35 Burst results for "Airbnb"
Zendaya says she refused to have her first kiss on camera while making 'Shake It Up'
"First real kiss and says and told british vogue that her first kiss was supposed to be on camera years ago she was asked to lock lips with her shake co star but she said. I'm not going to do this. I'm going to kiss him on the cheek. Because i haven't been kissed yet so i don't want the kids to be on camera. It's ok okay. I think that that's
Tulum, Mexico - New Home for the Digital Nomad?
"Won't places. I always loved the travel mexico. Amazing food amazing. People like so many fun things to do and so today. We're talking about a city. That from what i've heard it's primarily like a playground for the rich and famous. It's called to mexico. I've i've always wanted to learn about it and so it's awesome to be able to have you on the show. No i'm really excited about two may be the other side it to learn that you haven't heard as much about okay right on. So what's your connection to the city so during the whole time. I figured out that. I wanted to go and and move in and try somewhere different worker motley so we looked at places that we were able to really dive deeper into experience the culture but also. I'm a big nature guy and we want to be able to go to the beaches and go to snow taes and get out to the forest and stuff and and to really fit the bill for all of that. It has really everything you would want when you go to place vacation but also if you're looking to go longer term consistently have things to do day in day out and so like when you're working remotely obviously you know. I have a lot of friends. That are like kinda digital nomads. And everything else like that was the there are strong internet connection for you throughout your time while you're there or was it like setup for you'd be able to do that remote work i mean it's incredible out there to be completely honest. It's it's built for people that really want to go out there and actually start building a life out there. There's condos constantly popping up but for the most part restaurants on the beach cafes on the beach and then we had an airbnb that we were able to really improve the internet at and they're really focused on that stuff. You look at airbnb. You look at hotels. A lot of them will will actually include what their internet speed is to make. Sure that you're able to work remotely from there. It's definitely big priority for them. That's also even like when i travel. I'm always like working whether it's on the podcast on my blog or whatever so I love having that high speed internet. No it's crazy. Honestly like i had a lot of friends that would go down to beach clubs for the day and they sit there pay thirty bucks for a beach chair with food and drinks and they work from there the entire day. And it's a really cheap way to be able to get the internet. You need if you're going for a week and you just wanna be able to experience the culture and experience the environment while you're out there as well
Airbnb Opens up Housing for 20,000 Afghan Refugees Globally
"BMB is offering free housing the twenty thousand Afghan refugees globally anti seeking more assistance from hosts who rent property from the home sharing company in a tweet Airbnb CEO Brian Chesky writes the displacement and resettlement of Afghan refugees in the U. S. and elsewhere is one of the biggest humanitarian crises of our time we feel a responsibility to step up Airbnb has a history of making free shelter to those in need food at BMB doubled since twenty twelve the company has house tens of thousands caught up in crises it'll help that at B. and B. operates in approximately one hundred thousand cities in almost every country and region across the world I'm Charles the last month
Product Manager Becomes Professional Dungeons and Dragons Host
"Devonshire like makes his living helping people battle. Monsters cast powerful spells embark on fantastical adventures and even slay the occasional dragon. He hasn't been cast as the new lead in a netflix series. He's a game master. You see deb is a huge fan of tabletop role. Playing games like dungeons and dragons. He's been playing them on an opera most of his life. And if you're not familiar with the concept. These games are a little like board games just about the board when players roll the dice. They moved the narrative forward and have to cooperate with other players to get towards the end goal. A game usually last two to three hours. With an average of four to six players games. masters like devin are one part storyteller. One part game referee. They make sure. The game moves along as chipped in his case devon got into it as a way to unwind from his busy job as a product manager. He quickly found. He had a skill for it and he wasn't the only one who noticed soon he was being asked to. Host games for other players wanted an experienced games master at the helm as his weeknights began to fill up with more and more exciting. Adventures devon began to ask himself the all important question. Would people pay for this. After nearly two years of hosting games he made his move with a budget of one hundred dollars. He made a simple website with a booking for him. He settled on prices. Have between twenty five dollars and forty five dollars per person. Depending on the demands of the game it was enough to justify his time but also keep the games accessible to players and when the site was ready to go he shared it on forums. It turned out lots of people were open to the idea of paying for a professional games master to run their games in fact demand was so high that within just a few months devon was earning two thousand dollars a month from hosting them
Three Travel Savings Tips Before and During Stay
"This week's personal finance topic is about three travel tips. That can save you money during a trip as well as understanding what a trip can cost you before you leave now. We just traveled for the first time in several months and to admit we were a bit rusty. But here's what. I was reminded of number one when reserving a rental car if you want to save some money considered choosing a low cost vehicle oftentimes when you arrive. You can upgrade for a small cost or your vehicle may not be available. And you can upgrade for no charge number two when booking a hotel fisher to understand the service charges and other fees as for taxes. We stayed in a state that had zero tax rate however we paid fifteen percent on top of our room charges and number three when it comes to food if you stay in a home through. Vr b. o. Or an airbnb or get a kitchenette in a hotel. You can cut down costs by eating leftovers from dining out or buy snacks and fruit or self serve items at does become an inconvenience to go to a restaurant every time you are hungry so these are just a few of the many travel tips that can provide convenience and put a few more bucks in your pocket.
Short Term Rentals and Airbnb
"Recently i was scrolling through tick talk in the algorithms. We're working their magic. And they brought me to this video of this guy that was explaining how him and his wife made like seventy thousand dollars in one month pretty much. Almost one hundred percent passively from real estate investments. And when i heard this i was like. That's really cool like that's awesome. That's a lot of money but real estate investing. There's no way i'm anywhere near that. I mean i'm twenty four years old. I don't even own my own home to live in but that's cool. That's awesome for him. Maybe that's something that i'll get into one day. I know that. Recently i listened to episode five hundred of build your tribe were. My parents talked about real estate. Investments as a stream of income that they have and i was like cool. Maybe one day. When i'm in my late thirties. When i'm in my forties like that's a route. That i could go down but this video popped up on my tick talk for you page in it kind of sparked my interest so i was like all right. Let's see what else this guy has. Let's learn a little bit more about him. His name was michael dante and he posts tick toxin youtube videos mostly primarily around this idea of investing in real estate but his specific niche isn't commercial real estate or even rental properties but short term rental properties. And really even specifically within that niche. His expertise is an airbnb rental properties. Now if you have no idea what airbnb is airbnb short for air bed and breakfast his basically an app where you can rent out your home a portion of your home your guest home. You can basically rent out your space for people to come stam. I can tell you that myself personally. I almost exclusively stay in airbnb. He's i think of the last. Maybe fifteen trips. I've gone on fourteen of them. I stayed in an airbnb. And one time i stayed in a hotel. Airbnb is really increasing. Its popularity and this is in no way an advertisement for airbnb. But i think a lot of people recognize that for just about the same or maybe even a little bit less of a price. You can actually get a lot more with airbnb.
Florida Governor Ron DeSantis Says Unilever, Ben & Jerry's Better Watch Out
"BDs movement Um and Unilever and Ben and Jerry's, for God's sakes, who eats that crap anyway? But I'm just moving on. So anyway, they've taken a very, very anti ice America move against the state of Israel, and, uh You have a law in your state? You've triggered it. There's a process that you're going through and you were saying something else. So Florida did it. Texas has done some similar in New York and 33 of the four biggest states of the country, and we all have pretty big pension plans. And since then Unilever's lost a lot and their stock price. And so Ben and Jerry's only represents a real small portion of the company. But for whatever reason, when they acquired Ben and Jerry's, they let them have their own kind of Social awareness Committee that makes these decisions. So Ben and Jerry's made the This decision, and they had the right to do it under the way the corporation structure, but it's really bad for Unilever. So I think they're going to have to do something to reel this in because it's just totally unacceptable, and it's going to hurt the company, the large the parent company with with with what they're doing, but it's totally ridiculous and we're going to bite back and I'll tell you we did this early in my tenure as governor against Airbnb. They tried something similar. We did it, we bit back. An Airbnb changed their tune. So I think Unilever is going to have to change their tune very shortly.
Feds Urge Rental Websites to Warn of Elevator Dangers
"A federal safety agencies warning of the danger that could be lurking when people rent vacation homes that are equipped with elevators the consumer product safety commission's urging vacation rental websites like Airbnb and vrbo to require that hosts log home elevators until they can prove they've been inspected it follows the death of a child this month at a beach house in north Carolina's Outer Banks the seven year old boy from Ohio became trapped between a home elevator car and the shaft the commission's acting chairman wants the rental companies to act immediately and to warn customers of the potential danger I'm Jackie Quinn
Internet Outage That Took Down Major Websites Seems to Be Fixed
"Airbnb. Two major airlines went down midday Thursday. The outage was linked to a content delivery network on the East Coast. The sites weren't down for long. But it's the third major Internet outage to strike big websites in the last few months, and Twitter reported
Bringing the Metrics Layer to the Masses With Transform
"So nick. can you start by introducing yourself. Yeah thanks for having me tobias. I'm a big fan of the show. So i am the co founder and ceo transformed and remember how you first got involved in data management. Yes so for me. Originally studied math and then joined blackrock out of college and so i was working on a bunch of different technologies that i think now would be considered legacy tooling but learned a lot about just how black rock was using various macroeconomic data sets to build models into analysis on some of their portfolios. And so from there kind of progressed towards wanting to do things in kind of more modern tooling insys started exploring different opportunities and moved over to airbnb in twenty fourteen originally as the data scientists and this was kind of a golden era of airbnb is data team there was a bunch of investment in tooling like airflow and super set the experimentation platform the knowledge repo just a bunch of great tools. And so you know kind of progressed from there
Interview With Content Creator, Jeffrey Henderson
"All right so tell us who you are. And what. You do so jeffrey allen. Hindi cinema creative based in harlem new york Team about ten. We take one. Everything from product design to content creation has the european knowing so far. Ooh the years actually ran pretty good. We actually had a nice growth year not in terms of state business. Businesses always been pretty standard even when we went through the trials and tribulations that code. But i think i broaden young folks for the first time and made it official last year so we had some growing pains in terms of people just learning how to be creative in like sort of corporate settings knock corporate setting so that was very new to a lot of us and having agency. Don't like that this year has been. I think an extension of that banana. Everything's opening when the team is definitely more seasons. Surround more exciting because of things i know we can take off so it's been pretty good. I mean i'm i'm pretty sure. People listening can hear the birds in the background. Sounds like you're like some ideal spot right now which is good which is good. I think after the year no no no after after the year. I think all of us have had a little bit of mother. Nature's is gladly. Welcome at this point. Do you have any plans for the summer with agency. Oh this summer where what. We're trying to get back together jordan. I guess january of this year. We had pretty much all tin folks in harlem essentially about five of them stadium. We have a studio here an apartment that we actually ran out airbnb but when we don't it's actually our studio so everybody was sort of working together and that was i. Guess when the world was still kinda close saw. We're gonna try to do a little bit of data again since we can't really travel to the places we need to travel at work on. We're gonna just come back. York settled down in light. He grow
Compassionate Leadership: A Conversation with Ania Smith, CEO of TaskRabbit
"So you've thought a lot about this two sided marketplace about uber airbnb. Now at task rabbit. Tell us a little bit about your challenge at task rabbit right now coming in as ceo. You started how many months were way into the pandemic. We are about six seven months into the pandemic you. It's your first time being a ceo of a major company. Tell us what that was like. How did you think about starting your role building. Trust all while working remotely with a remote team while honestly it's a bit scary. It's a bit overwhelming. It was my first job as a ceo. And i knew that. I wouldn't be able to meet anyone in person. I mean. we were in depth of the pandemic nominee extroverts. So generally i. I love energy of people. I love meeting people on asking questions and getting to know them in even though you can do that over. Zoom it's as we all have learned over the past year and a half. It's really not quite the same. I did think a lot about trust. And what it means to build trust remotely and a lot of that would came down to is transparency and communication and being really upfront and direct with people and so the first part of that is going on a listening tour so we at the time had about two hundred fifty employees or so and i met with every single person one on one to sue here about what is important to them. What are they thinking about. Why are there concerns. What are they happy about. Who is their husband or their wife or you know. How many kids do they have. And it was really nice. I always think about culture as garden. Sort of let it go still grow but you may not quite love everything that is growing out there on. Sometimes there are some weeds. Any your tend to it. You gotta just be thoughtful about what that means and so another thing that i started doing almost immediately because i couldn't see people in person every monday. I record a video for about five or so minutes. Just letting folks know what i'm thinking about. What's important coming up for this week. What our numbers are looking like. What are some awesome wins that we had. What are some things. That maybe have not been working. And i really. We see a lot of strong positive feedback. So i think that that's been good. I'm especially as we can't see each other. Don't know each other as well as we would
Ancient Siberian Cave Hosted Neanderthals, Denisovans, and Modern Humans
"As Diet Denisova. Apparently hosted everybody. It's like been a an Airbnb for All kinds of different eras. Denisova ins as they call them, it looks like Neanderthals. Modern humans, Denisova ins all at the same time, well, maybe because one of the things they said among the eight human fossils, they said, are the pinky and three bones from Neanderthals. Even even One from a child with one Neanderthal parent and one den, a Sovann parent, so maybe they were mixing breeds in there. The cave also contains sophisticated stone tools and jewelry at higher later levels, but no modern human fossils have been found there. That that at least gives them the idea. They said. Of course, eight fossils isn't much to go on. But they lay in the civil graduated. The Max Plank Institute for Evolutionary Anthropology teamed up with Russian researchers to figure out what the DNA was within those bone samples and to see if there was any present in the soils of what they say is a three chamber cave. They found jewelry. In some of the
Facebook Opens up Live Audio Rooms
"Has officially jumped into the audio space. The social media giant rolling out a suite of live audio rooms in podcasts. On monday as my colleague. Jessica mentored reported earlier today. You can read her story on tech dot usa today dot com interesting thing about this. Is it gives facebook a platform in a new space that has seen a big surge of interest which follows the rise of audio. Only social apps like clubhouse. If you're not familiar with clubhouse it is a social app when you open it you'll see a variety of different audio focus chat room so you're not reading anything it's just everyone's having different conversations and you can pop in and listen And a lot of the people that are there that host these chats from all walks of life a lot of its intact you'll see them in other fields as well and they'll discuss certain topics and you can hop in and listen anytime clubhouses drawn more than ten million users in its amassed evaluation upwards of a billion dollars so it's up there with companies like uber and airbnb now of course because audio chats and clubhouse have become so popular a lot of other tech companies trying to get in on it which is why we see facebook in there also twitter and spotify have released own versions of clubhouse that they wanna roll out to their users. Well the way it will work right now and facebook's and is only public figures and select facebook groups in the us can create live audio rooms on ios and then over time they will expand this ability for more public figures in groups to host their own audio
Airbnb and Vrbo Teaming up to Shut Down Repeat Party House Offenders
"Repeat House party offenders Beware rental marketplaces Airbnb in verbose or launching the community Integrity program. It's designed to make sure information on removed listings shared. It also aims to ensure those who consistently hold parties and rentals are punished. Both companies admitted raucous House parties are a challenge that's ever present
Tiny Houses on the Water With Bonnie Vanasse
"Hello ethan thanks for being here This interview i feel like has been in the works for maybe years. Your hard to pin down. And i don't have very good phone reception at most locations. Yes you're actually. We're we're catching you in the airport. Because i guess better cell reception there. So i i really appreciate it and i want to jump right in. There is a video tour of your houseboat. The river dan that has been viewed over three point eight million times. I just want to start -gratulations on that. I would like to say. Congratulations to exploring alternatives on that. That matt danielle did an awesome job on the video and they have a great following of people so really kudos to those guys they have brought so much publicity about. it's awesome. Yeah that that they have been. They've actually. I'll link to interview that i did with them on this show a couple years ago. Now but yeah i agree. They are wonderful. People and their their youtube channel exploring. Alternatives is just a wealth of tiny house inspiration how has how has that affected. Has that affected you like having being that public or being out there so much on the internet. And i'm sure that a lot of bookings have come through people seeing the video but also because of our successor airbnb. Which kind of i guess. I'm not sure if it's really from the video. I'm sure it definitely helps But i think the video has been a lot around the world and not so much like people coming to visit this area of canada. But i think it's inspired a lot of people so that i'm really happy about. Yeah i mean as somebody who lives very close to a body of water You know i'm in vermont. Very near lake champlain. When i first saw the video i was like i want to build a house. Boat and put it on lake champlain. Four and then. I found out that it wasn't that easy to do here. From a legal perspective and also lake freezes and so you know it would be a seasonal thing but enough about me. So i'm curious you know but just just a little side actually. My boats are forced season. They stay frozen in the ice. They're built special floaters that that can handle the The impact of the ice and that are actually built for it.
How to Make Money on Airbnb Without Owning Property
"Have john in julian joining us today. And we're going to get to hear both of their back before we dive into some real detail about airbnb awesomeness and let's start with john and john. Why exactly did you quit buying real estate instead. Billy business without owning property. What's the deal with that. Well it down to a couple of very important things where let's talk about cash flow and just being able to generate that cash. Well of course you know the old way to go in and buy multifamily and you know rented out in possibly make four to five hundred dollars a door if you're lucky and go about it that way while i found something Short term rentals specifically. That allowed me to go out and still do the same thing with the same property. But i can also accelerated by going out and still renting other people's properties in then calling in somewhere around fifteen hundred two thousand dollars a door out for that same apartment and then i would have great tenants right. I'm not looking at those tenants. That are just gonna kinda mess up the place and they're not their long term. The place stays absolutely great. It was the best thing that i found in. i could. I connect what. I would do it flipping a home if i had forty thousand dollars. Let's just say that was four units for units Four thousand dollars generated a month. I couldn't do that with a regular multifamily or rents or anything that way. This willing to stop fire
Many Americans Will Be Traveling This Summer
"Up at 7 40 from ABC News Tech TRENDS Millions are expected to travel this Memorial Day weekend is coronavirus restrictions loosen across much of the country. Brian Chesky, CEO of Airbnb, he says. After more than a year of lockdown measures, Americans are eager to travel again. What we're seeing in travel is the biggest travel rebound not just in years since I've been doing this, but probably the biggest travel rebound in nearly a century, so people are clearly ready to travel around the world and certainly around the country, he says. A big trend they're seeing on the platform is desire for more flexible travel. People are basically booking. Like all summer, so they're not just looking Memorial Day. They're saying they're flexible. People aren't just going to the same few cities. Obviously they're going to the popular destinations, but they're also going to small towns and rural communities. But Airbnb a space criticism for its numerous fees, which some say are too costly. I'd say that you know, we're pretty transparent about the fees on Airbnb. We rank the very best deals, and it will be the top of the list of tech
"airbnb" Discussed on Acquired
"And we're happy to help you out if if finances are a constraint lastly if you weren't subscribed and you like what you hear you should and if you liked this episode and you have a friend that you want to send it to perhaps an airbnb host star guest or fan of the company or bear or bull or any type of ant farm animal you you've been looking to get your parents airbnb or into acquired and you're like what episode can i send my parents. That really would get them into it. This is a great one. The oprah was great for me to share with my grandma. This is another great one. That i think a lot of people will will understand so. Consider this your opportunity to share the gift of acquired this holiday season. I can't even get a holiday joy happening here. No kidding everyone have a wonderful christmas hanukkah new year's Whatever it is that you celebrate Time with or without family or perhaps with with folks on zoom and we will see you next year. Yeah although we're going to. Have you have a special a special little holiday presents for you coming next year. Let's get him to come next year next week. Yeah let's let's not announce it it's outside the bounds of of us officials season here. But we're excited to get this one in your piece of at the end of the year to some holiday fun. Yep all right on that note. Thanks so much everyone we will. We'll see we'll see you soon..
"airbnb" Discussed on Acquired
"It's a very leaky bucket funnel and there's very reasonable rationale for this where you know. Most people go on vacation a year or so unless airbnb is getting one hundred percent of your spend. You're not going to be able to do that. But you look at doordash. Which we covered yesterday were every cohort spends fifty percent more than the year before as time goes on ned of churn like the revenue of that cohort goes up fifty s an airbnb in year two drops to thirty something percent and then you know. Hopefully they are able to get back up to fifty percent but they at least so far. From what the data we've seen it's their cohorts. Do not get more valuable over time. So it makes it so that you have a lot less of a cushion when you decide to deploy performance marketing dollars to To grow when that's the case my last one out of the next one is about reviews so they've gotten very far like we've we've extolled the system over and over again to build this trust based network but they still have a crazy amount of host consistency and quality issues. Like the thing that's holding the marketplace back is that you have to hunt through listing like crazy to through several listings to find somewhere decent You have to scroll deep into each listening to do. I don't actually look forward to browsing airbnb to find somewhere to stay. Because it's becoming more and more of a chore and they've tried it with plus but plus ended up being pretty meaningless just like super host Which i think is kind of like the airbnb equivalent of winning the participation award like. Hey you're super host you book you. You know to people. That didn't give terrible reviews. Congratulations so i. I think that the company relied heavily on like reviews will save us for everything but hasn't been a silver bullet in making it easy enjoy. The most reviews are meaningless Yeah there are some that are helpful and it hasn't been the hammer that's salt that's solved every nail of giving you confidence when you're looking for a place to book to book it. One thing that i wanted to call out. That wasn't in the s. One that i think could be pretty damning and i really would like to know the numbers is host. Churn like they don't really talk about revenue for for hosts. But i really do think it's getting worse and worse to become a host overtime As the company does is subsidizing less and less things with investment dollars is thinking less and less like a startup is trying to be more profitable I think that that's gonna. That's gonna be an issue for them term to yeah. I'd.
"airbnb" Discussed on Acquired
"This is where they're very different booking turn that in the five billion dollars of pure raw net income profit that's owned by the business and its shareholders and you shou so having to spend a lot more performance marketing than airbnb. Totally right like they're cutting you know. Six seven eight billion dollar check to google every year and they're still able to generate five billion dollars in net income very different businesses. I think actually. I don't know for sure that this booking number factors out flights it may include it may include flights in there but the point to make here is like fights are kind of a silly thing to include in because they don't really generate any real revenue On those are the revenues made on all the commissions are made on hotels anyway two very different businesses one that lost the better part of a billion at one that made five billion and the one that made five billion took two and a half x. The scale to do that. And so it'll be very interesting to see with airbnb as they get to a bookings type scale are they also able to generate the sort of profit that booking does. I think that's what's so alarming about the past. Few years of financials airbnb is like they're increasing their scale. Even though that growth rate is slowing. But they're not getting more either. They're increasing their expenses faster than they're increasing their gross profit scale. yup all right playbook playbook playbook as if you wanted to start airbnb what playbook would you run to do it. of course. no one can do that because no one can tell apart. Two thousand eight and have a unique and original idea but if you want to draw parallels and apply them in your business. What would the playbook be my very first one is the unbelievable. Never skip over this fact that they have created an incredible amount of value for hosts infor guests over the years like create no-brainer value for everyone in the ecosystem and really good. Things are gonna happen to you and see. Some people can only go on vacations that they otherwise couldn't afford as a host Some people can make their rent or mortgage that they couldn't afford these are like big meaningful life changing things that this company's existence enabled millions and millions of people to do around the world and there's people that can weather job losses negative life events. I can't say enough about how much value they created. And how much that makes people want to root for your company and put up with a lot over the years and obviously comes with a lot of responsibility as people become dependent on on you but also to hold on that for now and just leave it at like create value for people and amazing things happen one hundred percent the way i like to think about this. I think this is kind of the same idea is like can you expand the efficient frontier of market deficient renteria pricing quality. So if you think of a little hole. Ola graph of like a pricing quality and price goes up on the y axis. Quality goes up on the x axis and in any given market. There's you know an efficient frontier. Along that curve. Like as i pay more money i get more equality and there's some curve to and so if you can do something that expands out that curve so that like four get more quality for less money for any given price i get more more quality all the way. Exactly exactly or even maybe. It's only a portion of that but like for some area of the graph you have..
"airbnb" Discussed on Acquired
"And i think the ones that they notably don't have are cornered resource or switching costs like for consumer. It's very easy to to to switch as long as there's another economy and this is related to cornered resource. You would think they're hosts would be the corner resource but for a host. That's actually very easy to become uncovered and go on multiple of these systems. And i think that's going to be a thing that we see increase more and more over time. I think to some extent the rating and review. History some lock in there but less not that much less than it used to be like in the early days when this was a new concept and people are like. I really need a lot of trust here to make this work. I think it was more powerful. But now like i don't know it's fun. One thing that i want to do here. And it's not exactly power but it's sort of like a business model feature that i wanna talk about is the different types of marketplaces like and what could take rates. You can command with each one and I've heard it described where something like uber is marketplace assign versus something like airbnb as marketplace assist where marketplace assign because all of the supply is completely homogeneous a effectively the same experience. You don't care as the demand which one gets assigned to you so you just wanted to be close in as long as it meets that criteria great and when that is the case the business can command a higher take rate they they get to control more of the economics for something like airbnb eyebrows and i you know they assist me to browse but i pick the specific house and boom. I've booked it and in the mind of the consumer the real merchant. When i'm getting a newburgh feels lincoln's uber. But the merchant. When you're on airbnb feels like it's the host and then just helping me with that transaction and they you know they obviously have fees on both sides they charge the es more than the host but you know they have fees on both sides. They're they're trying desperately to get more and more of the the take rate but ultimately they're never going to get to that thirty plus percent that you see in like ridesharing where there's you know people feel like they're buying from the company when really they're just facilitating you to buy from the provider. Yup agree. I don't have an opinion on whether that's good or bad or anything but i just think it's interesting too as we do more of these marketplaces to sort of understand. Why can each command different take rates. Yep all right. Well let's move onto what would have happened otherwise. And because i don't think it's that interesting to guess what happened. Otherwise airbnb didn't ipo. I think we should run. A counterfactual that compares airbnb to booking which is a very different business booking doesn't have this sort of one of his number five acquisition of all time. Yeah i mean my gosh. Forget they were in called priceline at one point signed buying booking was just unbelievable acquisition and you're currently We did hold that it was booking in amsterdam and was the london company. They book they bought two companies took the booking name but the other was in london. I can't recall anyway. Yeah but while these are two very different businesses one to oversimplify booking helps you find a hotel or flights airbnb helps you find an airbnb which i think even in the nomenclature there you can kinda see the difference where booking doesn't really they didn't invent their supply. They didn't sort of cultivate that supply they win and forged the right types of deals in order to get them to list on their platform. But it's actually very interesting. I just to look at a simplified income statement of both companies..
"airbnb" Discussed on Acquired
"And i got totally deleted much like super hosts like what does that even mean anymore. Nothing so i i. It just feels to me like the personality. That company is one where they're really proud of their ideas and they want to make something their way and their first idea worked really really really really well. And i don't think any of these other ideas are sort of being tested with rigor only thing i can think of i was thinking about. He said the only thing i can think of that was a non original idea other also pretty early in the company's life that i think they executed on incredibly well was instant book. I think that was. I think that was over a year into the company that they innovated on instant book one hundred percent and they deserve all the credit for that i mean. I think the innovations of instant book payment through the platform messaging through the platform and their review system is like that is together. They create the symphony that enabled this product to provide tons of value on both sides. But it's all but really instant book that that's part of the initial product like. That's not that's not a subsequent thing. So i think the other i debated whether to talk about this empower but i think i think makes more sense in narrative maybe leading into power for a bear case on the companies. We're talking about the bulk. You gotta believe that they're gonna keep penetrating part of this huge. Tam and you probably have to believe that. These prices that corona virus has shifted the winds in here be mp's favor yep and to a certain extent. I think it probably has. But i think it's also exposed a structural weakness for the company. Which is if you think about like zooming out. You mentioned amazon like an analogy here. Airbnb is not amazon. They are much much much. More like ebay and ebay has been on a similar pathway enormous tam global network effect torrid growth for many years but then is slowed and has now. It's the i don't know what their growth is. Well they could find. There's still a good decent size company and whatnot. But you don't talk about him as part of the thing we don't talk about. It was partly amazon but what happened. It's not like ecommerce and there's only peer. Peer ecommerce has gone away. And in fact it's continued to grow but ebay is not captured. What happened is you've had specialized. Vertical vertical is marketplace. Is that have come in and taken away what ebay was doing. And then and those individual verticals. So i'm thinking about companies like goat. I'm thinking about companies like riverbed and music. They're a bunch of them out there like you. Nima niche interest of buying and selling something. There's vertical is marketplace out. There that is either either has or is in the process of offloading that market from ebay. Now with airbnb. You're actually starting to see the same thing happen now. How much this will happen. And how deep airbnb smoke goes and how big their their core market is. I think it's still a question but hip camp is out there hip camp. His is in the process of offloading camping. Tape experiences from airbnb. Hard to get to like the tiny green homes are detached or anything from there. You can see how they start outdoorsy out there is doing the same thing for. Rv's airbnb or your book an rv on outdoorsy with dedicated feature specific stuff. That people care about how a community. And so i think this is the big question ray. Like okay colonel. Virus has change. Let's assume it has changed. People travel preferences how much of that is gonna stay on airbnb versus..
"airbnb" Discussed on Acquired
"Will that brand affinity keep up or while people start comparing their options or in fact being willing to book an airbnb like listing from booking and this is This is a good case to talk about our own. Experiences hosts too. Because i think probably yeah argument against that in a big lock in would be as a host. If you say you know. I'm not willing to do that. I get more value being on airbnb. I'm not willing to multi home. That would provide some lock in. But i don't know how how are. How are we feeling at least as host. I'll tell you. I'm someone that this year has put my airbnb also on vr. Oh there's a huge pain to actually do that because the product is like imagine taking airbnb product and then just like making like thirty to fifty percent worse in every product experience of being host on vr. But once you have it up like it's up and have to figure out how you're gonna block nights on different calendars. But like i was never saw that multi home than i am now and i know lots of other people who are the same way it's an opportunity to maximize maximize revenue minimize vacancy and there are ways to manage it. Well and for me. We haven't multi homed yet but the only reason we haven't is that we have listed our house really at all except like one week this year but if we were traveling more i think we absolutely would and biggest reasons for me are what there's what you said but i think also just a price aspect that i do think the pricing algorithms on airbnb are biased to fill rates maximizing percent. I was going to save this for later in the show. But i got a diatribe ready about like to fully go on it. But the incentives are misaligned between airbnb and their hosts for features like smart pricing. Like it's smart pricing for airbnb airbnb wants to maximize exactly what you're saying. Nights booked and total revenue..
"airbnb" Discussed on Acquired
"In this house. And i. I remember this moment in time. It shifting from a value of a price based value proposition to an inexperienced base value proposition. Yup same deal for me. And what's interesting is actually didn't go back and look i should've but anecdotally i think for for us in our travel there was a period of time certainly when we were younger and more price sensitive. Where all of our travel wasn't airbnb like we weren't standing any hotels and then during that period of time you're talking about it was like well you know when we go for like a weekend depend on the trip whether we would do airbnb or hotels like sometimes we go living in seattle. We're living jenny in seattle. We come down to the bay area me. We go up to to see your family. Maybe up to snow meyer napa. Sometimes we'd stayed in airbnb. Sometimes we'd stay in a hotel but then yes the prices started equalizing. Like you know these nice. There's some really nice hotels me. we're gonna stay hotel right. And i think the thing that's that sort of becomes true as people consider airbnb one of their options. Yup totally did not that we stopped doing it at all and for group trips you to get a family together. Go into a place where there isn't great hotel inventory fantastic use case but you fast forward to today we've talked about. We've talked about experiences. Places is gone. The trips concept has gone on. It's now refocused much more on on stays so the next year. In two thousand seventeen the company tells investors that they're planning to ipo within twelve months and but then at the beginning of twenty eighteen they had hired back in two thousand fifteen a big name cfo lawrence tussey who had been cfo of blackstone and the ceo of merrill lynch before coming out to san francisco and joining airbnb. He leaves the company so that puts the po in jeopardy and. Brian publishes a blog post when when he leaves saying that airbnb has an infinite time horizon and is focused on being twenty second century. Company that is like some interesting shade. Not i'm not sure what it means to be a twenty second century company but definitely means they're not going public anytime soon. Which i think was the message. Brian likely didn't appreciate any of the pushback or guidance. He was getting around. I don't know ipo readiness or whatever whatever the opinions were of this show and other finance leaders who would come in afterwards. Yep indeed so you know that starts off a whole cycle of speculation in the press internally externally about when is going public will they go public what valuation what is happening Because of course they had raised all this money from an. There's it's hard to have an infant in time horizon when you have investors with fund lifecycles. I texted david like a month. And a half ago. I was like airbnb. Ipo before the end of the year. And you're like okay. I've heard this before we've heard it before we've heard it before. But they actually do so. We'll get into the league the story of this happening and why it's happening now so the reality that we've talked about this kind of linked to three acts like they're so many of our stories here you know there was to be the first act here of airbnb crazy thing almost didn't happen but it was a great idea gets into. Icu grows and grows. And then we've now gone through the second act of like the growth is still happening..
"airbnb" Discussed on Acquired
"For all the things you would want to do. So it's like yelp it's open table it's meet up everything you would want to do in your city where you live or a city where you're visiting all within the airbnb experience so that was places and and all of it lived altogether and trips so within trips you had aggregated your your stays your experiences and your places all the stuff you did and it didn't launch but they talked about adding car rentals. Two trips talked about adding grocery delivery. Two trips talked about adding flights. And maybe even airlines. Someday to drips they even had a flight booking product in the works until march of this year. Oh i didn't know that that was canceled. Things with corona virus interesting. So yeah i mean. I think the thing was like look all these. Were maybe not bad ideas. But i'm not sure they made a ton of sense within airbnb and i think the disconnect is looking back for me watching that video was i think brian and the company really believed like airbnb was about to talk about it. So much at this conference about belonging about feeling home when your travel about the connections in the community between hosts and guests and i think undoubtedly there are people that use airbnb that love meeting strangers on the platform. I'm not sure that it's most of the people who use airbnb though. Yeah i think there's a recurring theme that seems to happen kind of from this point forward in the business which is brian and management feeling. Very aspirational about. Why people want to use airbnb particularly around community particular on belonging and people again generalizing. Use it in a much more transactional way than that they are logically weighing this option to stay here versus other options and i just think that that disconnect becomes more and more apparent over time and if you go back to like what was one of the original probably the biggest wine how that made airbnb work. It was the financial crisis it was. Yeah you know. It's nice to stay in an apartment. I really want to go to san francisco for one hundred bucks a night or eighty bucks a night now. Two thousand bucks at night interesting around the twenty fourteen ish timeframe. I remember my narrative of why i loved using airbnb shifting where i used to tell people. It's great. I can stay cheaper than i was like. Actually it's not really cheaper anymore. But like gosh hotels are so sterile and staying in an airbnb while it's probably the same price maybe more expensive hard as hell can access neighborhoods. I otherwise never would have been able to access. I have a unique can cooler experience staying.
"airbnb" Discussed on Acquired
"I get it but it is absolutely emblematic of the fact that the flywheel is spinning and it was spitting off cash the twenty four teen Become normal but they unveiled the below. The design mark of airbnb logo the below depending on. Like your your version of the test looks like marine outlook like some genitalia. That anyway it's now the mark. Yeah which is. I love the old airbnb logo like i know. So good cursive. Sure script then also twenty fourteen. They start doing. The annual conference for hosts called airbnb open brought on twenty thirteen as i think. Head of hospitality named chip conley. Who chip was the founder and proprietor of dishwater. Vive hotel which of these super high end. Boutique hotels all around the world and the types of kinda grew type guy so at the a- at the conference he he says this is in the book he says he's quoted as saying that he's predicting that airbnb could win the nobel pri peace prize within the decade. Wow okay okay that all right never heard of a start up winning nobel peace prize but okay. Alfred's get resent us for this. But here's a quote about all this in upstarts to bratty says well growth covers a lot of sins and the growth of this company was spectacular So also the next. I think you you sum that up so well though in saying this exactly as an entrepreneur as an investor as an offer like this is exactly the type of business you want to start. That just goes on. Its own and that you don't have to keep pushing the rock uphill and once you have that the lesson is do not rest on your laurels. Stay in that. You have to keep figuring out what's next earliest. Maybe don't say you're going to win the nobel peace prize. I dunno a anyway. So in two thousand fifteen expedia by home away the only really viable product wise competitor out there in the market for just under four billion dollars. There's some headlines of like expedia humble way. They're going to compete with airbnb note. This is surrender. This is basically admitting that there's no viable competitor out there in twenty fifteen. The company airbnb does almost a billion dollars in net revenue..
"airbnb" Discussed on Acquired
"This is very much a traditional venture round the round is over twenty five percent of the company so the post money valuation on their end for the total round is six hundred fifteen thousand dollars two point. Four million dollar post money valuation nozoe sequoia gets twenty four and three eighths of a percent in ownership and company and the angel collective of keith gel added kevin get one quarter percent of the company for their thirty thousand dollars and that i think is the last big dilutive round the company. Whatever do is that right. Yeah everything from here on out. It was shocking. A was seven point. Two million. i think at of sixty ish. Sixty or seventy million dollar valuations roughly ten ish percent delusion and the percentage. The company sold only went down from there. Despite the fact that the dollars got very very large. Dutt's that is that is accurate so they finally have back to the. They finally have a little bit of money. So this is david. I can't believe it could you. Maybe even back then it was a different era. Like i said it was it was. It was a different situation. That's a quick capital. Sure knows how to get their ownership pay. Do they do the rating much. Larger checks these days to get that ownership so even with the small amount of money though member. Nate's background neat. Basically goes to work and this is this is his time to shine so i the thing that they do which doesn't require any money people probably heard about the craigslist hacking. So i didn't realize know the thing that i always thought that airbnb did with craigslist hacking. Was going to listings on the site and saying. Hey why don't you come list these on listings on hop on craigslist and emailing them getting around craig's list email blocking and say. Why don't you come list these properties on airbnb. So the other thing that they did was actually the reverse which was for people who were listing of creating listings on airbnb. They actually also auto published encouraged them to auto published those listings back to craigslist. And so you think well why would you wanna do pat. You're taking your own supply. And you're you're putting your own you're encouraging you're on supply. Action happens through them. That's a way to get sat. And exactly and it was with traffic yet exactly and i think this was probably both of these key but that second piece was especially key. Because how do you get the demand. How do you get traffic. i can go. You can go hand to hand combat convince people to put listings on the say. But how do you get them bookings. Well you put it on craigslist. Get bookings through there. And then you nato you capture those bookings and you don't let them go back to craigslist. You say hey you got the you did this thing. You had this great trip. Why don't you book your next trip with airbnb right. I mean craigslist captures very little of the value that they create so effectively. What they did here say there's value being created on craigslist working. Be the way to capture it so so that was craigslist and then the other thing they do a to as is especially given his history as well is google. Facebook cads ads and this was early days of facebook ads. that we're talking two thousand nine. The platform existed. You could do it but you could. You could target by interest so what they do is when they want to grow demand they run google ad words for place to stay in san francisco place to stay in paris place to stay in new york..
"airbnb" Discussed on Acquired
"Bunch of cash and giving it to your host is pretty awkward and the very reason why people stopped taking cabs and used uber instead because it was a cashless experience. I mean one of the many reasons but exactly exactly so things start to work now. Meanwhile macadear remember is the sequoias liaison with y c. investor vic- he's at weiss yvonne to and he's talking with pg and they're talking about this idea of grit and how being default alive and scrap scraping through things. Really koya they believe that. That's one of the most important characteristics of entrepreneurship as well. And so marcus. Pt will. hey who who in. This batch is most likely this and pd. Says that's easy. That's the airbnb. So over there love it. Love it to maccanico's over he starts talking to them and he's smitten as well and this kind of crazy. I mean sequoia head just done if you remember back to this time. This is beginning two thousand nine. The r.i.p good times sequoia memo two thousand. The leaked memo had just happened a couple of months before the world is is falling apart and koya partnership and esta valley's thinking about triaging their own portfolios like the idea that you give a bunch of money to some crazy kids who are like building a platform for people to sleep on other people's air beds and couches. It's out there. It feels far removed from the reality of the moment so to greg's eternal credit though he sees the potential and he had looked at home away and and Be oh and the vacation rentals pace before and he says like no. I think these guys are doing something different. And of course we'll get into this a little bit more as we go but a consequence of the financial crisis and our peak times and everything that was going on in the world at this point in time was hey it was also a housing crisis and people were having a really hard time paying their in paying their mortgages can kicked out of their houses and this was potentially a way for people to make some extra money and prevent that from happening likewise people still wanted to travel didn't have the same kind of disposable income to do it and this was a way to do it much cheaper. You could go to south by southwest for you. Could go to a conference in san francisco for eighty bucks a hundred bucks a night instead of being priced out of the market yet so interesting like to timing place so much of a role in the success of these companies and you know this there was so much innovation here the an all the different ways that will get into around payments and reviews and trust and all that it could have succeeded in anytime but boy did. They have the wind at their back from the secular trends..
"airbnb" Discussed on Acquired
"But before that yankee made about a million dollars in put himself through harvard and much more pretty amazing so in other words like only is he a harvard trained computer scientist who knows how to code and develop can stand up. You know internet products all on his own. He knows how to market online. So this is a pretty potent combination here. They were smart to rope back in. So the jevon on these ideas thinking about the roommate taking turns out. Roommates dot com already exists. Couple months. go by it's january. Two thousand. they're out of other ideas. So joe and brian decide. Maybe we'll dust off this air bed and breakfast thing give it another go to pitch it to me. They actually hasn't pitched neat until january on working with them on this. It was it was just this thing. So this is like attempt number two at starting airbnb attempt number two. Yeah and so. The idea is south by south. West is coming up. March and people are starting to make their bookings for going to austin and lots of people from san francisco. Go go to go to austin and still not this year we were supposed to go to a live show there this year but maybe next year and as anybody who's been to south by austin knows once when these festivals happen whether it's austin city limits are south by. You can't get a hotel room like it's thousand bucks two thousand bucks a night. First time i went in twenty ten. I couldn't get a hotel room and i booked in airbnb. Yeah i think. I think every time i've gone i've done an airbnb. I've never stayed in hotel for something. I felt like this is. This is where we're gonna want. It's going to be big. They go on craigslist and say okay like who's hosting rooms and who's who's in the looking section looking for rooms they start pitching everybody on using air bed and breakfast dot com. They get huge success. They get to actual bookings like to like one more than one for the festival and one hundred percent growth rate over their previous attempts. Xactly one hundred percent growth rate. What are those bookings bracken. So they have only one still only have one nine founder booking brands shows up and this is just as like we talk about how the internet back in the day was like twelve people. Well it turns out in the mid two thousand and it was. it was still only twelve. People assume brian shows up and he's hanging out there and he meets up at joe's suggested with another one of joe's former roommates. Just look i named michael. Sable no way guy named michael civil of course of justin dot tv fame which would become twitch twitch and then we currently would become an is currently the ceo of y combinator so at the time. They're running justin tv some money there. You know a known startup in the valley which we've covered on our twitch as craziest story is similarly. Crazy story is here and airbnb and civil says. Hey i can. i can help you. Brian lake lake any of these guys. He knows joe these three roommates. I can help you find some angel. Investors to make no idea involvement here..
"airbnb" Discussed on Rocketship.fm
"I have my then from. There are loads of different virtual experiences. Virtual escape rooms trivia nights. Even brunch with drag queens. And i it. I haven't partaken in any of these quite yet but they look like a lot of fun and it is my wife's birthday coming up and this feels like a totally doable date. Night experience for us. Maybe if we can manage to stay awake after the kids go to sleep stuff to do. Sometimes i gotta admit but anyway these. Ipo talks actually back on. It's rumored that the valuation could be as much as thirty billion. Maybe even more that may not be what valuation would have been pre covid. But it's definitely nothing to take lightly. No look this product journey for airbnb. It's not over although some might have thought that the end was in march But now they find themselves at a bit of a crossroads. Nobody knows what the next few months holds for the world. But brian chaska can tell you that he and the rest of his team aren't about to take anything for granted it. Let's close this episode with this last clip from the the who finance segment and it's going to put it in perspective. Listen when we started airbnb. We started a three bedroom apartment. The name of the company was called air bed-and-breakfasts because it wasn't a bed and breakfast. We were literally leading airbeds. The reason i'm telling you that is because nobody thought it was a good idea to give three guys money that had inflatable mattress company renting if mattress base in so because of that we have learned to be really scrappy and we have to learn to get a lot done without a lot of money and that was in a roots and then something happened we got successful and they were raised billions of dollars in like every company that gets successful racist. Billions of dollars. You know you start new things because you can and it gets easy to seize your day yes than it does to say. No and i think that what the crisis did is that made us like look back and say like we can't do everything we used to but that also that has the benefit of us focusing on what makes truly special airbnb started its rise with the laser focus and it sounds like they know they'll need that same laser focused a persevered through twenty twenty and beyond and my bet is that they harnessed that focus and come out even stronger. Thanks so much for listening to rocketship that f. m. rocketship. fm now has a premium ad. Free feed all you have to do is go to glow dot com forward slash rocket ship and subscribe and help support show in the gives you an ad free experience to actually get an exclusive fees. You can listen to on. I tunes or wherever you listen to your podcasts. Yeah and rocketship. Fm is produced in partnership with product. Line which is a community for software product product collective is also the home of industry. The product conference industry personal workshops and one of the largest slack groups for products people anywhere and were also on the pod. Glummer it so huge. Thanks to pod lama. You can listen. To all the pod garments shows at the pot. Laminant dot com. We'll see you next week rocket ship..
"airbnb" Discussed on Reset
"So Brian Chessy AIRBNB CEO recently said in an interview with Cara Swisher that his company has been slow to implement strong verification education policies. We think that we're making up for lost time. And if I could have done over again I would've done a lot more sooner. I think that's one of the lessons here. Is that you know when you grow really fast. You sometimes fall behind and I think the lesson of all of us is. We've been a little either wishful in our thinking or naive in not being imagined enough about how the platform could be used in ways. We didn't intend it. We have to use more of imagination and we have to be bolder. And I think that's kind of a head. Fake honestly like part of the whole philosophy of becoming platform and you know airbnb is if not the largest just one of the largest platforms for home sharing renting your your place in. The world is expanding as fast as possible and that means just getting people to sign up in a a list of their houses or apartments or whatever and I think by design those verifications and checks in the process are not going to be built in from the beginning just because you have to have what's called liquidity on the platform you have to give people as much selection as possible. And I think the way that technologist view it is some subsection of our properties are always going to be false or at least not properly vetted and and that's the sort of percentage that our platform form is willing to deal with in order to make this To make this work in the long run so I would argue that. It's kind of a built by design that way initially and then later on once you get to a big enough scale than they could say. Oh we're going to start doing the proper due diligence to make everyone safe and happy so in some ways these policies that would be designed to keep people safe to make sure that there's a very low percentage of scams on the platform because friction. Right these stop people from signing up there a barrier to entry an companies like AIRBNB. Don't really like that one hundred percent. I think that all all of these in a very interchangeable you know what airbnb might have said you know we could have had better vetting policies upfront. But that's the same as Uber which has gone through this process of background checks for drivers and and making it harder for people to sign up for the platform if they didn't have identity if you're verification but that'll comes later once they get to the scale that they are you know early on Uber was just Kinda taking as many bodies whether as writers are drivers offers on the platform as possible. Just as AIRBNB was trying to do and then I think honestly. They're like software corollaries to this to. You could look at Youtube in its earliest earliest days. All they wanted was just getting as much video content on the platform as possible to grow and that included copyrighted material and sort of ripped off or was called free booted material from other networks. And and that's just I think that's just the nature of being a platform. You have to get big before you can police a your content and then you know I would also argue that at the same time it kind of becomes impossible to properly police it once you get that big so it's kind of a catch twenty two. What is it? What about that culture that these companies respond only after something bad happens and a reporter writes about it is the Silicon Valley thing? Yeah this is why I take all of these You know were very concerned statements with a real grain of salt because everyone who's building these platforms knows exactly what they're doing and sort of by design. This is how it was meant to scale and I mean I think it's fair to argue that you don't know exactly how the platforms are going to be exploited because you know criminals or thieves thieves or whatever are very creative and we're finding new ways that you know let's say facebook is being manipulated every day and it's hard to really predict how your platform is going to be used but but that said I think there's an acceptable amount of risk built into building any of these things in the first place. It's really about getting getting scale. Oh and doing that as quickly as possible before some other competitor be to it. I feel like this is the thing that we just understand about these companies that they want to get as big as possible and as quickly as possible. Why is it so important for these companies to reach scale? Yeah I mean in part There's the advantage Israel. What's called a network effect? Which means like the bigger you get the more your platform sort of reinforces its own entrenched? You know incumbency. Or you're the dominant enforce basically exactly. Yeah and so. It's I mean that's facebook facebook greatly benefit from that More more people that use it the more people are going to continue using it basically weekly over time and so part of that is maybe the the nature of of the the business itself and then I can't imagine most of the folks in Silicon Valley wanting to be defined with a small modest and sustainable business that isn't growing by one hundred or two hundred percent every other quarter. I think it's just about changing the world old world domination. And you know I think for maybe the past fifteen or twenty years. That was a lauded approach to how we look at. CEO's and now I think that sort review is becoming questioned as as as tech is in for this reckoning right. Now it's interesting because I think that for a lot of people listening to my question they would just go well money obviously clearly. It's it's it's not just money right. It's more than that yeah. I think I'm always like hesitant to to put all this this stuff on money just because a lot of the guys and again it's mostly guys that are running these companies. A lot of the guys out here have money right. They're they're set for life Zuckerberg isn't doing it for the money. He has more money than we'll ever be able to spend. You know it's about conquest. It's about history. It's about making ones mark on the world. Or IF YOU WANNA go Steve Jobs as the dent in the universe thing and and really. It's about ego a lot of this too and so I am hesitant to say you know these businesses only care about money because I thank you know while it's obvious that money is a factor. It's not the thing that really drives them at the end of the day. It's about maintaining power and beating your competitor's so that you can you don't have to worry about being usurped or becoming you know irrelevant at some point right in order to do that. You say I'm okay with with. Let's say I'm going to throw a number out here for three percent of listings being fraudulent and be damned the customers that that's that's that's just their problem. Yeah yeah it might be hard to to hold the platforms two hundred percent standard of keeping everything pristine or whatever but that said like they also know. I know what they're getting into when they're building as quickly as possible without proper verification. So you have to sort of at least at some point. Come in and be like look. You need to forget worrying about a growth at all costs and start protecting people on your platform especially when it's having real world intentionally life threatening consequences. Uh.
"airbnb" Discussed on Listen Money Matters
"Traditional tenant, I guess, versus an Airbnb hasn't even really crossed your mind or or has. Yeah. I don't. I don't prefer that. I mean so with Airbnb, you get paid up front. There's no chasing anybody for the rent. With. Yeah. Victims can be a scary scary thing. I've never had to do that. Yeah. So like those kinds of things maybe go like Lou don't wanna do any of that. I'm not writing leases, you know, like it's and it's not like you put an ad on Craigslist. And then you've got a field all these calls, and all these people that want to look at it. And they like it is, like, no, they book it the money's there. The come yet. But then once they're in it's the same people times. But a lot of people you never hear from. Sure. And they stay the came and stayed in his over, you know. Yeah. All right. Cool. Listen. I wanted to break, you know, mindless, you have more questions. Andrew, you're looking at me like Lenti. All right. We have a whole nother half. Yeah. Yeah. Okay. Because there's a whole another side of this that we haven't even really talked about yet. But we need to take a break. And when we come back, we're going to talk about making money on Airbnb properties that you do not own because that's a whole nother thing, which I think, is really cool. So we'll be right back. And we're back. Casting works spinning fingers. And it's does you spend your fingers and magic happen. So let's talk about managing other people's properties open p if they call that, right? That's right. You do this, this is not. So you not what I what I find interesting because I know other people who are property owned properties, not Airbnb specifically, but they own those properties. And that's like fulltime job like yeah. Four who six properties, you know what I mean? You, you manage those six but then you manage other people's properties. How does that not get out of control? Yeah. Automation is a short answer. So there's so much software. Now that has been built as soon as every and be became popular all these companies around decided. Oh my gosh. How can we like stuck into this energy, and like try to make money on the side? And so there's so many companies for automated messages or just property management software pricing software. I mean, it's endless really all kinds of services, you can have for gas..
"airbnb" Discussed on This Unmillennial Life
"Differences and saying an Airbnb, I think for me personally for business travel, especially when I want to rule out a lot of the uncertainties that may cause me to sleep less soundly or just have an unfamiliar setup. That may break my routine, I will tell you. I am a person who craves and loves routine, then Airbnb might may not always be the best choice for me in those instances. I also think the same thing holds true for the entire booking process. While I knowledge Deanna is the one that did the booking and the NF you're listening. I'm so appreciative of the time and effort, you put into making this trip, very very special the process of reading reviews and trying to search out and find the exact right place. For me at times, probably wouldn't be my first choice, and that's really because for me finding somewhere that is very predictable and very standard is and that I can book very quickly is more important for me personally than that element of surprise in that element of somewhat of adventure to see something new and to walk in to someone's home and kind of think about life from their standpoint. I really think that there's something to that. For a lot of people. I'm probably not that person. But I think it's a great alternatives and a new way to just make travel a little bit more special indifferent for lots of different people. But I think for those of you all who are apprehensive about giving it a try for security or safety reasons. Obviously there are no guarantees with a hotel or with an Airbnb, but I certainly didn't feel like even a has apprehensive as I was about driving up in the middle of the night. I didn't have major concerns about. My safety. I was admittedly with the French. I don't think I would have stayed in that particular cottage had I been alone, traveling as two people think Airbnb was definitely the best option. One additional note before we wrap up this episode of this Molyneaux lives. Deanna pointed out to me this morning as we were pulling away from the cottage at one thing. People need to understand about Airbnb is that it's very similar to for instance, e bay or Uber in that not only are you able to give a rating for your host home. They are able to give a rating for you. And I think that's really important to know. I don't know about you. But sometimes when I'm in a hotel, I don't necessarily keep it as toddy as I probably would if I were in my own home. I have been on the other end of renting out a home to people, and you do as the homeowner really respect when people come into your home and treat it as good as they would their own. So do keep that in mind that with these disrupters services like eight. Airbnb and Uber that are really changing the face of transportation hospitality that in many ways. What it does is somewhat democratize is the system, maybe that's not the right terminology. But it at least gives you the option to provide feedback in a two way fashion, and that brings you to the end of the play by play we're gonna take one more quick break. And when we come back, I'm going to feature a couple of different messages I've received from listeners of the show talking about what makes them so a millennial..
"airbnb" Discussed on Software Engineering Daily
"So this particular team had lots of web resources in not enough mobile resources to actually build out what they needed to before launch in. So that became this sort of pivotal moment for reactive because that team in particular just decided to go all in on react native for their products prior to us ever launching the first one for a a really, really important in highly visible lodge. And so this is it was an opportunity that had it could have gone a number of different ways. It certainly wasn't painless, I think was it was kind of hectic getting that out the door. There was a lot of work to be done a lot of long hours, but at the end of the day did launch at launch. On time did not launch bug free, but it did launch on time and it would not. They would not have been able to finish building out there feature said without pulling engineers off of other teams in order to launch time. So it became this interesting case where one team kind of just for their hand got forced into this direction and it ended up really dramatically accelerating the reactive adoption. Very early. Let me see if I understand correctly. So react native, comes out different teams on Airbnb, mobile development said, yeah, let's tinker around with this experiment with it. Let's do a few things internationalization, etcetera. And then experiences gets announced as a feature that we're going to build. And the experiences team makes very rational decision. We got a lot of web resources. We've got fewer mobile resources. Well, let's see if we can go all in with react native. Let's see what happens. They went all in with react native. And they did ship on time. They had to pull people off of other teams, but, but it sounds like it did get shipped. Okay. Do I understand things correctly so far it launched an I with every launched, their few losses are perfect and smooth and bug free. And this is not one of those just like others, but it went out the door. People were able to use it. People are able to book on it. So in a sense, it did allow them to get to their goal. And I sense that there were some sounds like there were some foundational things as experienced was being built or as it was being released. You were sort of like, oh, no, this is there's something wrong here. So I think it's really important to to understand exactly at break it down a little bit further. So reactive is when you when you add to an existing code base your, especially if it's a larger one with a lot of infrastructure of its own as ours was and still is, is really important to think about what that interaction's can look like and what kind of institutional. Infrastructure that you have to either recreate rebuild or bridge. And so in this particular situation, it was it was kind of like a cat and mouse game where they're just in order to in order to build a screen. You want to be able to leverage our networking stack. You want to be. It was critical that we Ron experimentation, all the internationalization has to go through internationalization pipeline. There's just, no, there are no other options. If we want to actually Shiva product, we have to do that work up front in. So there was just a huge, a huge amount of work that had to be done to get from zero to one in the case of react native. I mean, it was not. It was not the sort of thing. We could just tack on top in just right, right one screen and 'isolation and ship it. It just simply that would never have been a good experience and it would have hamstrung the teams that have would have chosen to use it. I think in in this particular case, because everything was happening so quickly, I think there was a combination of things that were made difficult specifically because of reactive, but also simply because we were tacking on a huge new platform. There was just an incredible amount of work that had to be done. And I was just a matter of hours in in some in some you and I were talking before the show about how now the main thing you're focused on his Android infrastructure and you said, eighty thousand lines of code in the.