Unless they made that up.
I've met them and can assure you they're a lot smarter than that.
Re:RentHop (YC S09) Video Pitch on Reuters
by falsestprophet on Friday October 02, 2009 @11:02PM
(#858447)
Um, why wouldn't they make it up?
Re:RentHop (YC S09) Video Pitch on Reuters
by abossy on Saturday October 03, 2009 @12:50AM
(#858530)
Newsflash: It IS possible for Web startups to generate revenue.
Re:RentHop (YC S09) Video Pitch on Reuters
by pgbovine on Saturday October 03, 2009 @02:36PM
(#859002)
i wouldn't call RentHop a 'web startup' ... they're a business that operates very much in the real world ... the web is simply their interface for doing meatspace business. i usually think of web startups as existing purely in cyberspace (wow that's a 90's term heh), where end-users are less likely to want to pay for services. in the real world of apartment hunters, brokers, landlords, etc., people are used to paying money immediately for goods & services.
Unless they made that up.
However, even if it's a fabricated figure (and I'm not saying that it is), they would not be the first company to lie to the press to generate some hype. I also don't believe it would be against the law, except perhaps if someone were to rely solely upon that information to make a decision about whether to invest in the company.