Speaker 1: An illegal alien from Guatemala charged with raping a child
Speaker 1: in Massachusetts. An MS thirteen gang member from Al Salvador
Speaker 1: accused of murdering a Texas man of Venezuelan charged with
Speaker 1: filming and selling child pornography in Michigan. These are just
Speaker 1: some of the heinous migrant criminals caught because of President
Speaker 1: Donald J. Trump's leadership. I'm Christy nom the United States
Speaker 1: Secretary of Homeland Security. Under President Trump, attempted illegal border
Speaker 1: crossings are at the lowest levels ever recorded, and over
Speaker 1: one hundred thousand illegal aliens have been arrested. If you
Speaker 1: are here illegally, your next you will be fined nearly
Speaker 1: one thousand dollars a day, imprisoned, and deported. You will
Speaker 1: never return. But if you register using our CBP home
Speaker 1: app and leave now, you could be allowed to return legally.
Speaker 1: Do what's right. Leave now. Under President Trump, America's laws,
Speaker 1: border and families will be protected.
Speaker 2: Sponsored by the United States Department of Homeland Security.
Speaker 3: Today's Story. This episode's story will be on Airbnb.
Speaker 4: Airbnb, Airbnb and Man amazing story.
Speaker 5: Phenomenal, phenomenal story.
Speaker 3: So I'll started off in two thousand and seven, right
Speaker 3: Joe Yad Drab Gebbia Gebbia and Brian Chesk Sheeshki. They
Speaker 3: were both twenty seven at the time, right, and they
Speaker 3: lived in San Francisco. If anybody's not familiar to San Francisco,
Speaker 3: I believe is the most expensive place to live in America,
Speaker 3: highest real estate. I'm pretty sure. I'm pretty Susie, No,
Speaker 3: I think it's more explored than that.
Speaker 4: Yeah, I'm pretty.
Speaker 5: Sure it is.
Speaker 3: So they were struggling to pay rent, right, you know,
Speaker 3: twenty seven year olds stretch out of college, struggling. So
Speaker 3: they lived together. They have like a two bedroom apartment.
Speaker 3: I as soon and it was a big conference coming
Speaker 3: up in the city of Design conference.
Speaker 6: So they both come from the Rhode Island School of Design.
Speaker 6: So there was a design conference and they were planning
Speaker 6: on a tendon.
Speaker 3: Yeah, so all the hotels in the city were booked.
Speaker 3: Because if anybody familiar with San Francisco, San frys School
Speaker 3: is a very small city. That's why the real estate
Speaker 3: is so expensive in San Francisco because it's very small. Obviously,
Speaker 3: you have to look on valley nearby and tech industry.
Speaker 3: So it's a couple of different things that makes Simranusco
Speaker 3: so expensive. It's very small, and you're surrounded by the
Speaker 3: tech industry, which billionaires all around, so land is very scarce.
Speaker 3: So all the hotels in the city were booked, right,
Speaker 3: So they have the bright idea to rent out their
Speaker 3: living room for people that are looking for hotels. They
Speaker 3: know people are coming into the city and that they're
Speaker 3: not going to have anywhere to stay.
Speaker 4: Yeah.
Speaker 6: I think Joe sends an email to Brian like, hey,
Speaker 6: I have this idea, and he shows it that a
Speaker 6: lot of his presconsas is I have this idea. Yeah,
Speaker 6: you know what, there's no more city, there's no more
Speaker 6: hotels in the city, there's no more rooms.
Speaker 4: We got something.
Speaker 3: So they want to put three airbeds in their living
Speaker 3: room on the floor, and they are want to cook
Speaker 3: their guest breakfast.
Speaker 6: All right, so we're gonna rent the space. We have
Speaker 6: some space in the living room, three air mattresses. Not
Speaker 6: only we're gonna let people rent that, but like you said,
Speaker 6: we're gonna make bread breakfast for them.
Speaker 5: So the next day they launched a website.
Speaker 3: The website is called air bed and Breakfast dot com
Speaker 3: because they give you an airbed and breakfast because they're
Speaker 3: gonna make you breakfast airbed and breakfast, hence the name Airbnb,
Speaker 3: but at first it was called airbed and Breakfast dot com, right,
Speaker 3: So from there they a few weeks later they actually
Speaker 3: get three people to come and I think they charged
Speaker 3: them eighty dollars.
Speaker 4: A night per person per night.
Speaker 5: Yeah, right, and it worked out for them.
Speaker 3: And then next year is when they really take off
Speaker 3: because now they have an idea, they have a business model,
Speaker 3: we have a website.
Speaker 6: Before they get to the next year, like they're broke.
Speaker 6: Oh that it broke, so like that conference came and
Speaker 6: it left, and they still can't pay the rent. So
Speaker 6: what they did is they took out as many credit
Speaker 6: cards as they could. Think he tells the story where
Speaker 6: he has well he remember he used to have trading
Speaker 6: cards and slip them in.
Speaker 4: He had a trading card book. But it was just
Speaker 4: credit cards.
Speaker 6: And I think they accumulated like fifteen thousand dollars in
Speaker 6: credit card that each just to they couldn't take out
Speaker 6: any more cash advances on their credit card.
Speaker 3: Cash advances powerful tool, very dangerous tools.
Speaker 4: We have some stories on them.
Speaker 5: Yes, that's a different story.
Speaker 3: Okay, So next year, two thousand and eight, there's a
Speaker 3: senator that is the talk of politics. His name is
Speaker 3: Barack Obama, right, so it is he's running for president
Speaker 3: the first time obviously, and there's the Democratic National Convention
Speaker 3: which is held in Denver, Colorado. So they gear up
Speaker 3: for the Democratic National Convention. Yeah, they got another idea
Speaker 3: today saying okay, this is a perfect I think eighty
Speaker 3: thousand people were going to come into Denver and not
Speaker 3: going to be enough hotels, very similar to what they
Speaker 3: did in San Francisco.
Speaker 5: But now they want to scale it.
Speaker 3: So they want to recruit other people to rent their apartments,
Speaker 3: re rent their homes, and then they get a portion
Speaker 3: of that and they'll broker it for them.
Speaker 6: And yeah, the idea was like, we're going to find
Speaker 6: Obama supporters in Denver to open up their homes for
Speaker 6: other Obama supporters.
Speaker 5: Think you had eight hundred listings. They were able to
Speaker 5: find it.
Speaker 4: Yeah, they found eight hundred homes and it was great.
Speaker 4: They made some.
Speaker 5: Money, they made they made a little bit of money.
Speaker 4: Yeah someone Yeah not enough, not enough. Yeah.
Speaker 6: So they still even after the convention, they still broke no, no.
Speaker 3: Before the convention is over, Before the convention is over.
Speaker 3: Leading up to it, they have eight hundred homes and
Speaker 3: apartments that they were able to get people to rent.
Speaker 3: But they still didn't really make any money, right, I
Speaker 3: don't know why. I guess it just wasn't profitable for
Speaker 3: whatever reasons. So now they go to the convention and
Speaker 3: they have the bright idea as a marketing tool, and
Speaker 3: they didn't really do this to make money. They did
Speaker 3: this as a marketing tool to make cereal limited boxes
Speaker 3: of Cereal. They have the Obama os and they capped
Speaker 3: then McCain cereal.
Speaker 6: So the it ties into what they do, right, We're
Speaker 6: gonna give you the room and how are we going
Speaker 6: to make breakfast now for you? Because the original thing
Speaker 6: is like you'll get the room and we'll provide breakfast.
Speaker 5: But this was more of a pr store.
Speaker 6: Yeah no, but so he says it in some of
Speaker 6: his speeches. He's like, look, we had to figure out
Speaker 6: how we're going to scale breakfast. So are we going
Speaker 6: to put eggs and ship.
Speaker 4: It to people? No, We're gonna make cereal.
Speaker 6: So what they did, like I think Joe Gebia does,
Speaker 6: is he goes to like the cheapest places he can
Speaker 6: find cereal.
Speaker 4: So he goes to like dollar stores and buy Cereal
Speaker 4: and they press.
Speaker 6: Up these pictures like they go to an architect like, hey,
Speaker 6: we need you to draw this picture. So they have
Speaker 6: Obama and they have McCain on the Cereal box and
Speaker 6: they make it limited.
Speaker 5: Edition, limited edition.
Speaker 6: Yeah, and each box has like the numbers, so if
Speaker 6: you bought one, you know that you have four out
Speaker 6: of five hundred, because I think they.
Speaker 4: Only did a thousand buses eight thousand boxes each.
Speaker 6: Each candidate got five hundred boxes, so they put like
Speaker 6: like four out of two hundred or five out of
Speaker 6: two hundred, so everybody had a limited.
Speaker 4: Number on their box.
Speaker 6: Okay, the brilliant thing is that we know boxes of
Speaker 6: Cereal of course like four hours at the most, sometimes
Speaker 6: a little bit more super size.
Speaker 4: They charged foty.
Speaker 3: Dollars for the box and they made thirty thousand dollars,
Speaker 3: So they made thirty thousand dollars off cereal and that
Speaker 3: was enough to propel them.
Speaker 7: This episode is brought to you by P and C Bank.
Speaker 7: A lot of people think podcasts about work are boring,
Speaker 7: and sure they definitely can be, but understanding a professionals
Speaker 7: routine shows us how they achieve their success little by little,
Speaker 7: day after day, It's like banking with P and C Bank.
Speaker 7: It might seem boring to save, plan and make calculated
Speaker 7: decisions with your bank, but keeping your money boring is
Speaker 7: what helps you live or more happily fulfilled life. P
Speaker 7: and C Bank Brilliantly Boring since eighteen sixty five. Brilliantly
Speaker 7: Boring since eighteen sixty five is a service mark of
Speaker 7: the PNC Financial Service Group, Inc. P and C Bank
Speaker 7: National Association member FDIC.
Speaker 4: Erners What's up?
Speaker 7: You ever walk into a small business and everything just
Speaker 7: works like the checkout is fast, the receipts are digital,
Speaker 7: tipping is a breeze, and you're out the door before
Speaker 7: the line even builds Odds are they're using Square. We
Speaker 7: love supporting businesses that run on Square because it just
Speaker 7: feels seamless. Whether it's a local coffee shop, a vendor
Speaker 7: at a pop up market, or even one of our
Speaker 7: merch partners. Square makes it easy for them to take payments,
Speaker 7: manage inventory, and run their business with confidence, all from
Speaker 7: one simple system. If you're a business owner or even
Speaker 7: just thinking about launching something soon, Square is hands down
Speaker 7: one of the best tools out there to help you start, run,
Speaker 7: and grow. It's not just about payments. It's about giving
Speaker 7: you time back so you can focus on what matters
Speaker 7: most Ready. To see how Square can transform your business,
Speaker 7: visit Square dot com backslash go backslash eyl to learn
Speaker 7: more that Square dot com backslash, go backslash eyl. Don't wait,
Speaker 7: don't hesitate. Let's Square handle the back end so you
Speaker 7: can keep pushing your vision forward.
Speaker 1: An illegal alien from Guatemala charged with raping a child
Speaker 1: in Massachusetts. An MS thirteen gang member from Al Salvador
Speaker 1: accused of murdering a Texas. Man of Venezuelan charged with
Speaker 1: filming and selling child pornography in Michigan. These are just
Speaker 1: some of the heinous migrant criminals caught because of President
Speaker 1: Donald J. Trump's leadership. I'm Christy nom the United States
Speaker 1: Secretary of Homeland Security. Under President Trump, attempted illegal border
Speaker 1: crossings are at the lowest levels ever recorded, and over
Speaker 1: one hundred thousand illegal aliens have been arrested. If you
Speaker 1: are here illegally, your next you will be fined nearly
Speaker 1: one thousand dollars a day, imprisoned, and deported. You will
Speaker 1: never return. But if you register using our CBP home
Speaker 1: app and leave now, you could be allowed to return legally,
Speaker 1: do what's right. Leave now. Under President Trump America's laws,
Speaker 1: border and families will be protected.
Speaker 2: Sponsored by the United States Department of Homeland.
Speaker 3: Security next year going forward, where they finally got the
Speaker 3: business off the ground, off and running, and then they
Speaker 3: were able to get substantial amount of money from an angel.
Speaker 4: Investor, some seed money, some seed money.
Speaker 3: Then in twenty eleven they get even more money from
Speaker 3: Ashton Cusher.
Speaker 4: Yeah legend. People don't He's made some brilliant moves.
Speaker 5: People don't even remember him.
Speaker 4: Pump was it pumped? Was that the show punked? I
Speaker 4: think that's what the seventy show?
Speaker 3: First they show punked. He had this movie called The
Speaker 3: Butterfly Effect.
Speaker 4: I was just yeah, that was a decent movie. And
Speaker 4: then he married the Demi Moore.
Speaker 5: Right, he was married to Demi.
Speaker 4: Moore and now he's married to me La Kunis Okay.
Speaker 3: Ashton Kushier. Not to get off topic here, but the guys.
Speaker 5: Are genius, right, make good movies.
Speaker 3: He's angel investor. He's a Hollywood A list celebrity who,
Speaker 3: at the peak of his career, decides to switch his
Speaker 3: focus and become an investor in tech companies. Some of
Speaker 3: the companies that he invests in early Spotify, Airbnb, Uber, Twitter,
Speaker 3: and now Ripple Yes cryptocurrency. Ripple So Aston Kusher comes
Speaker 3: in twenty eleven, gives them money.
Speaker 5: And then they skyrocket Skyrocket.
Speaker 6: It gives them money to hire more staffing. They go
Speaker 6: staffing the United States to now Europe. Officers become global Global.
Speaker 3: Their current valuation is thirty eight billion dollars.
Speaker 6: Wow, yeah, I think so. They're both founders, three founders.
Speaker 6: They're each worth four billion dollars four billion. They're under
Speaker 6: forty years old.
Speaker 3: Yep, thirty eight billion dollar evaluation. The reason why I
Speaker 3: like this story is because it highlights if you are
Speaker 3: an entrepreneur, you have to do whatever you have to do.
Speaker 3: You have to hustle at all courts. Right, So they
Speaker 3: starting an idea to put air mattresses in their living
Speaker 3: room and they make people breakfast.
Speaker 6: Nobody believed in them, like they took this to Silicon
Speaker 6: Valley and had twenty investors.
Speaker 5: No, it's laughable if you take No.
Speaker 3: If you think about it, right, you're putting three air
Speaker 3: mattresses in your living room and you're gonna make people breakfast,
Speaker 3: and you're gonna name the company Airbed and Breakfast.
Speaker 4: They said. They laughed at they that's not a joke.
Speaker 4: They laughed at them, and they said, this is never
Speaker 4: gonna work. They had twenty investors.
Speaker 6: Ten of them didn't respond to their emails, five of
Speaker 6: them met with them, and the other five sat down
Speaker 6: and had a tent in a conversation, all of them
Speaker 6: said no, none of them believed in it.
Speaker 3: And then right nobody believed in it. And then when
Speaker 3: all else fails, they realized that they have to go
Speaker 3: to plan B and they sell cereal.
Speaker 6: And that's what gets the money from the seat investors.
Speaker 6: They're like, if you can sell cereal to people at
Speaker 6: four hours of box, you must.
Speaker 4: Be on something.
Speaker 3: If one hustle isn't working, you got to switch.
Speaker 4: It, right.
Speaker 6: He said that his mom would call him like, wait,
Speaker 6: I thought you guys were a chain of like hotel services.
Speaker 6: Like you're selling cereal nowt here a food company now,
Speaker 6: So whatever we have to do.
Speaker 5: To get this money, whatever by any means necessary.
Speaker 4: Yeah, But it didn't.
Speaker 6: Like I said, it didn't work at first, and they
Speaker 6: had to go to the drawing board and one of
Speaker 6: the things they said they met an investor, and he
Speaker 6: was like, go meet your people, And what that really
Speaker 6: meant was like, why isn't it working? And they found
Speaker 6: out that when they went to some of the places
Speaker 6: that they were listing, they realized that the people weren't
Speaker 6: taking great pictures. It wasn't displaying the homes like they should.
Speaker 6: So they said they went to New York and they
Speaker 6: went to Manhattan and Brooklyn and they went to each
Speaker 6: listing and said, look, here's the camera I want you
Speaker 6: to use when you take these pictures. And from that
Speaker 6: moment important too, because you.
Speaker 3: Know when we say all right, we give you guys
Speaker 3: these case studies. So when you go to like business school, Harvard, yeah, whatever,
Speaker 3: top business school, Boarden, they go through case studies, right,
Speaker 3: and it's entertaining stories, but it's more so it's education.
Speaker 5: Right.
Speaker 3: We're not just giving you these case studies just to
Speaker 3: entertain you. Hopefully you can learn something from it and
Speaker 3: implement it in your business, whether you sell T shirts,
Speaker 3: whether you're a barber, whatever, you can learn from other
Speaker 3: people's success stories and figure out a way how you
Speaker 3: can copy what they have done.
Speaker 5: Right, there's nothing wrong with it.
Speaker 3: Becase what they have done or inspire you or gain
Speaker 3: some type of insight. So I just want to leave
Speaker 3: that because you know, we give a lot of these
Speaker 3: stories and they are entertaining, but it's not just a
Speaker 3: bedtime story, like it's for actual action, like to take action,
Speaker 3: to leave some inspiration. So hopefully that story, to me
Speaker 3: at very least is a very inspirational story for a
Speaker 3: few different reasons. But I just feel that stories like
Speaker 3: that really, you know, give you a push to keep
Speaker 3: going because it's not going to be easy in any
Speaker 3: type of business that you do.
Speaker 6: Two thousand and seven, nobody believes in them. Two thousand
Speaker 6: and sixteen, they become the official sponsor of the Summer Olympics,
Speaker 6: like this brand that nobody believed in. So like that,
Speaker 6: that's to tell you, like, just be persistent from thirty
Speaker 6: believing yourself.
Speaker 3: From broke to thirty thousand cereos to thirty eight billion
Speaker 3: valuation in ten years.
Speaker 4: And anybody can do that. Yes, anybody can be a host.
Speaker 4: So it's like if you have space, like like anybody.
Speaker 3: It's it's disruptive idea. They disrupted the hotel industry, which
Speaker 3: was the same for one hundred years. So if you
Speaker 3: want to find the next big thing, see what hasn't
Speaker 3: been changed in the last hundred years and find a
Speaker 3: way to disrupt that.
Speaker 4: And look across, look across, like the people around you
Speaker 4: might be able to help you.
Speaker 5: Yep, right, that's another lesson.
Speaker 6: He reached out to his friend who was from the
Speaker 6: same design school. He reached out to another friend that
Speaker 6: was a web developer. That's how they got the site up.
Speaker 6: And then the person who gives them the seed money
Speaker 6: actually came from came from the Rye Island School of Design.
Speaker 6: He was like, wait, let me at least have a
Speaker 6: meeting with these guys since they came from our school.
Speaker 6: And that's how it starts. Man reach across.
Speaker 1: An illegal alien from Guatemala charged with raping a child
Speaker 1: in Massachusetts. An MS thirteen gang member from Al Salvador
Speaker 1: accused of murdering a Texas man of Venezuelan charged with
Speaker 1: filming and selling child pornography in Michigan. These are just
Speaker 1: some of the heinous migrant criminals caught because of President
Speaker 1: Donald J. Trump's leadership. I'm Christy Noman, the United States
Speaker 1: Secretary of Homeland Security under President Trump, attempted illegal border
Speaker 1: crossings are at the lowest levels ever recorded, and over
Speaker 1: one hundred thousand illegal aliens have been arrested. If you
Speaker 1: are here illegally, your next you will be fine nearly
Speaker 1: one thousand dollars a day, imprisoned, and deported. You will
Speaker 1: never return. But if you register using our CBP home
Speaker 1: app and leave now, you could be allowed to return legally.
Speaker 1: Do what's right. Leave now. Under President Trump America's laws,
Speaker 1: border and families.
Speaker 2: Will be protected. Sponsored by the United States Department of
Speaker 2: Homeland Security,