lot of people that want to get registered by can't i want to say if you want to ask records from airbnb they're not the only platform you can get from home away their the ones renting whole unit. >> thanks very much. >> thank you. next speaker, please. >> good morning, supervisors. i'm charley i'm representing share better san francisco first thing i'd like to say commend the planning department this is a really complexities law and nuance and is important the reason why it's important because what airbnb and short-term rentals do is commercial lists our housing that is helping our hours it is important we staff and planning department staff the resources they need and give them the tools they need we literally can't afford to lose tour short-term rentals a thorough properties excluding showing up in person and showing driver's license to make sure that bad actors are notice taking advantage this is consistent i've spent 8 hours with home sharers at the planning commission and 8 hours with the home sharers at land use commission and four at the full board of supervisors to say they can'

shack down city government their forcing a ballot measure my group inconsistency find the listing on airbnb that hosts have 17 hundred listing and many don't live in san francisco they're in europe. >> i've heard planning will not actively look at users the question why set up a registration if no penalties to comply i think that the platform should be held responsible the number of listing has gone up 15 percent and the new riektsdz people are violating the rules. >> thank you. i'll call the last 3 speaker cards i have. >> good morning. i'm mark i'm american people attorney in san francisco i have a law firm we represented tenant and i want to thank the board and planning department to be here another a critical time regarding information to know the impact the short-term rentals are having in san francisco we represent many of the tenant that have been displaced by landlord to short-term rentals can't be offered we ask what's wrong with giving someone here in san francisco the right to live we appreciate the planning department's effort in progressing the applications we know it's a daunt

neighborhood when they'll be calling planning impersonal i think you're creating a mets and it's airbnbs fault. >> thank you, sir. >> thank you. next speaker, please. >> good morning. i'm esther i'm a resident of san francisco district 4 for the last 18 years i have room in my house i decided to rent my husband has parkinson's disease at 49 the medical bills are piling up i have two small children i have to put them through college hopefully tofu for this opportunity to share my process on the process of reggie building it is now not easy or straightforward or efficient first the in person appointment is a bit old fashion leaving voicemails and waiting to be called back with only one option for date time to meet and second there are several forms that i would worry such the utility bills but can't be online to print out it makes it difficult to ask the bills online to use the paper waste there is also seems like a lack of condominium conversion like pga the tax even though some of the plans have been sent since october many of the solutions i propose arrange an online booking position fo

the planning department's policy it has to be shown i want to know how to move forward nobody at airbnban answer my questions i was given the planning department e-mail address i e-mailed in january and hadn't received a respond so last week i made a call and left a message to make an appointment to go ahead and try to navigate the process i haven't received a call back to get on appointment time so i'm just trying to find out the best way to move forward and comply legally and 23450e789 i have guest that are still making requests until the summertime i don't know what to tell them. >> thank you very much. >> thank you. next speaker, please. >> good morning and thank you for the opportunity to speak i'm kevin i'm speaking on behalf of my family we've lived in san francisco district 2 in our family home since 19989 i hope in being practical we made an appointment as quickly as possible by calling the planning department again last week and the in person appointment was made for february 3rd we received our permit about three weeks later and surprised to see this is the 14 permit it took

the bigger picture to supervisor campos point of the recognized from that m many rogers just to get airbnb platforms to coordinate is a struggle i want to put it out there for a $13 billion company to be dhaim claiming to be part certificate sharing to make that mechanism work is hypocritical i'm hoping we look at suggestions you've given about the data minding software and other efforts to solve that problem if only the platforms will participate we'll have a success that's the elephant in the room and finding the bad actors to make that work there's a lot of good website sources from the anti eviction mapping program that highlighted 2016 that we know the multiple listsers if airbnb wants to be sharing the economy and work in coordination that's the least they could do to coordinate but to force a subpoena is outrageous i appreciate many rogers lacing out the changes in the law i want to note the cap i believe in seattle and other places as one suggestion how to coop the potential number registered people and the one hundred and 59 current registrations and the 24 appointment is on 4 hun

from the anti eviction mapping program that highlighted 2016 that we know the multiple listsers if airbnb wants to be sharing the economy and work in coordination that's the least they could do to coordinate but to force a subpoena is outrageous i appreciate many rogers lacing out the changes in the law i want to note the cap i believe in seattle and other places as one suggestion how to coop the potential number registered people and the one hundred and 59 current registrations and the 24 appointment is on 4 hundred by the end of april my hope better outreach as we said and looking at the law to make the enforcement part work better the penalties are good ones as well. >> thank you supervisor mar colleagues if no other questions or comments why not open up for public comment i have a number of speaker cards when you hear your name called line up against the wall you have two minutes (calling names) last names karen p as well come on up let's get going. >> hi my name is justin i live in the mission in district 9 my partner and i have a platform for airbnb for about a year and a half we di

whereas airbnb is different.b is like this mass movement, where everyone is staying in other people's houses worldwide. jessica: we were skeptical, though. i just remember thinking, we don't really care what the idea is. these founders are awesome. we are funding them. paul: patrick collison from stripe, i have known since he was, like, 14. back when he was this high school kid in ireland, he used to email me questions about the lisp programming language, and i had no idea he was a kid. emily: now that these companies are worth multi-billions of dollars, when you look back, if they had had the opportunity, would they have sold? paul: almost everyone, if someone came along with a big enough offer at the right moment, would have taken it. we do know with drew, actually, because in the y combinator application early on, we used to ask, if someone came along and offered you money for your company right after y.c., what is the least you would take? i think drew answered $1 million. so it's really convenient for everyo

whereas airbnb is different.irbnb is like this mass movement, where everyone is staying in other people's houses worldwide. >> we were skeptical and i remember thinking we don't remember what the idea is. these founders are awesome. we are funding them. >> patrick from stripe, i have known him since he was 14. back when he was a high school kid in ireland, he used to email questions about a programming language and i had no idea he , was a kid. >> now these companies are worth multi-billions of dollars, if you look back, would they have sold? >> if someone came along with a big enough offer would have taken it. we do know with drew, actually, because in the y combinator application, we used to ask if someone came along and offered you money, what is the least you would take. drew answered $1 million. it was really convenient that no one wanted to buy dropbox early on. >> now that you have been doing this for so many years, can you identify the future dropboxes sooner than everybody else? >> we might be able to id

five percent of the company airbnb, $20 billion, more than starwood. correspondent joins us in new york. we have heard rumors of a round. raising $1 billion is unheard of, let alone a $20 billion valuation. >> i don't know if i am surprising more. >> what is it about airbnb that causes this excitement? is it another company like google or spacex or snapchat. because they are there, they can get it? or is it something particular drawing money for airbnb? >> they are generating revenue. they have delivered the world a service that is cheaper and often more fun than a hotel experience. this is a real business, and i think, here to stay. it is remarkable how different the companies are culturally given that airbnb -- it is really the company itself. so, i think at this point, investors are really throwing money at these hot startups in the valley. it shows that we have real revenue models and i think it is also a bit of the game --bit of a game. >> who was playing this game? >> at this point, this kind of valuation, this is the pre-ipo. hedge funds, privat

airbnb has more than six million users.r there's a new idea, some people say you've got to stop that or at least regulate it. >> airbnb is operating, essentially with no regulation. there has been p incidents where there's been prostitution, drug sale, drug use. john: and that has happened. hookers are home sharing, says the new york post, and there are other horror stories. orgy meth addict and so on. it's the reason why dale carlson of san francisco, a leader of the coalition of political officials, activists and hotel executives called the share better coalition wants to restrict room showering. room showering. sharing. why? there aren't that many hookers using room shares. >> no, but there are about 10000 listings for residential units in san francisco on airbnb and roomarama and 60 other web sites that cater to tours and that's a problem because we're facing the worst housing crisis in the history of the city, or at least since 1906 and the great earthquake. two of thirds of the listings on airbnb are full-time listing

it has funded 700 companies including dropbox, airbnb, and striped. behind is a couple with their own start-up story. how did they build y combinator into what it is today? joining me on the addition of "studio 1.0," husband-and-wife paul graham and jessica livingston. thank you for joining us. paul, it has been six months since you stepped down from the helm. how is it going? paul: it is so great. i wish i had done in two years before. it was hard running y combinator. i'm not really an administrator. y.c. had gotten big. i was never suited to it. emily: you would get your brain back. did you get your brain back? paul: yeah. i had, this afternoon, the best conversation i've ever had. i had lunch with patrick collison. 100% was about ambitious plans. that is like the best possible office hours. emily: how involved are you, jessica? jessica: i'm doing all of the same things i used to do. i miss working with paul but i also love working with sam. emily: he was the founder of one of your companies. people said he is not cut out to be you. paul: it is a g

the three with the highest valuations are airbnb, dropbox, and stripe.mily: did you know early on that they were going to be hits? paul: we knew the founders were good. emily: what was it about drew houston and brian chesky? what was it about them that -- paul: it was different things. jessica: yeah. paul: different things about the two of them. in drew's case, he was the guy who could write this software. dropbox suceeded by solving an airbnb is like this mass movement, where everyone is staying in other people's houses worldwide. jessica: we were skeptical, though. i just remember thinking, we don't really care what the idea is. these founders are awesome. we are funding them. paul: patrick collison from stripe, i have known since he was, like, 14. and that's why he turned down the yahoo! acquisition offer. and without having done that, he would never -- facebook wouldn't be what it is today. emily: how has the interview process evolved? paul: we first started out -- was it, 40 minutes? jessica: i think it was 40-minute interviews, and now with the 10-

or at least some of the units go to airbnb or something like that in conclusion we did put for the a proposal they do b m r on site in writing i writing and maybe support in kind of unit but that didn't pan out so deny the cu for the market mix to the market octavia plan thank you. >> hello, i'm teresa i'm from the bill housing program of veterans equality center we're here to oppose the cu of the building pretty much because it is creating more smaller unit we've as our service of helping people in helping to apply for affordable housing the smaller unit didn't help the families at all and also the ordinance with this building no affordability piece of it i know that the current legislation that was passed no affordable bill and the idea too to alleviate the affordable we see this inside of market been approached every time we ask about the smaller unit those are in plausible to the fixed income folks this housing is not benefiting so if there's affordable housing but no one we encourage to have more monitoring on family housing on this and affordability as well thank you. >> good a

. ♪ >> is airbnb really worth $20 billion?ording to people with knowledge to the matter, it gives them a billion dollar private round selling 5% of the company. it means airbnb will be worth $20 billion more than starwood's enterprise value of $16 billion. serena, we have heard rumors. raising $1 billion is amazing, let alone $20 billion valuation. >> i'm not surprised anymore. the very hot startups are raising money more often. and every time, doubling the evaluation. they doubled the valid -- look at uber. they doubled the valuation in six months. >> is it just another private company like spacex or snapchat? it there and they can get it? or is there something particular drawing money for airbnb? >> they are a business generating revenue. users worldwide use their service. this is a real business. and i think here to stay. uber had regulatory hurdles, they still have them. it's remarkable how different the two companies are culturally given that airbnb has had hurdles, but hardly any news about the company itself. i think at

you are an investor in airbnb, which has a $10 billion valuation.interest, a $5 billion valuation. how are you balancing -- making those investments and practicing what you tweet, scaling back or being careful? >> to be clear, all of our companies are the exception. [laughter] one of the reasons i said what i said is that this is the same conversation i have with all our ceo's. it is a cautionary conversation. it is not a conversation that says stop spending, have smaller goals. it says be aware. learn from history. have an appropriate sense of risk. have good discipline. airbnb is an example that is a commercial success. the business is growing fast. it will be gigantic. there are other companies where it is a little bit of a balance. the other thing i will highlight, extravagance is a little bit over the top. when you are burning $50 million a quarter as a startup, maybe not having bruno mars play at a concert. [laughter] maybe we can have regular water and not coconut water. >> we all love the coconut water. >> coconut water is a basic human righ

>> hi my name is justin i live in the mission in district 9 my partner and i have a platform for airbnbor about a year and a half we did it with the permission of the landlord and get the permission from the neighborhoods so we're very i testified in support of the home sharing law we're using b income to my partner is pursuing our education it's a rainy day fund it's helpful currently we're trying to comply with an appointment set up there's a lot of steps and unfortunately we're in a weird place we don't own a car that's part of the reason we live in san francisco but we can't have our utility bill in our name and clearly don't have the - i've got the voter registration covered our landlord is engaged with us and our neighbors are supporting us we literally can't he remember register we are losing that income and trying to comply maybe a way to simplify that process would be helpful yeah. thank you very much. >> thanks for your work. >> hello, i'm naomi i've lived in san francisco so for over 25 years in district 6 and a member of the association i love sharing my san francisco like t

you are an investor in airbnb, which has a $10 billion valuation.interest, a $5 billion valuation. how are you balancing making those investments and practicing what you tweet, scaling back or being careful? mark: to be clear, all of our companies are the exception. [laughter] just to be clear. one of the reasons i said what i said publicly is that this is the same conversation i have with all our ceo's. like i said, it is a cautionary conversation. it is not a conversation that says stop spending, have smaller goals. or anything like that. it is a conversation that says, be aware. learn from history. have an appropriate sense of risk. have good discipline. airbnb is an example that is a gigantic commercial success. the business is growing fast. it is really big. it is going to be gigantic. there are other companies where it is a little bit of a balance. the other thing i will highlight, and we harangue them about this all the time, extravagance is a little bit over the top. when you are burning $50 million a quarter as a startup, maybe not having b

key andrew greg, airbnb barbary coast consulting karen flood bay bio trust company of the west, edward day t z k broadway, llc fisher man's property llp brooding cast capital, llc and the strategy communications fritz could systems inc. phillip lessor r l braun and matt he will. >> willie brown. >> james ross long law valero consulting inc. john newman. >> thank you select one. >> just one. >> okay. >> airbnb. >> great thanks that complements our selection process. >> thank you, ms. shay and to the public for your assistance two former commissioners can't get better than that the next item on the agenda is discussion and possible action for the project calendar for various staff projects you want to talk about that one. >> yes. sxhour and commissioners and thank you deputy director at the last meeting the commission approved four proposals for staff to pursue and investigate in terms of augmenting the city campaign finance ordinance and given sort of you know the choices and sort of the amount of work involved the commission directed united states to prepare a project calendar that est

uber is right there and airbnb is right there.e in the hotel business was the biggest change -- will say the biggest change in the industry is the inventory coming online. 10,000 rooms a month are coming online from airbnb which is changing the industry. these are businesses probably profitable. they are certainly transforming the industry and growing those industries in ways they have not grown. they are not just created share. they are creating bigger markets. >> thank you, cory johnson. >> when we return just what sotheby's did not need. another activist investor launching a campaign. >> he is a thief to others. he will meet the man -- he is a hero to some and a thief to others. you will meet the man who blew the whistle on the world's biggest bank. ♪ >> lumber liquidators has begun trading. it was delayed as the company released a statement following the story that accused it of selling illegal flooring. the stock is down 24% trading below $39 a share now at $38.34. lots of volume. it already tumbled 26% last week after the c.

next speaker, please. >> hi, i'm isabel the neighborhood at the back of airbnb stash angie wouldn't say anything a number or what but you know, i i'm a nurse i love life and nature and kids and have 3 kids as well if they're going to build up and back i have a light well, now i live said but later on downstairs it is going to be impacted you know geological out everyday i'll see their side they have a lot of flowers this is how i love life i love to see their flowers and i love to do 2k3w5r7bd too come back like that and going up will cover their garden not only their garden it is their kitchen i always see them as a family they're there in the kitchen that's where the love is we're not denying that anastasia wouldn't have the extra room i hope you can help them out that the light wouldn't be covered they'll have the one room far they're for their child. >> public comment is closed. we'll take rebuttal. >> apologizes scott sanchez want to stay i stated earlier the appellant has two appointed plans there is an inconsistency in the planned on the belief are not the approved plans they're

money and staff when you see a registration when you see sorry not a registration when you see an airbnb or b rb page going out go up without a number but no address i'm not sure how you're going to enforce on those units the only way to address it is not just airbnb many others they have to self-regulate and need to kickoff members of their community not complying on the law or require you put your address on this so the planning department can find you and is you need to register with the planning department and second the hosted and non-hosted issue i've talked about in no matter how many staff members we give you how can you determine how many nights out of the year all the legislation was important i'm glad it's in mass and a lot of good things went into it i'm concerned about the planning department ability to enforce good and positive short-term rental behavior the kind we hear at public comment when we haven't given you the tools i hope we continue it work through this as a legislative level that we can be able to solve this problem as a team i want to thank the planning departme

palo alto has hundreds of airbnb listings, with issues of parking and safety and taxes discussed. san francisco started registering short-term rentals last month but homeowners complain it is not user friendly. >> a peninsula community will have a chance to weigh in on a proposal to install license plate readers. according to the the journal the city is consider buying license plate readers that can speed up criminal investigations we. critics say there are privacy concern of hour data is stored and accessed. the issue and up for public comment tonight. >> three days after donating a kidney zoa walked out of california pacific medical center in san francisco. she and the 11 other kidney donors and recipients are doing well. she has an extra reason to feel good about the chain of events she put in motion. katie marzullo has the story. >> the decision has been bigger than me. >> she wanted to donate a kidney for years and started the process to help a trend. that donation did not work out. but she was unwaivering in her desire to help someone. >> i went on to give it to the next per

you are an investor in airbnb, which has a $10 billion valuation. pinterest, a $5 billion valuation. how are you balancing making those investments and practicing what you tweet, scaling back or being careful? >> to be clear, all of our companies are the exception. [laughter] just to be clear. one of the reasons i said what i said publicly is that this is the same conversation i have with all our ceo's. like i said, it is a cautionary conversation. it is not a conversation that says stop spending, have smaller goals. or anything like that. it is a conversation that says, be aware. [laughter] >> they all have coconut water now. >> we all love the coconut water. coconut water is a basic human right in san francisco. [laughter] maybe the masseuse can come in on just wednesdays and fridays, maybe not five days a week. it has gotten to be a bit much. there is a high correlation between building a fancy headquarters and falling off the cliff and collapsing as a business. the alternate model is the amazon model, the jeff bezos model. if you want a desk, it

from the anti eviction mapping program that highlighted 2016 that we know the multiple listsers if airbnbts to be sharing the economy and work in coordination that's the least they could do to coordinate but to force a subpoena is outrageous i appreciate many rogers lacing out the changes in the law i want to note the cap i believe in seattle and other places as one suggestion how to coop the potential number

a san francisco woman was facing 400 percent rent increase is facing a huge backlash for hosting airbnb guests. according to the "san francisco chronicle" deb follingstad rented out her home after failing to find a long term roommate. she roasted off of rent controlled property. follingstad's represent jumped to $8,900 a month and she said she cannot afford it and is preparing to move. the landlord, nadia lama, said the building was registered as a built family home so it no longer falls unrent control. >> a senator will introduce a bill to make it easier positive cities to collect taxes from homeowners would republican out homes on sites like airbnb. home sharing companies have to make regular reports about which homes in their area are remembering rooms. companies have to make reports on the duration of the short-term rentals and how were they are collecting. >> we are getting our first look at plans of the warriors' arena in mission bay that are posted on the blog give us an upclose look at the entrances and he show a food hall which the developers called "very conceptual." and devel

according to the con -- newspaper, a memo was circulated saying airbnbs are not required to give the city the names of those renting out their hopes and if you do not know who is doing it you cannot enforce it. >> the palo alto city council will try today again whether to put a cap open new office develop president. opponents say a lid on developments will not ease the traffic and packing problems and could also cause a loss of retail. the city council member who favor the cap say it is a critical step to solve problems and a way to correct the job, housing imbalance with a loss of jobs ask not at the love housing. >> city council passed an ordinance to ban congestion of retail to office. >> we have scattered showers overnight. are they still with us? >> just a little. yes. a light shower here or this. right now, not one if san francisco where we are in the mid-to-upper 50s 56 in the ferry building and 55 across the golden gate bridge and 54 in the financial district. we have upper 40s around american canyon, healdsburg and belmont and pleasanton and inelse in the low-to-mid 50s so w

bob: i want to see jack's home on beer be -- on airbnb.ewly formed online tv channel for apple will not include mbc after falling out with comcast. they sell out, but can you have an online tv service without nbc and all its programs? olivia: not when the olympics comes on. betty: what about my real housewives? bob: are we moving to a model where you can get nbc for a month and then drop it? hbo for a month and then drop it. in my household, mad men is coming back in april, so do we need amc all year long or just when madmen is on? betty: what i find interesting about the bundle is it looks a lot like your cable bill. of all of this was supposed to be cheaper. we thought we were going to a more À la carte mode. olivia: we are going back to a bundle's now we have to sign up for multiple bundles. betty: still working out the money. procter & gamble set to explore potential sale or ideal of its beauty brand which accounts for over 20% of the company's revenue. will this move help eng revenue soar to new heights? will find out next. ♪ betty: w

number five airbnb's growing warchest.ny is set to raise funds that would value it at $20 billion or more to it would join the ranks of the highest ranked companies like spacex, uber, and snapchat. what does that mean for the guys who invest? if you are a venture capitalist and you invest the $20 billion valuation, white? bo: let's get one thing straight, it is not really the venture capitalists. t. rowe price has one, there was a bunch of them out there. they are doing these late stage deals. they have made money before. facebook and twitter did this stuff. and it worked. there are situations where they haven't made money. there is one that nobody knows about anymore because it went out of business that raised money at these high prices and it didn't work out. what i love about this is that it allows the big swing companies, the companies that are trying to disrupt an entire industry, to stay private while they work out their business model before public investors are exposed to these securities. i think it is a really go

airbnb set to be making plans to value the company at $20 billion. sources say airbnb may bring about a billion dollars in the latest round of funding. it raised $700 million previously. htc moving beyond smartphones. the company planning to release a headset later this year. the device follows the release of an action camera the development of a fitness band. more to come on this edition of "asia edge." >> a new smartphone challenge against apple. china cuts rates as the government tries to tackle the slow down. reaction from that when we returned to "asia edge." >> let's take a look at some of the stories making headlines. >> greece wants more talks on its debt repayments, but insists it will not renege on what it owes to the imf. the government faces $7.5 billion to the ecb this summer. they pledged a series of government reforms that must be finalized by april. greece will not be given any more money until those reforms are accepted by their creditors. >> we will prioritize, we will not be the first country not to meet our obligations to the imf.

it is the airbnb for dogs. details coming next. who let those dogs out? who? this is "bloomberg west." time for the bwest byte. the number is 25 million, how much money raised by rover. they are the airbnb for dogs. here is the ceo with some friends. >> this is ginger and henry. cory: can you read the teleprompter? are these dogs typical of your customers? >> absolutely. we have dogs of all sizes but labs and golden retrievers are always popular. cory: how does rover work? >> you type in your address and come up with a list of dog lovers in your neighborhood that will care for your dog while you are traveling. cory: it's like finding a babysitter. what is the uptake? >> this is a market that has grown really fast. 65% of our customers are people who have otherwise never used a commercial service for dogs sitting before. there is a natural newness for people that they get over quickly. we become their primary go to service for their travel. we have quintupled year-over-year. this interface has about double. cory: you are seeing more uptake of the actual sintter

you cannot do that in an airbnb apartment.er and all of the technologies changing the way people are traveling. this is where we see the next five or 10 years. josh:-- alix: where are you staying in new york? josh: at the pod hotel. small rooms and good design. there trying to unlock value for the customers to spend on different areas. they want to spend a hundred $50 on a hotel, go up to the bar the club, a great show, or concert. matt: when a generator is in new york it will be also a great place to hang out? josh: we are looking at north america. downtown los angeles, new york d.c.. there is a lot of blue ocean out there for us. alix: thank you so much. it was good talking to you. josh wise white, the chief generations operator at generator hostel. in france, stunning revelations about the crash of the germanwings airbus. the 28-year-old copilot lot the pilot out of the cockpit and deliberately flew the plane into the mountain. andreas lubitz did not have any terrorist training and started his career in 2013. his family sai

airbnb raised $700 million previously last year led by tpg capital management, gave airbnb a value of. if it does manage to raise $20 billion this time, it would join the ranks of the most highly valued u.s. companies like space x, uber and snap chat. it lets users rent out a room, whole property or just a sofa. it charges fees for each transaction. >> in hong kong, larger down payments are needed for properties valued up to 900,000 usd. homebuyers can only borrow 60% of the purchase price. that goes for commercial, industrial properties as well, such as car parks. in announcing these measures, though, the head of the hong kong monetary authority did say it will affect first-time buyers. hong kong home prices doubled in the past five years spurred by lower mortgage rates and money flowing in from china. >> looking ahead on the show, a look at the indian budget. why some are calling it a missed opportunity. live to mumbai in a little over a half-hour. coming up next, look at the growing concerns in china that made the pboc act a second time in just three months. this is "trending busin