Tag Archive: Airbnb


“A million dollars isn’t cool. Do you know what is cool? A billion dollars,” – Justin Timberlake playing the role of Napster founder Sean Parker in The Social Networkseanparker

There are problems in America, and much of those aren’t about the sharing economy. Income inequality is rising, and the middle class isn’t better off than they were a decade ago. We don’t need government investment, and we can provide a solution.” – Brian Chesky, Airbnb co-founder to USA Today

We all have a choice: We can either hate or we can celebrate.

We can resist change and inevitably fail or we can embrace the future.

There are very few that make it to the vaunted three comma club, those with 10 or even 11 figures as their cumulative assets. Nobody has made it to the 12-figure mark … yet.

There are oodles of millionaires, but reaching the billionaire or the three comma club as Justin Timberlake as Sean Parker ($2.6 billion) offered to Facebook’s Mark Zuckerberg ($33.4 billion) is quite a different story.

Some may try to dismiss the select membership of the three-comma club, contending the majority of the wealth was inherited and thus represents just another indicator of income inequality. This contention for the most part is not correct.

For the vast majority of billionaires, as opposed to mere millionaires or multi-millionaires, the difference lies with what Harvard Business Professor Clayton Christensen proclaims as “disruptive technologies.”

Under Christensen’s theory, existing corporations usually have the edge when it comes to sustaining innovations (e.g., one generation to the next generation; one model to the next model). When it comes to “disrupting innovation,” the advantage lies in the hands of new entrants/first movers into the marketplace. That is where we typically find new members of the three comma club.

Taking a gander at the Forbes annual list of billionaires, one finds Bill Gates in first place at $79.2 billion. Were Bill Gates and Paul Allen ($17.5 billion) game changers? The question almost seems silly. Microsoft became THE software side to the PC equation with its novel Windows operating system and its Word-PowerPoint-Excel business suite. Intel (e.g., Gordon Moore, $6.9 billion) provided the other half of the Wintel monopoly with its Pentium processors.windows10

Joining the celebrated three comma club is an incredibly difficult proposition. For the most part, it means the new member came up with a novel idea that changed not only the rules of the game, but society itself.

Jeff Bezos at $34.8 billion was the driver behind first-mover, digital-retailer Amazon, which transformed the way the world shopped with its long-tail strategy (e.g., 99 percent of all of Amazon’s inventory is sold at least once a year to at least one grateful consumer). Jack Ma of China’s Alibaba ($22.7 billion) is attempting to do the same as 400 million of the Middle Kingdoms’ population moves up into the middle class.

Mark Zuckerberg ($33.4 billion), the subject of the aforementioned The Social Network, invented Facebook in his Harvard Kirkland H-33 dorm room just 11 years/1.4 billion subscribers ago. Facebook has changed how we instantaneously transmit to friends and family the exciting (or not so exciting) developments in our daily lives.

Google co-founders and former Stanford students Larry Page ($29.7 billion) and Sergey Brin ($29.2 billion) pioneered the world’s dominant search engine, another first-mover victory, as well as the Android operating system for mobile devices.google1

Elon Musk (a mere $12 billion) is attempting to make climate change neutral electric cars a reality for the middle class with his publicly traded Tesla. And if that was not enough, his privately held SpaceX is delivering payloads into orbit for NASA.

Disruptive Technologies

“Change is the law of life and those who look only to the past or present are certain to miss the future.” – John F. Kennedy

It’s not the progress I mind, it’s the change I don’t like,” – Mark Twain

Are there those out of sheer jealously, who don’t like reading or hearing about billionaires? Yes indeed. Do some people rationalize these monetary gains as being ill-acquired? Yes again. And then there is the disruptive part of the equation.uber

There are those with mobile devices with time on their hands and cars that can be put to work. Hello Uber and its $50 billion in market valuation. And who is negatively impacted? The cab industry and their drivers, who would be well advised to be fairer and nicer to their riders.

And there are those with mobile devices with houses and rooms to rent, reaching out to those around the world, who just want to couch-surf. Hello Airbnb and its $25 billion in market valuation. And who is negatively impacted? The hotel and motel industry, which soon will be facing downward pressure on its pricing model as a result of expanding supply.Airbnb

For Uber, Airbnb and other privately held “unicorns” (i.e., Snapchat, Pinterest, Dropbox), they are forcing change onto those who do not want to change. The forces of inertia have powerful allies (e.g., New York Attorney General Eric Schneiderman). These change agents need effective public relations, marketing and branding to help the on-demand economy to succeed and for society to advance.

Let the storming of the barricades continue.

http://www.usatoday.com/story/tech/2015/08/19/airbnb-ceo-brian-chesky-change-agents-company-targets-new-growth-opportunities/31888851/

http://fortune.com/brian-chesky-airbnb/

http://www.forbes.com/billionaires/list/3/#version:static

https://almostdailybrett.wordpress.com/2015/07/22/attacking-uber/

https://almostdailybrett.wordpress.com/2015/06/14/war-on-wall-street/

https://en.wikipedia.org/wiki/Sean_Parker

http://www.claytonchristensen.com/key-concepts/

https://almostdailybrett.wordpress.com/2012/01/16/in-search-of-another-suite-h33-kirkland-house/

 

 

 

 

“For some ten years I have kept a journal more or less regularly as a vehicle for adjusting my own perspective. I’ve found it a convenient way of stepping back occasionally to see what forms and shades my sometimes hectic activities were leaving on the canvas of my life.” – Former New York Governor Mario Cuomo (1932-2015)cuomo

Seems so simple, and for more than just a few … terrifying.

Just write every day for 15 minutes a day, every day.

That was the advice to post-graduate students by University of Oregon School of Journalism and Communication, Department of Women’s and Gender Studies, Professor Carol Stabile.

Good advice from my former across the cul-de-sac neighbor.stabile

Sorry to say, we are not talking about cumulative texting every day for four hours or more … With all due respect from the author of Almost DailyBrett that is not writing. LOL, SOL, BTW, BRB, JK, FOMO and the timeless WTF do not and will never constitute written expression or even coming close to contributing to the canvas of life.

Instead, we are discussing the practice of actually sitting down each and every day and writing for 15 minutes or longer.

Why would we want to do that? How about to improve our writing and thinking abilities?

Here’s the key question: What should you write about?

If you are asking that particular question, it may point to another issue: You may not be reading enough.

Yes in order to write; you need to read and read and read …

Canvas of Life

“An astrologist sent me a horoscope that said I was going to die on election day. I don’t know if she meant literally or figuratively. Just in case she means it literally, I think I’ll vote early.” – Cuomo diary on 1982 general election eve

Cuomo’s diaries of his difficult 1982 Democratic primary against NYC mayor Edward Koch and general election campaign for the governorship of New York were a hit in the mid-1980s.

Considering that my boss (e.g., Governor George Deukmejian) went through a similar process in the same year, just from the other side of the aisle, and across the country in California drew me to Cuomo’s diaries.

Cuomo wrote in the pre-dawn hours before heading out for a full-and-frantic day of politicking. Guess there are some not requiring the standard eight-hours of sleep that mumsy recommended.

The former New York governor used the old-fashioned pen and journal for his diaries, reflecting the historical fact the IBM PC had just been invented. Today, we will most likely opt for a lap top or tablet to write … even though pen and paper still works in this digital age. Heck Moses used his own tablets thousands of years ago.

There is so much happening in the world to write about, more good than bad. Yep, your author has been accused of being a Pollyanna.unicorn

The Economist just this week wrote about “Unicorns.” Yep, those highly capitalized and inventive, privately held companies with valuations exceeding $1 billion that are in no hurry to take their shares public … Uber, Airbnb, SpaceX, Pinterest, Dropbox, Snapchat …

Some lament the gyrations of Wall Street; sometimes the market is overbought and sometimes it is oversold … the choppy trend line is upward to the right.

Almost DailyBrett wrote about the Silly Season of politics, essentially recommending not getting one’s knickers in a twist about the bloviations of Donald Trump or Bernie Sanders. Believe it or not, the political process has a way of moderating itself.

Summer is upon us (at least in the Northern Hemisphere) and it is a magical time of Urlaub that wundervolle Zeit for vacationing, exploring and sampling yummy wines and refreshing microbrews. Ahh … Gemütlichkeit … Le Dolce Vida.

Soon the days will grow shorter, the air will become cooler and the leaves will start to change colors, it will be that magical time: college football season. There is something about the pageantry of the fall spectacle that serves as a rebirth and pleasant thoughts of another New Year’s Day In Pasadena.

Please excuse my bout of positive vibrations. Yes Almost DailyBrett recognizes there is and will always be the cup half-empty portion of the world. This blog is indeed pragmatic and recognizes it is much more difficult to be always positive, than the latter.

Go away Gloomy Gus and Negative Nancy.

The point is this: The Canvas of Life has so much to read about and more importantly to write about.

Sit down for your 15 minutes and write to your heart’s content. And if you are brave enough, publish your journal. The digital ones-and-zeroes of binary code will enable your self-publishing.

It only takes 15 minutes each day, every day.

http://wgs.uoregon.edu/profile/cstabile/

https://cstabile.wordpress.com/

http://www.cnn.com/2015/01/01/us/mario-cuomo-dies-new-york-governor/

http://www.nytimes.com/2015/01/02/nyregion/mario-cuomo-new-york-governor-and-liberal-beacon-dies-at-82.html?_r=0

http://www.economist.com/news/leaders/21659745-silicon-valley-should-be-celebrated-its-insularity-risks-backlash-empire-geeks

https://almostdailybrett.wordpress.com/2015/07/12/the-silly-season/

 

 

 

 

“This on-demand or so-called gig economy is creating exciting opportunities and unleashing innovation, but it’s also raising hard questions about workplace protections and what a good job will look like in the future.” – Hillary Clinton, July 13, 2015

“Big government liberals fundamentally can’t embrace digital innovation because it threatens the way they govern. They see car-sharing services as a threat to the local government taxi cab cartels. They see food trucks and Airbnb as a threat to urban planning and the tax and fee racket that they’ve imposed on brick and mortar restaurants and hotels.” – Jeb Bush, July 16, 2015 jebuber

How come one of the hottest IPO candidates, $50 billion estimated market-value Uber, has suddenly become a political piñata?

Maybe we should give privately held “unicorn” Uber a break? The company has not even commenced its roadshow to sell shares of Uber to the public, and yet it is caught in the middle of partisan crossfire.

Hillary didn’t even mention Uber and its $1 billion in annual revenues by name; she didn’t need too. Three days later, Jeb purposefully rode Uber around San Francisco to check out start-up Thumbtack, an on-demand provider via mobile technology for those looking for professionals from interior designers to dog walkers. Don’t worry: Jeb will not carry San Francisco, if he is the Republican nominee.uberphones

As The Economist described the issue here is the on-demand economy matching people with money and no time with people with time and no money. This is also a question of consumer choice between a cab and a private driver at a similar or even lower price. This is a question of deciding between a relatively expensive restaurant or a line of tempting food trucks (e.g., downtown Portland, Oregon), each specializing a particular cuisine for a reduced price. This is also the question of whether to stay in a standard hotel or motel or accessing Airbnb to find a guest room.

For the service provider, she or he can do the work they want, when they want to do it. The on-demand economy allows them to monetize an unused/underused asset (i.e., car, extra room, cooking talent). Does the on-demand economy make music for everyone? No, but conceivably it works for students wanting to supplement their income, young mothers needing a part-time job or the semi-retired wanting to re-engage in the marketplace and make some legal tender on the side.

The unifying characteristic of the on-demand economy is the ubiquitous smart phone used by 2 billion around the globe now, and expected to reach 4 billion users by the end of this decade or a brilliant device for more than half of the planet.

Translated: Potential customers with smart phones summon on-demand service they want, when they want it. They need a ride; they contact Uber or Lyft or Sidecar. Uber, a 2009 privately held start-up (now in 53 countries around the world), does the rest. Want a doctor within two hours, click on Medicast. Need a lawyer? Axiom is at your service. How about a contractor for a remodel? The Handy app is easy to find.

Uber: Net Plus or Net Minus? 

“Uber, a perfect example of how a disruptive technology can improve a formerly noncompetitive market, serves a real need in cities where taxis have taken advantage of riders for years.” – Washington Post lead editorial, July 20, 2015cabdriver

“Bashing Uber has become an industry in its own right; in some circles, though, applying its business model to any other service imaginable is even more popular.” – The Economist, There’s an app for that, January 3, 2015

Despite the positive features of this winning destructive technology, there are those in Washington D.C. and other bastions of the static quo that are threatened. According to The Economist, the number of temporary workers has doubled from 1.0 million to 2.0 million in the past 15 years, while private sector union membership has plunged from 12 percent in 1990 to about 6 percent now.

And there lies the rub for Hillary. Unions for obvious reasons are not thrilled with Uber and its on-demand economy, business-model followers. At the same time, Uber and its ilk appeal to Millennials, who realize the old rules don’t apply. They instinctively know this by examining the literally millions of desultory SOL Baby Boomers, who cannot or will not think out of the box.

The business model of the rust-belt factory with its long-term employment followed by a guaranteed company pension is broken. There is a life-and-death struggle underway between education and technology. What is needed to compete in the 21st Century economy is educational know-how/smarts to keep up and make technology your friend.

There are those who have services to provide and skills to offer and they use mobile technology to participate in the on-demand economy. There are an equal amount of consumers who want alternatives. On-demand companies do not offer perfection, but they do provide choices.

One of the two major parties will be pro-choice when it comes to destructive technologies, exploring and opening up new employment opportunities, particularly those with a young outlook on life. The other will look to the power of Big Brother to fight-off the relentless power of ones and zeroes of binary code.

When it comes to relentless destructive technologies: You can run, but you can’t hide.

https://www.linkedin.com/pulse/disrupting-washington-unleash-innovators-jeb-bush

http://www.washingtonpost.com/politics/clinton-calls-for-growth-and-fairness-economy-vows-wall-street-crackdown/2015/07/13/15d42d18-296b-11e5-a5ea-cf74396e59ec_story.html

http://www.washingtonpost.com/opinions/the-uber-debate/2015/07/19/8f2623ba-2cae-11e5-a250-42bd812efc09_story.html?wpisrc=nl_opinions&wpmm=1

http://www.washingtonpost.com/blogs/plum-line/wp/2015/07/17/jeb-bush-wants-to-be-the-uber-candidate-heres-the-problem-with-that/

http://www.nytimes.com/2015/07/10/business/an-uber-ipo-looms-and-suddenly-bankers-are-using-uber-coincidence.html?_r=0

https://almostdailybrett.wordpress.com/2015/07/06/the-worst-generation/

http://www.politico.com/agenda/story/2015/07/uber-vs-laws-000172?hp=b1_c1

http://www.wsj.com/articles/uber-1-progressives-0-1437607639

 

 

 

 

 

 

 

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