By Leigh Gallagher
Fortune editor Leigh Gallagher explores the luck of Airbnb besides the extra arguable aspect of its tale. Regulators are looking to diminish its quick enlargement; inn leaders combat with the disruption it has brought on them; and citizens and clients alike fight with the unintentional effects of establishing up inner most houses for public consumption. This can be the 1st in‑depth learn of Airbnb's chief, Brian Chesky, the quirky and curious younger CEO, as he steers the corporate into new markets and more and more uncharted waters.
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Additional resources for The Airbnb Story: How Three Ordinary Guys Disrupted an Industry, Made Billions . . . and Created Plenty of Controversy
He had also decided to throw in the towel on his advertising idea, because he realized the concept needed more than engineering expertise, and he didn’t have cofounders. So he recommitted to AirBed & Breakfast, agreeing to work on the concept from Boston. Meanwhile, Chesky and Gebbia had started meeting with the “angels” Seibel had mentioned—or at least trying to. (By this point, the group decided that Chesky would be CEO. “It wasn’t really a major conversation,” Chesky recalls. ” The three cofounders have very different skill sets; it had become clear that Chesky was the natural leader among them.
Once in Los Angeles, Chesky moved in with some friends from RISD and started working at the industrial-design firm 3DID. For the first few months he liked the work, designing real products for companies like ESPN and Mattel. But soon it started to become evident that the job wasn’t what he’d hoped it would be. He dreamed of becoming the next Jony Ive or Yves Béhar, famous designers who’d reimagined companies like Apple and the consumer-technology firm Jawbone, but he found his daily work to be uninspiring, mostly rote execution.
Part of it was economic: coming as it did right out of the Great Recession, it offered a way for everyday people to make money off of their homes and a much more affordable way to travel. Its first adopters were millennials, the swelling demographic that were coming into their own as apartment-dwellers, but, curiously, the average age of a host in the United States is forty-three. As incomes started to slow in recent years and housing prices in cities began to climb, anyone could monetize their home via Airbnb, even if they didn’t own it.
The Airbnb Story: How Three Ordinary Guys Disrupted an Industry, Made Billions . . . and Created Plenty of Controversy by Leigh Gallagher