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Consider that Airbnb is more than 10 years old and has received (hundreds?) of millions in investment, and only now after a decade is profitable. This is somet
by blunte 8y ago
Consider that Airbnb is more than 10 years old and has received (hundreds?) of millions in investment, and only now after a decade is profitable.
This is something like a human child, even including the rule-skirting and risky behavior that sometimes leads to opportunities that others don't have (a practice that has also helped Uber become dominant).
So I wonder what the business world would look like if we treated more businesses with a longer term support and nurturing mentality... would we have more success?
Even some of the pivots and direction changes of Airbnb are reminiscent of a growing human changing hobbies or finding their balance of skill + motivation.
I suspect a good part of the success (measured in multiple ways) of Silicon Valley is due to this finding and support that elsewhere is unmatched. Banks certainly aren't supportive parents, and the stock market is the school bus bully.