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Re:Missed Approach: FAA Says Flytenow Go-around (YC S14) by tmuir on Saturday August 16, 2014 @06:30PM (#8187796)
This seems fairly straightforward, but I am not a lawyer.

The common carriage rule says a private pilot can't offer to fly people around for money. The exception to this rule is if the money is only defraying the cost of the flight.

The fact that Flytenow charges a fee for connecting pilot and passenger appears to put the system outside of the exception to the rule. The fee does not defray the cost of the flight.

Re:Missed Approach: FAA Says Flytenow Go-around (YC S14) by Guichard on Saturday August 16, 2014 @06:42PM (#8187835)
Flytenow's fee is irrelevant because the rules apply to a pilot, not a company. It's the pilot who can't receive compensation. For example, the outcome (according to the FAA) would be exactly the same whether or not a fee is charged by the company.