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Speaker 1: This is Breakfast with Bongani point seven two.

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Speaker 2: Let's walk lit Talk Black Sheep Thinking. This is our

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Speaker 2: series have been playing for the last few weeks. It's

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Speaker 2: powered by Camisa Asset Management invest Differently better investors for

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Speaker 2: over twenty years. What is black Sheep Thinking. It's the

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Speaker 2: idea of challenging long held assumptions, the idea of moving

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Speaker 2: away from established consensus, to test popular thinking, to test conviction,

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Speaker 2: and over time to reshape the world and deliver better outcomes.

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Speaker 2: That's exactly what Camisa Asset Management have been doing for

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Speaker 2: the last twenty years. Today we are talking about the

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Speaker 2: story of Airbnb and how that turned a problem into

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Speaker 2: a platform. Hotels, as you know, were expensive and inflexible.

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Speaker 2: Many cities had unused space but no trust mechanism, while

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Speaker 2: the unconventional thinking that came with Airbnb reframed homes as hospitality,

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Speaker 2: focusing on the idea of belonging, reviews and peer trust

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Speaker 2: instead of real estate. We are joined now by the

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Speaker 2: founding CEO of AB and B who tells us the

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Speaker 2: story of how airbn b came to be. Have a listen.

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Speaker 1: So my life is like I'm in a car and

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Speaker 1: the road in front of me looks exactly like the

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Speaker 1: road behind me. And all of a sudden, I get

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Speaker 1: a package in the mail.

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Speaker 2: It's there.

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Speaker 1: It's it's a package and it's a sea cushion but

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Speaker 1: it looks in the shape of a human buttocks with

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Speaker 1: a handle, and it is a product called crip Buns

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Speaker 1: and it's from my friend from Risdy and he says,

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Speaker 1: I started this company. We're manufacturing this product.

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Speaker 2: Now.

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Speaker 1: By the way, the product's beautiful. Ended up getting sold

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Speaker 1: in the Museum of Modern our gift shop, so it's

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Speaker 1: a really nice product. And he and he said, come

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Speaker 1: to San Francisco. And this was like my called adventure.

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Speaker 1: And you know, like there might be a few times

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Speaker 1: in your life where you make a decision and everything

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Speaker 1: about your life changes after that decision, and that's what happened.

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Speaker 1: I pack everything in the backseat ole Honda Civic. I

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Speaker 1: have a thousand dollars bank. I get to San Francisco

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Speaker 1: and then Joe tells me the rent is one one

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Speaker 1: hundred and fifty dollars and I thought, wow, I should

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Speaker 1: have asked that before I came up to San Francisco.

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Speaker 1: But it turns out that weekend at International Zion conference

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Speaker 1: was coming to San Francisco. All the hotels were sold out,

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Speaker 1: and we had this idea. We said, well, what if

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Speaker 1: we just turned our house into a bed and breakfast

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Speaker 1: for a design conference. Unfortunately I didn't have any beds,

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Speaker 1: but Joe had three airbeds. We pulled them out of

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Speaker 1: the closet and we call the airbedombreakfast dot com. And

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Speaker 1: at that point my mom said, so, I guess you

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Speaker 1: don't have that job of health insurance anymore.

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Speaker 2: I love that story from Brian Chiske, who's a co

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Speaker 2: founder and CEO of Airbnb. He needed to go to

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Speaker 2: a conference and there was no hotel space available, and

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Speaker 2: that's how they started Airbnb, and they've completely turned the

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Speaker 2: hospitality world on its head. Sometimes progress begins with courage

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Speaker 2: and conviction, the fact that you can see ideas a

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Speaker 2: little differently, and that's what black Sheep thinking is all about.

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Speaker 2: You can listen again next week Tuesday for another story

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Speaker 2: of unconventional thinking, powered by CAMESA Asset Management on seven

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Speaker 2: oh two,