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Brian Chesky and Airbnb: The $100 Billion Bad Idea

Brian Chesky and Airbnb: The $100 Billion Bad Idea

Great Business Stories vor 1 Monat

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32:08

Look, I’d be lying if I said I’d always wanted to cover Chesky
and Airbnb. I hadn’t really read much about either of them. The
business itself sounds pretty humdrum. People renting out
apartments, spare rooms. Nothing really new or exciting there.
And Chesky himself has always flown under the radar.

But each week the story I pick just depends on what catches my
fancy and last week, for whatever reason, I thought, you know
what, I know absolutely nothing about this guy. I want to dig
into it.

And what a story.

Because Chesky and his co-founders basically took one of the
crappiest business ideas — renting out airbeds on apartment
floors — and through sheer tenacity and a fantastic understanding
of how a product should work, they turned it into a $100 billion
company.

But it’s really the stories behind the company that make this so
good. Making their own cereal to clear their debts. Not knowing
what a slide deck or an angel investor was. Coming up against the
king of the clones, the dreaded Samwer brothers from Germany,
losing 80% of their business when Covid hit.

It all makes for a cracking story.

Enjoy.