Globe, an hourly home rental startup backed by Silicon Valley accelerator Y Combinator, said that it has completely reworked its business model during the pandemic-induced shelter-in-place orders across the United States.
The new model relies heavily on listings from property managers who have seen a drop in requests for rentals they’ve previously hosted on Airbnb.
Cofounder and CEO Manny Bamfo told Business Insider that the strategy and upfront technical investments paid off handsomely with a significant increase in demand.
To comply with local ordinances, Bamfo said Globe is only available for “essential” activities like job interviews or working space that falls within three blocks of a guest’s home address.
As massive tech companies like Facebook and Shopify embrace long-term remote work, Bamfo said Globe could provide a default office for digital nomads, but his startup’s model is dependent on high-density cities that many workers are fleeing.
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An hourly home rental startup is trying to make lemonade out of lemons during the coronavirus pandemic.
Globe allows its users to rent empty homes, apartments, and rooms by the hour. When it launched at Silicon Valley accelerator Y Combinator’s annual Demo Day …read more
Source:: Businessinsider – Tech