> This isn't how investing works. You're no authority on "how investing works", so consider expressing your personal opinions in a less arrogant way. It's har

> This isn't how investing works. You're no authority on "how investing works", so consider expressing your personal opinions in a less arrogant way. It's hard to imagine why you think VCs not understanding Airbnb's potential means that the actual users of Airbnb didn't understand it. I absolutely believe many of the early hosts would have elected to have 5% or 10% of their earnings turned into stock certificates. And of course, I'm talking about future companies that fit the Airbnb profile. Users will be wrong and lose money, but you're wrong if you think regular people can't predict successful companies earlier and better than VCs. They're the ones that actually pick who wins in the market after all.