54:14How to Navigate the Upcoming Depression | My First Million Podcast | 03-24-2020
From My First Million · Published Jul 5, 2020 · Watch on YouTube
TL;DR
The hosts discuss the coronavirus-driven collapse in Airbnb’s revenue (50‑80% drop) and the ripple effect on hosts and housing supply, then analyze five Y Combinator batch companies: Kron (calendar), Art in Res (art installments), Carrot (influencer credit), Lilia (egg‑freezing lead gen), and Buffle (campus delivery).
Key insights
- Airbnb’s revenue dropped 50‑80% overnight; hosts who bought properties solely for Airbnb may default on mortgages or convert to long‑term rentals, which is causing normal rental listings to explode on
- Airbnb had $3B cash on hand and was profitable in 2018 and likely 2019, making it a relatively safe investment at its previous $30B valuation if you believe the downturn is temporary.
- Y Combinator’s current batch has a striking number of African‑ and Indian‑based startups, driven by CEO Michael Seibel’s roadshows; many are direct clones of successful US companies (e.g., “Flexport f
Want the full analysis - every claim cited to the second it was said?
This page only shows a teaser. Sign up to chat with the complete, cited breakdown of "How to Navigate the Upcoming Depression | My First Million Podcast | 03-24-2020".