David Rosenthal: belief

Transcript context

…David, I texted you, let's not go too much into this story because everybody already knows it. There's so much more to talk about in recent Airbnb history. As I went back and read the email exchange between Fred Wilson and Paul Graham, and then I read Fred Wilson's blog post talking about how they passed, I actually realized I had the story wrong. I didn't realize that the Airbnb guys made up Obama O's and Cap'n McCain's. I thought what they did was they went out and bought a bunch of them and then when the store ran out, they resold them. I didn't realize they took Cheerios and just made their own cereals. Yeah. It's pretty crazy. I think that's the thing, everybody knows this happened, but the actual story was they didn't have any money. They're still trying to basically make their rent on the Rausch street apartment in SoMa. They had this middle-of-the-night crazy idea of let's go make some boxes, pour Cheerios into them, and sell them. It’s a limited edition. It's a totally amazing, heads I win, tails you lose situation because you have food no matter what. It's like being in a casino. You don't care which side wins because you get food either way.…

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