Projects that yield great results often wouldn't seem promising to a rational person. Fortunately some people have a compensating irrationality: they're so interested in the project that they'll work on it for its own sake.
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wasn't their original idea really bad and they eventually changed it? I always thought that Ycombinator bet on the team figuring out a good business model than on the idea itself.
They expanded it (originally it was just Airbeds for conferences) but the old idea was always a proper subset of the new one. Which continues to this day incidentally.
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I think the big surprise was that so many people would get on board the supplier side of Airbnb. The buy side is also kinda surprising too. For startups in general, there is much survivorship bias. YC is smart to cast a wide net.
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Why is it surprising given that Couchsurfing already existed?
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