CouchSurfing is a hospitality and social networking service accessible via a website and mobile app. Members can use the service to arrange homestays, offer lodging and hospitality, and join events such as "Couch Crashes".
The platform is a gift economy; hosts are not allowed to charge for lodging. However, unless members have hosted in the previous 3 months or they pay an annual fee of EUR19-55, referred to as "verification", they are only able to send 10 new messages per week. Members can either directly request lodging from other members or post their travel plans publicly and receive offers from other members.
Upon creating an account, members set up an online identity, and after leaving comments on their experiences with other members, develop a reputation.
Video CouchSurfing
History
Conception (1999-2004)
Couchsurfing was conceived by computer programmer and New Hampshire native Casey Fenton in 1999, when he was 21 years old. The idea arose after Fenton found a cheap flight from Boston to Iceland but did not have lodging. Fenton hacked into a database of the University of Iceland and randomly e-mailed 1,500 students asking for a homestay. He received between 50 and 100 offers and chose to stay at the home of an Icelandic rhythm and blues singer. On the return flight to Boston, he came up with the idea to create the website. He registered the couchsurfing.com domain name on 12 June 1999.
Couchsurfing International Inc. was formed on 2 April 2003 as a nonprofit organization in the state of New Hampshire.
The website was launched on June 12, 2004 with the cooperation of Dan Hoffer, Sebastien Le Tuan, and Leonardo Silveira. The company has encouraged the celebration of "International Couchsurfing Day" every year on its June 12 anniversary.
Development of the website by volunteers (2006-2011)
From 2006 until the company raised financing in 2011, development of the website occurred mostly at events called "Couchsurfing Collectives", in which members came together to voluntarily improve the website. Collectives took place in Montreal, Vienna, New Zealand, Rotterdam, Costa Rica, Samara, Alaska, Istanbul, and Thailand. However, the collectively-coded website, which was full of software bugs, could not handle the rapid increases in traffic and crashes were common. Many members believed that the website needed to be redesigned from scratch.
In June 2006, problems with the website database resulted in much of it being irrevocably lost. Founder Casey Fenton posted online asking for help. A Couchsurfing Collective was underway in Montreal at the time and those in attendance raised $8,000 in donations and committed to recreate the website.
Change to a for-profit corporation and financing (2011)
The company applied for status as a 501(c)(3) nonprofit organization in November 2007 but was rejected by the Internal Revenue Service in early 2011. Hoffer, in charge of strategic development, then believed that non-profit status was an obstacle to innovation due to the audit and regulatory requirements and that a for-profit corporation was the best structure for the company.
The New Hampshire entity Couchsurfing International Inc. was dissolved on 4 November 2011. Its assets were sold to a for-profit Delaware corporation, also called Couchsurfing International, Inc., which was formed on 3 May 2011.
At first, the company was a certified B Corporation; however, it is no longer listed as such.
In August 2011, in conjunction with the reorganization to a for-profit corporation, the company raised $7.6 million in a first-round financing led by Benchmark Capital and Omidyar Network.
In August 2012, Couchsurfing received an additional $15 million in funding from an investor group led by General Catalyst Partners, with participation by Menlo Ventures, as well as existing investors Benchmark Capital and Omidyar Network. The additional funding brought the company's total funding raised to $22.6 million.
The company has a burn rate of $2-3 million per year. However, it has been as high as $800,000 per month.
Criticism from members of the conversion to a for-profit corporation
The conversion to a for-profit corporation was objected to by many members. Founder Casey Fenton said he received 1,500 emails in the days after announcing the conversion. Even though the founders did not receive any cash from the financing, members were opposed to the founders having a valuable ownership interest in an organization that was financed by donations and built using volunteer work. The company spent more than $10,000 on a public relations firm to educate its directors on how to respond to the press about the conversion to a for-profit entity. A 3-page letter was sent to over 1,000 volunteers.
Launch and development of mobile apps
In 2012, the company launched mobile apps for iOS and Android. In 2016, the company added a feature called "hangouts" that enables members to quickly meet with other nearby members.
Management
Since August 5, 2016, Patrick Dugan has been the CEO, CFO, and Secretary of Couchsurfing International, Inc. As of October 2017, William Francesco Deparis was the Director of Operations. Casey Fenton is no longer involved in the day-to-day operations of the company.
Co-founder Dan Hoffer served as CEO from 2011 to 2012, Tony Espinoza served as CEO from 2012 to 2013, and Jennifer Billock served as CEO from 2013 to 2015.
The board of directors of the company includes founder and Chairman Casey Fenton as well as venture capital investors Matt Cohler of Benchmark, Todor Tashev of Omidyar Technology Ventures, and Jonathan Teo of Binary Capital.
Membership statistics
In 2017, Dan Fultz, head of support and safety, stated that "Couchsurfing activity certainly dipped between the 'heyday' and today".
Maps CouchSurfing
References
External links
- Media related to CouchSurfing at Wikimedia Commons
- Official website
- See also How to use Couchsurfing, a how-to article from wikiHow
- See also How to be a great Couchsurfer, a how-to article from wikiHow
- See also How to host on Couchsurfing, a how-to article from wikiHow
- See also How to write a Couchsurfing request, a how-to article from wikiHow
Source of article : Wikipedia
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