The "Sharing" Economy: Issues Facing Platforms, Participants, and Regulators A Federal Trade Commission Workshop #00127

Submission Number:
00127
Commenter:
Nick Persico
Organization:
Smart Host
State:
New York
Initiative Name:
The "Sharing" Economy: Issues Facing Platforms, Participants, and Regulators A Federal Trade Commission Workshop
The sharing economy, specifically marketplaces like Airbnb and HomeAway, have spurred a growing ecosystem of new companies that are looking to support the guests and hosts. I'm a co-founder of one these new companies in the sharing economy ecosystem. My company is called Smart Host, and we help hosts and vacation rental managers figure out what they should charge for their apartment or home on places like Airbnb and HomeAway. One of the main reasons why our company continues to grow is because of the emerging home-sharing economy. Our customers, or hosts, have the ability to earn additional income from space that would otherwise be unoccupied. We help them optimize that income. Our business, and many others in our industry, relies on hosts and a vacation rental managers ability to continue generating that income. As a result, we've been able to grow our company and create jobs for folks looking to join our team.