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After a controversial transition to a for-profit model in 2011, which brought million in funding in the past two years, growing pains have set in.
In October, layoffs claimed an estimated 40 percent of the staff, and CEO Tony Espinoza announced his departure — giving an opening to competitors like Be Welcome and Hospitality Club.
In eight months using the service, Riccardo, who is 32 and works for an ad agency, has let eight visitors crash at his apartment, of whom he’s hooked up with five, for a 62 percent “success rate.” If you count the additional two who climbed into bed with him for a cuddle and then fell asleep, the percentage climbs even higher.
(Riccardo and other Couchsurfing users quoted in this article asked to be identified by pseudonyms.) On the business front, the crowdsourced hospitality site has been experiencing a rough patch lately.
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In an email interview, the site’s interim CEO Jen Billock told Business Insider that “members are ...