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regret from a investor perspective is when you didn't you had you you had disappointment plus the responsibility you had a chance to invest in something and you chose not to and that Airbnb being a good example um and you should have invested because it's worth a lot more now
that's why I was hired at Airbnb you know expectations you have hosts in all these countries who have never been given any training formally about the Art and Science of hospitality
I could see sir but I mean it's definitely going to go public at some point I mean come on the private Equity guys are not investing in it because it's not so I mean it's going to go public at some point that's just window dress
Airbnb needs to do a better job they've done a we've done a great job of saying here's our purpose as a company now we need to do a great job of helping every single one of our 750 employees feel like I understand my impact on a daily basis on the overall purpose
one of the airbnb's big risks is that you have to have a minimum level of consistency for people in the broader population to actually say yes I'm going to try Airbnb
Airbnb is doing that how is Airbnb doing it it's doing it based upon giving a person the sense that they can belong anywhere wherever you go you feel like you belong there you can live like a local
we've been able to create some level of trust that people will open their home and allow someone in and get paid by Airbnb as opposed to saying at when the guy's leaving or the person's leaving or the couple's leaving hey give me give me the money
there are millions and millions and millions of idol mattresses around the world and that's our opportunity
Airbnb is a small player overall where we're so big is that our growth trajectory
in 2016 we will surpass if we are on the same trajectory that we think we're going to be on we'll surpass Hilton in terms of the number of room nights that we actually offer to guests around the world will be the largest Hospitality
people got into it because of the money reasons and they stayed doing it because of the emotional benefit
Airbnb has now gotten to a size with 500,000 listings in 192 countries where that's happened but it it on the guest side yes it's affordable and it's localized personalized experience but on the host side frankly part of the value of this business model was it was started in the Great Recession and there were a lot of people who couldn't pay their rent or their mortgage and they needed to figure out a way to do it and this was a way for a micro entrepreneur to basically stay alive
Brian is a good example of this I'll speak if Brian were sitting here right now I'd say the same thing to him he's phenomenally good at helping our company get aligned around our mission our purpose and what it's all about and you hear that and he's a great speaker on that where we need to be better Airbnb I'm speaking about is meaning in work how is it that on a daily basis that what you the things that you do are having an impact and how do you know it's having an impact
I loved the meaning at work at Arabia B the idea that I was a disruptive innovator 27 years ago when I started a boutique hotel company at age of 26 arabb is a disruptive innovator today in the in the hospitality business the meaning atwork was there because we're basically a shared economy we are the role model for the shared economy and we are shifting how people think about Hospitality
Airbnb while it's all private and I can't tell you all the details it's a company that doesn't really need any funding because it's doing that well and it's a private company and it doesn't need funding and it has great investors but at this point it doesn't need funding so that tells you how it's doing