A number of new start-ups have likened themselves to US-based company Airbnb, the leader in travel rentals, which has booked more than 10 million nights of accommodation worldwide.
According to Paul Graham, investor and founder of Y Combinator, the best way to get a winning business idea is to not think of any. Instead, you should be looking at which problems you can solve.
Veteran racehorse trainer Bart Cummings accused the Victoria Racing Club of “pandering to the internationals” for tomorrow’s Melbourne Cup, but what of the overseas start-ups jostling for position with budding Australian business thoroughbreds?
US-based home rental service Airbnb has highlighted the growth of Australia’s tourism industry, after announcing plans to open an office in Sydney and recruit local talent to drive the brand.