Brian Chesky

  • Aired:  08/07/14
  •  | Views: 17,206

Airbnb co-founder and CEO Brian Chesky describes his company's emergence as a global enterprise and weighs in on the larger implications of the sharing economy. (5:35)

(CHEERS AND APPLAUSE)>> Stephen: WELCOME BACK,

EVERYBODY!

MY GUEST TONIGHT IS THE C.E.O.

OF THE ROOM SHARING SERVICEAIRBNB.

EVERY B&B I STAYED IN HADAIR.

PLEASE WELCOME BRIAN CHESKY!

(CHEERS AND APPLAUSE)HEY, BRIAN! THANKS SO MUCH FOR

COMING ON.

>> NICE TO MEET YOU.

>> Stephen: ALL RIGHT, YOU'RETHE CO-FOUNDER AND C.E.O. OF

AIRBNB, A $10 BILLIONHOSPITALITY, HOSPITALITY

EXCHANGE COMPANY. WHATIS THE DIFFERENCE BETWEEN AIRBNB

AND JUST HOME PROSTITUTION?BECAUSE YOU'RE SELLING YOUR

HOUSE THERE. SOME OF THESEHOUSES ARE LITERALLY ON

STREET CORNERS.

>> WELL, THE WHOLE IDEA IS WEHAVE THIS IDEA, WHAT IF YOU

COULD FEEL LIKE YOU'RE HOMEANYWHERE IN THE WORLD.

AND WHAT WE WANTED TO DO IS TAKETHE STRANGERS OUT OF IT. SO...

>> Stephen: WELL, I HAVE HOMESALL OVER THE WORLD.

I CAN ALREADY DO THAT.

>> SO, THE IDEA IS THAT YOU CANSEE WHO YOU'RE BOOKING WITH, YOU

GET TO VIRTUALLY MEET THEMBEFORE AND WITH THE CLICK OF A

BUTTON YOU CAN LITERALLY HAVE ACASTLE IN IRELAND, A BOAT OFF

THE COAST OF CAPE TOWNOR ONE OF 34,000 HOMES IN

PARIS.

>> Stephen: HOW DO I KNOW THATTHE PERSON I'M STAYING WITH

IS NOT GOING TO KILL MEAND WEAR MY SKIN?

(LAUGHTER)>> SO THE WHOLE IDEA WAS

THAT THERE ARE NOSTRANGERS HERE.

YOU GET TO VIRTUALLY MEETPEOPLE, SO YOU SEE THEIR

PROFILE...>> Stephen: YEAH.

>> AND THE WHOLE THING WORKS OFFOF REPUTATION OF TRUST.

SO, YOU GET TO READ THE REVIEWSOF PEOPLE WHO STAYED WITH

THESE PEOPLE BEFORE THIS HOST.AND YOU CAN READ THE REVIEWS.

AND YOU CAN VIRTUALLY MEET THEM,YOU CAN MESSAGE THEM WHEN YOU'RE

COMFORTABLE. AND YOU JUST BOOK.

>> Stephen: WHAT INSPIRED YOU TODO THIS?

>> WELL, I WAS ACTUALLY, I MOVEDTO SAN FRANCISCO WITH MY

ROOMMATE JOE GEBBIA AND WECOULDN'T AFFORD TO PAY RENT.

THERE WAS A DESIGN CONFERENCECOMING TO SAN FRANCISCO,

ALL THE HOTELS WERE SOLD OUT. SOWE HAD THIS IDEA, LET'S JUST

TURN OUR HOUSE INTO A BED ANDBREAKFAST FOR THE CONFERENCE.

BUT, UNFORTUNATELY, I DIDN'THAVE ANY BEDS.

JOE HAD THREE AIR -- WE'D JUSTMOVED UP THERE.

AND I WAS TOTALLY BROKE AT THISPOINT.

JOE PULLED THREE AIR BEDS OUT OFTHE CLOSET, HE INFLATES THEM AND

WE REALIZE IT'S NOT A BED ANDBREAKFAST.

IT'S AN AIR BED AND BREAKFAST.

>> Stephen: THAT'S WHY IT'SCALLED AIR B & B! OK!

>> YES.

(LAUGHTER)>> Stephen: NOW THIS IS

SOMETIMES CALLED THENEW SHARING ECONOMY.

>> RIGHT.

>> Stephen: I MISSED THE DAYIN KINDERGARTEN WHERE THEY

TAUGHT US ABOUT SHARING.>> YEAH.

>> Stephen: I DON'T LIKE IT. ALLRIGHT?

>> OKAY.(LAUGHTER)

>> Stephen: WHAT? YOU'VE, WE'VEGOT UBER, YOU'VE GOT

TASK RABBIT, YOU'VE GOT YOUGUYS...

>> AND YOU'VE GOT...>> Stephen: EVENTUALLY, WILL

EVERYONE, YOU KNOW, BELOW THE 1%JUST BE HELPING EACH OTHER?

WHY DO YOU THINK THIS IS TAKINGOFF?

>> I THINK THIS IS TAKING OFFBECAUSE WITH THE, WHAT

THE SHARING KIND OF REALLY MEANSIS NOW PEOPLE IN 60 SECONDS CAN

BECOME MICROENTREPRENEURS. YOUCAN ADD A REPUTATION.

IF YOU HAVE A SKILL, AN ASSETYOU HAVE IN YOUR LIFE.

YOU CAN SHARE IT WITH SOMEBODYAND IT DOESN'T

MATTER WHAT ECONOMIC CLASSYOU'RE A PART OF. I THINK

WHAT THIS REALLY MEANS, I THINK,IS THAT PEOPLE NOW HAVE THE

POWER TO BECOME ENTREPRENEURS.

>> Stephen: OK, WHO DOESN'T LIKEYOU BECAUSE OF THIS BECAUSE

YOU'VE GOTTEN SOME HEAT FROMVARIOUS CITIES AND FROM HOTEL

CHAINS ABOUT THIS, HAVEN'T YOU?

>> I THINK PEOPLE WHO ARERESISTANT...

>> Stephen: HAVE YOU OR HAVE YOUNOT?

>> WE HAVE GOTTEN A LITTLE BITOF RESISTENCE.

>> Stephen: GOT A LITTLE BITOF HEAT?

>> GOT AN LITTLE BIT OFHEAT, YES.

>> Stephen: OK. ALL RIGHT, SOWHY?

>> YES. I THINK THAT THERE ARESOME PEOPLE WHO DON'T WANT TO

CHANGE THE WAY THINGS ARE.

I TOTALLY UNDERSTAND THAT.THAT BEING SAID, YOU KNOW, WE

LAUNCHED DURING THE ECONOMICCRISIS OF 2008 AND THERE WERE

PEOPLE WHO REALLY NEEDEDTHIS CHANGE TO HAPPEN AND I

THINK IT'S FUNDAMENTALLY A GOODTHING FOR THE WORLD.

(APPLAUSE)>> Stephen: BUT YOU GUYS ARE

COMPETING, YOU GUYS, YOU GUYSARE COMPETING WITH THESE HUGE

HOTEL CHAINS, AND I GUESS WHATI'M ASKING IS:

SHOULD PEOPLE HAVE THE SAMERIGHTS AS CORPORATIONS?

(LAUGHTER)>> YOU KNOW, AIRBNB IS A

CORPORATION AND WE STARTED -- IWAS THE FIRST HOST WITH JOE ON

AIRBNB. I BELIEVE THAT,YOU KNOW, ULTIMATELY EVERYONE

SHOULD BE ABLE TO PARTICIPATE INTHE ECONOMY LIKE A CORPORATION

AND BECOME AN ENTREPRENEUR.

>> Stephen: DO YOU STILL USEIT?

>> I STILL USE IT. I'M STILL AHOST AND I'M STAYING HERE

TONIGHT IN NEW YORK ACTUALLYACROSS FROM YOU IN

THE EMPIRE STATE BUILDING.

>> Stephen: OH REALLY?

>> YEAH.

>> Stephen: HAVE YOU EVER HADA BAD EXPERIENCE WITH THE

AIRBNB?

>> I HAVE NOT HAD A BADEXPERIENCE. WELL ACTUALLY...

>> Stephen: AS THE C.E.O., IFYOU HAD SAID YES, I WOULD HAVE

FIRED YOU.

>> I DID STAY WITH A WOMANWHO HAD A PARROT AND THAT WAS A

LITTLE AWKWARD. BUT...

>> Stephen: ONE, ONE OF MYWRITERS WHO RECENTLY JOINED US

AT THE SHOW, SHE STAYED ATAN AIRBNB FOR ABOUT A MONTH

>> RIGHT.

>> Stephen: AND WHEN SHE LEFT,THE HOST GAVE

HER A WIDE SCREEN TV AND TWONAKED MANNEQUINS.

IS THAT STANDARD PROTOCOL?

>> WELL, I THINK THE IDEA ISTHAT, LIKE, A LITTLE BIT YOU

NEVER KNOW WHAT YOU'RE GOING TOGET, AND I THINK THAT LIKE MANY

PEOPLE BECOME FRIENDS AFTERAND THERE'S THIS WONDERFUL

CULTURAL EXCHANGE. YOU KNOW,JUST TO GIVE YOU AN EXAMPLE,

TONIGHT AROUND THEWORLD 375,000 PEOPLE ARE

STAYING TOGETHER AND LIVINGTOGETHER IN 160 COUNTRIES.

>> Stephen: WOW!

(APPLAUSE)WHAT'S YOUR TASTE OF THAT?

WHAT'S YOUR TASTE, WHAT'S YOURPERCENTAGE ON THAT?

>> WE TAKE 13% OFF EVERYBOOKING.

>> Stephen: WOW!

>> AND THEN THE WORLD CUP,600,000 PEOPLE WENT TO BRAZIL

FOR THE WORLD CUP.>> Stephen: YEAH.

>> ONE IN FIVE PEOPLE,120,000, WERE ALSO

STAYING IN AIRBNB.

>> Stephen: WOW. WELCOME,WELCOME TO THE FAVELA.

>> YES. EXACTLY.

>> Stephen: HERE'S YOUR BROKENBOTTLE.

>> YES. EXACTLY.

(LAUGHTER)>> Stephen: IS THERE ANY PLACE

YOU AREN'T YET THAT YOU WANT TOBE?

>> WELL, WE'RE IN EVERY COUNTRYBUT NORTH KOREA, IRAN, SYRIA

AND CUBA. SO WE'RE...

>> Stephen: NORTH KOREA. WAIT,WAIT. NORTH KOREA...

>> IRAN...>> IRAN.

>> SYRIA AND CUBA.>> Stephen: AND CUBA. OK.

>> WE'RE NOT IN THOSE FOURCOUNTRIES. EMBARGOOS, AND

ALSO, OBVIOUSLY, NORTH KOREADOESN'T HAVE INTERNET ACCESS.

>> Stephen: NO. OR LIGHT.

>> YES. EXACTLY.

>> Stephen: WELL, WELL THANK YOUSO MUCH FOR JOINING ME.

BRIAN CHESKY, CO-FOUNDER OFAIRBNB.

CHECK IT OUT!

CHECK IT OUT!

WE'LL BE BACK!

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