Hi all,
I wrote a better article before but lost it for unknown reasons. Likely my own bad.
When the founders of Airbnb had a good idea and ran with it, they never expected it to be this successful. Neither founder, likely, had the experience or education to lead a venture of such proportions.
To grow the business they needed help, which is never hard to find for a profitable business. Although, GOOD help is always hard to find.
Several less-than-prudent financial decisions were made and I wonder.
There is a reason why an IPO is in the pipeline. Airbnb is in dire straights financially and an IPO MAY make them weather the storm.
This is not to say it’s not a masterful platform.
But it seems recently pushed aside that it floats on the hosts. The market for customers is many orders of magnitude over the market for host spaces. Don’t forget that this massive investment is not weighing on Airbnb, but on the hosts.
Pissing off a guest is wrong but much less expensive than disenfranchising hosts. Which, hosts are Airbnb customers too!
With the impending IPO Airbnb will enter the realm of amazon and Facebook corporation platform successes.
Corporations check their conscience at the door and only Benjamin$ count.
With the event of Bot CS we have been notified.
For a continued successful future of Airbnb, HOST need a chair at the oval table.
We could collectively buy one at the IPO through buying (voting) stock but I’m afraid we won’t play well between the fund behemoths.
We could sway a large investor to include our experiences from the trenches in their voting decisions but that does not Guarantee us a chair either.
Generals often get disconnected from the battle at hand, by not communicating with the soldiers directly.
Are we not seeing the beginnings of just that already?
Airbnb May become a great success and Brian Chesky May get to stand next to Zuckerberg on a podium one day, or it could become a dismal failure in the not too distant future (although I still don’t understand what makes Zuckerberg’s product’s worth).
Amazon may be a better comparison. They sell products AND services during the pandemic.
Not unlike Amazon, Airbnb now has a unique position: with the roaring pandemic, travel and leisure ventures have been severely hit.
Initially Airbnb was among them but with guests venturing outside large conglomerates, rural hosting became popular and now supports the bottom line.
In the future I can see Airbnb make alliances into small hotels, adventures, theme parks, campings and the like, as the savior of small leisure business screaming for platform help.
Lastly, hosts can create a union as an equal and opposite force to corporate Airbnb for United we stand ... etc.
It will be very difficult to organize but we could send a sos flare to the top by organizing a “wild strike” ( that would get some attention I guess) but it won’t work post IPO.
Your thoughts?