Managing directors at top-tier investment banks may pocket a million a year and be worth tens of millions after a long career. Early employees at tech firms like Uber, Airbnb, and Snapchat can make many times that amount of money in a matter of years.
We see these wonderful apps that really have changed our world in many good ways such as Uber or Airbnb, but at the same time, they're drastically changing the workforce. And they're changing them so much that the industries themselves are not able to keep up.
We looked into and tested the Airbnb website and found the inquiries generated were at price points substantially lower than the market is prepared to pay us directly. It was clear that there were no real synergies between the level of our offering and what Airbnb clientele is looking for.
I don't think I have to combat Airbnb. It is like comparing Tiffany to a shop that sells things for one dollar.
There's always room for an operator like Airbnb, but it's quite a different thing to my serviced apartments. Airbnb is a different market - it has nothing to do with me.
Early investors in Uber and Airbnb, though they remain private companies, have valued them at stratospheric multiples based largely on the notion that Uber will transform and dominate local transportation and Airbnb will revolutionize the hotel industry.
Airbnb is a much more effective protest than shutting down the Brooklyn Bridge.
When we talk about the things at Airbnb that are challenging and that they are going to have to overcome, the parallels with eBay are across the board. It's community management. It's making sure the marketplace is in balance - the right amount of buyers and sellers.
Airbnb started with 'air bed and breakfast.'
You must have the ability to recognize good design and good user experience. These are core things at Airbnb. It doesn't matter which department you're in.
