Risky Business

Republican and Democratic Conventions Still Have Room

By Matthew Bandyk

Posted: August 20, 2008

The innovative startups that I run into often do completely different things, but what they have in common is that they take very common problems and find solutions to those problems that are obvious in retrospect. Here's a perfect example: Whenever a city hosts a large event—like, say, the Republican or Democratic nominating conventions—hotel rooms become one of the scarcest resources in that particular city.

A website launched earlier this month has a solution to free up much more lodging space: provide a platform for locals to host out-of-towners. The service also taps into its hosts' political passions by letting them donate their fees to the candidate of their choice.

According to the company, AirBed&Breakfast, hundreds of locals in St. Paul and Denver have signed up to offer their homes for the service—the company says that 50 new listings a day are popping up in Denver alone. Hmmm...Does that mean that Democrats are more hospitable than Republicans?

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Risky Business

Risky Business

Matt Bandyk, a reporter for U.S. News, explores capitalism from where it all begins, with the entrepreneur, whose risk taking and experimentation provide the roots from which the rest of the economy grows. As much courage as it takes to create one's own business, even the entrepreneur needs some help, and this blog will look at news, trends, and practical advice for starting and running a small business.

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