The goal is to make a business out of the higher margin parts that scale easily, and leave the lower margin customer-obsessive parts to others.
Prices are similar to hotels.com, with silly house rules, cleaning fees and hassle vs just turning up and leaving.
I've used Airbnb for years, and it was truly revolutionary back in the day.
Airbnb may very well be making its customers happy, but when so many of those customers are 21 year-olds looking for party houses they can trash and fundamentally changing the character and safety of entire neighborhoods, is that really the most important thing? Even as the founder or executive or both of a business, you're still part of a human community and you have a duty to that community not to worsen the lives of countless bystanders in order to delight the few who happen to pay you. Make products that are valuable in general, to everybody, not products that are valuable only to your customers at everyone else's expense.
That said: there's a real phenomenon Graham and Chesky were grappling with, and if you've done startups for awhile --- startups, in particular, because they give you the vantage point of seeing a company's management processes develop from zero --- you've almost certainly seen it yourself. Not enough has been written about it! The point Graham was trying to make isn't banal (or wrong).
It's just not fully formed, and is being taken that way.
It's a complete clown show, but people love to believe stories about people bucking the system, so they eat it up.
pg gets a pass for building outsized value (YC pre 2020), but the rest should probably not flex their luck and confuse it with success and spare us their 'wisdom'
Who dat?