Salim Ismail: Success in the Age of the Billion-Dollar Startup - The Accelerators - WSJ
Salim Ismail stashed this in SI or SU articles
Stashed in: Airbnb
Article referencing upcoming book...
I like how you said this:
If you look at Airbnb, which is digitally — and informationally — enabled, its costs of both supply and demand are trivial. The company has around 1,300 employees worldwide. It does not own its assets, but it operates 500,000 listings in 33,000 cities and is worth almost $14 billion. Because hosts add rooms (self-provisioned through the website), Airbnb’s cost of supply drops to zero and they can scale incredibly fast.
The metabolism of the economy has accelerated. In the past it took 20 years to create a billion-dollar business. Groupon did it in 18 months. We have entered the age of the billion-dollar startup (and soon the trillion-dollar corporation) where the best companies move seemingly at the speed of light.