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The reason AirBnb is a startup is because it makes no money. A company stops being a startup when you aren't relying on someone cutting you a check every month
by hogFeast 7y ago
The reason AirBnb is a startup is because it makes no money. A company stops being a startup when you aren't relying on someone cutting you a check every month to keep it all going.
Most of these companies will now fold. The number of employees or, even, revenue is irrelevant.
- missedthecue 7y agoI still see Tesla commonly called a startup
- hogFeast 7y agoI would have been in that camp. But it is probably unfair. I still think the company is a dumpster fire but the big investments that Musk is making are, in part, driven by actual revenue. ...now that isn't wholly true. Musk seems to be able to keep raising debt without hitting equity. Over and over, he just finds utter idiots to keep bailing him out. The deal with the Chinese govt was incredible. Eventually, this will run out of road but the bankruptcy will show that Telsa did create some value.
- tomashertus 7y agoI really hope this recession will bust AirBnB. It would lower the rents all over the world...
- naveen99 7y agorecession is going to lower rents. airbnb is not even a rounding error.