Speaker unverified: belief

Transcript context

…Interesting. Well, I feel like this is still on the marketplaces tech themes, I'm going to take some more air time. Let’s come back to Airbnb now and then HomeAway and others. To my mind, what they and Airbnb far more successfully than anyone else has done is taken this marketplace innovation and unlocked just a huge new amount of supply with it and brought many of the advantages that we were talking about earlier in the show that were I think mostly enjoyed by the demand side by consumers and the OTA model, as you were saying, even with the agency model, a lot of supply is like “ugh”, mixed feelings at best about it. But Airbnb has brought this innovation to a whole new set of supply as well where if I own a home that has an extra bedroom, I'm just thrilled that Airbnb gets me an extra thousand dollars a month, right? Totally. I think that's Airbnb’s real innovations category. It's just amazing about that business. But to me, the thing that's truly distinguishing about it is the way they created this whole new class supply, and supply that was really exciting. Like if I go stay in New York, I’d much rather stay in a cool apartment in the East Village. Than the $900 night.…

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