Our Q1 results are in:
102M nights booked
$1.5B revenue (70% Y/Y)
$(19)M net loss
$229M Adjusted EBITDA
$1.2B free cash flow
2 years ago, our business dropped 80%, our IPO was put on hold, and some didn’t think we’d make it at all.
Here’s how we turned Airbnb around:
• Today > tomorrow
There are so many things we are going to do "tomorrow", but
Tomorrow never comes.
Change to a mindset of TODAY.
Today you will act.
Every day you will act.
You act until it compounds.
You act until it goes exponential.
An entire generation of entrepreneurs & tech investors built their entire perspectives on valuation during the second half of a 13-year amazing bull market run. The "unlearning" process could be painful, surprising, & unsettling to many. I anticipate denial. Some thoughts:
TL;DR:
To rebuild my real estate portfolio to $10 million, I'd focus on:
• value add
• house hack
• buy for appreciation
• target the right location:
• product type
• relative location
• specific location
• path of progress
• Refinance and repeat