battle, of truth over lies, that they can’t win. Especially now, but not for the reasons that most people think. Briefly they deserted, to engage in a battle they could easily win, simply by being involved and what did they do? Gave up and went back into their nuclear winter, as if everything would be ‘ok’ ‘one day’ or that it was even possible for CS to get anywhere near how you would like it to be. It can’t. CS has changed and it ain’t going backwards.

Far from it, I actually think CS is going forward in many ways for the first time in a long time and it’s not moving slowly. CSI has had an upgrade. Not one that any of us like, but i think for the vast majority of CSers who are fairly or really shallow it is a great thing. CS can become even cooler, with them and throw off the nomadic, dumpster diving traveller types, that bring it down or are just too deep or conscious, for them. CS is now a primetime show, it has some serious people involved, who know what they are doing and look like they are giving good advice. The only problem is is the direction that advice is taking them in. From what I see, they are headed for the mainstream and the boys are going to make money. Isn’t that what everyone said they would do, although New Hampshire law and even the bylaws of the incorporated company stated, that they couldn’t. Well they have and we now know how much we can rely on those laws.

A public owned entity has been transformed into a private owned entity,which is IMO was an illegal move, upon which shares have been issued and distributed between private individuals, in complete secrecy. I would say at a minimum the VC investors have taken 10%, valuing CSI at, US$76M. Where dose this value come from? The only assets CSI have is the concept in a functioning form with history, the code and the database. I doubt the code is worth anything near this, the history and brand recognition have worth as dose the database. You have been sold out. The only decisions you have to take is; are you going to appeal or take any other legal action, which i would support or not and are you going to continue to involve yourself in Casey’s get rich scheme?

It’s still a great ‘network/community of people’. People are people and i like most of em. You don’t even need an working account, its just a community of people who like to get of the couch and go somewhere, do something, meet someone, see something, eat something, learn something, hear something and dance. I don’t see CSers as an extension of CS, I see CS as an extension of CSers.

If the people in brainstorming who know the deal and give a shit, really want to put a dent in CSI they would turn their backs on cs and cs forums. Maintaining a post, nailed to the mast about why the ship is abandoned and where you can now be found BeWelcome.org.

BW still has some minor bugs, which were working on. Yes members are joining everyday, yes there is more hosting everyday, yes it needs a kick up the rear, yes you guys are needed to give it that kick and for more of us developers to pipe up and offer to contribute. http://lists.bewelcome.org/mailman/listinfo/bw-dev-discussion Either to a thorougher debugging session of the current in-house code(PHP, JS, HTML, CSS) or the rebuilding the whole site on the Drupal framework(Drupal, PHP, JS, HTML, CSS). BW is great because it works without leaders, but that is also its weakness, because many people don’t have the time or are unable to do the planning of the project, defining objectives, making sure the objectives have been met. Were working on that. If you really want to show that you are serious about non profit, openness, accountability, etc, etc, you will spend less time on a site that has proven that it is none of these things and now that it is a private limited liability corporation, never will be and more time on a site that is already all of those things beWelcome.org.

If your happy with having no option but to get used for your hosting and guesting needs, then keep on feeding CS your energies, so that Casey can become a bigger millionaire, than he now already is, even with just a 10% share or 5% or even 2.5%. Its your call!

I actually think these investors may be in it more for the social benefit than the money, but they will make money, lots of it. I think it will actually be good for CSI to have someone who knows what they are doing and can teach them how to do it. Even better for cs i don’t think they(the holy family), will learn and will get pushed aside as the ‘best thing for the corporations mission’, to get more members and so more share value, a bigger ego and longer holidays. Growing CS is all the investors need to do to make money! The original invested US$7.6M is probably already worth US$8M, so a estimated US$400k profit in a matter of weeks, not bad! The best thing they could do would be to ask for no money from the members, 10¢US verification, make everything else free or cheap, have great code cool features, even funding offline events, even implementing a fairly good safety policy and even host insurance. Member insurance i’m sure wouldn’t be a bad side line. You got to think outside the box a little to see the full picture on this one. But one things for sure, CS ain’t going to be anything like what you knew it to be. Casey has been taken off the drugs and wheeled out on the PR team, giving everyone ‘insperation’, god help them!. Yea man, I s.., I see, I see, a couch. Cool! I see someone spamming many people in a cold place. I see someone making promises they will never keep. I see a group of people who for half a decade won’t communicate with a community who are donating hundreds of thousands of dollars to them. I see a community with gold fever, ‘I say there’s gold in them there couches!’.

Each and every one of us is responsible for the future. We collectively decide what happens, we co-create a large percentage of the reality around us. Both through our words, but also and importantly through our actions. Decide today right now what future you want and act upon it. Are you going to see to it that at least one non-profit hospex site functions well and correctly, that the developers know what the community wants and make suitable plans to achieve objectives and acts upon them, that the project has sufficient developers to meet its needs, rallying round to find them, if needed. We have the technology, we have the resources, we have the mental acuity and i think after the years of making noise about it, we have a duty to get this done.

“In my opinion the only way out is a Faebook/Google Sofa application with a fair business model that will be eventually bought one day by a big company.” I wasn’t so far off the mark, only just a few weeks back

You know how you deal with trolls? Well you can do the same with websites and shitty organisations. ;)

Focus you love and insperation on BW and not your hate and frustration on CS!

A group of brainstormers were recently spotted taking a dip in the hot-tub. Really this is my idea of people still trying to effect anything on CS. Give it up guys, put up a trust foreclosure notice on the group, pack up and leave. There is only one game that i see being played now and thats ‘grab some shares if you can’. Thats a game that ‘most’ you are even further behind on.
Brainstormers taking a break in the hot-tub.

LnP

This is where your money goes

Seems that Cyril is really working on getting more members….

We Love New Couch$urfers!

New to Couch$urfing and you just signed up? And you clicked on the link that says “Continue”? Great! You are now at the page that we call the We-Trap-You-Page or also “Step 2″. This step is to verify that you really are who you say you are. Sounds good, right?

Now you see information about money and how great verification is, and a form that is for you to fill in. “Can I deal with that later maybe?” is probably what you think. But no! You can’t find the next continue button! Help! Where is the “skip this” button? How do I get out of here? I thought C$ was for free?

And what? Oh you live in Denmark? Bad for you, your suggested minimum donation is set to be $69.71 currently. And don’t you even think of paying less than that “recommended” amount because you won’t get through the form!


Ah, you live just across the border in Germany. That’s cool, you then pay $48.37 dollar less ($21.34). That’s 3 times cheaper for 5 kilometer! Hey, didn’t Casey just promise the community: “Just because we’re not a non-profit doesn’t mean we’re actually “for” profit”

Anyway. No worries. If you have no money, you can still become a member. As Casey wrote before, “The CouchSurfing features that you use today will continue to be free”. To help you further, you can apply for free verification through a verification scholarship.

But unfortunately the page doesn’t give you much information, and it still tells you that you have to pay (oh did the tech-team again release something without talking with communication dept? Where is Casey when you need him? Oh wait, he’s partying at Burning Man!)

And in despair you go to the address-bar and type: http://couchsurfing.com and pfff, it finally works.