so welcome back to hippo Joe right before we took a break you asked me for
before we took a break you asked me for
before we took a break you asked me for some examples of cases where the CEO
some examples of cases where the CEO
some examples of cases where the CEO maybe didn’t act so morally correct and
maybe didn’t act so morally correct and
maybe didn’t act so morally correct and basically blamed his VC on the board not
basically blamed his VC on the board not
basically blamed his VC on the board not saying that this was the case but take
saying that this was the case but take
saying that this was the case but take Airbnb right so are you familiar with
Airbnb right so are you familiar with
Airbnb right so are you familiar with Airbnb yeah absolutely it is it is you
Airbnb yeah absolutely it is it is you
Airbnb yeah absolutely it is it is you know the site where you can pretty much
know the site where you can pretty much
know the site where you can pretty much go with lease properties online to
go with lease properties online to
go with lease properties online to complete strangers and recently they had
complete strangers and recently they had
complete strangers and recently they had a problem with someone who let out her
a problem with someone who let out her
a problem with someone who let out her apartment came home found it completely
apartment came home found it completely
apartment came home found it completely trashed vandalized they turned replace
trashed vandalized they turned replace
trashed vandalized they turned replace into a toilet basically so I’ve used
into a toilet basically so I’ve used
into a toilet basically so I’ve used Airbnb and I think the first time I came
Airbnb and I think the first time I came
Airbnb and I think the first time I came across it I was like genius idea now the
across it I was like genius idea now the
across it I was like genius idea now the thing that’s tricky is one time I
thing that’s tricky is one time I
thing that’s tricky is one time I realized that I was basically subleasing
realized that I was basically subleasing
realized that I was basically subleasing from someone who themselves was
from someone who themselves was
from someone who themselves was subleasing so the owner well the owner
subleasing so the owner well the owner
subleasing so the owner well the owner found out and basically told me it’s not
found out and basically told me it’s not
found out and basically told me it’s not legal she didn’t threaten to kick us out
legal she didn’t threaten to kick us out
legal she didn’t threaten to kick us out but you know between being there with a
but you know between being there with a
but you know between being there with a wife and a young daughter I did sort of
wife and a young daughter I did sort of
wife and a young daughter I did sort of hesitate to use it in the future but I
hesitate to use it in the future but I
hesitate to use it in the future but I still think it’s a good service now
still think it’s a good service now
still think it’s a good service now getting back to the story is this when
getting back to the story is this when
getting back to the story is this when this story first broke out Airbnb didn’t
this story first broke out Airbnb didn’t
this story first broke out Airbnb didn’t comment on it publicly a month later
comment on it publicly a month later
comment on it publicly a month later basically the victim the alleged victim
basically the victim the alleged victim
basically the victim the alleged victim came out and basically more or less
came out and basically more or less
came out and basically more or less blasted Airbnb and then Airbnb sort of
blasted Airbnb and then Airbnb sort of
blasted Airbnb and then Airbnb sort of went out and wrote a blog post and it
went out and wrote a blog post and it
went out and wrote a blog post and it was a lot of black back and forth and
was a lot of black back and forth and
was a lot of black back and forth and even the VCS came out you know great guy
even the VCS came out you know great guy
even the VCS came out you know great guy the you know the guy behind y combinator
the you know the guy behind y combinator
the you know the guy behind y combinator but a lot of people thought well he was
but a lot of people thought well he was
but a lot of people thought well he was being disingenuous because you know he’s
being disingenuous because you know he’s
being disingenuous because you know he’s got his investment there so do you think
got his investment there so do you think
got his investment there so do you think that that happens like if you work at a
that that happens like if you work at a
that that happens like if you work at a company and the boss has outside
company and the boss has outside
company and the boss has outside investors do you find that it’s easier
investors do you find that it’s easier
investors do you find that it’s easier to just blame the investors and say hey
to just blame the investors and say hey
to just blame the investors and say hey sorry I gotta lay off twenty percent of
sorry I gotta lay off twenty percent of
sorry I gotta lay off twenty percent of the staff the VC made you do it well I
the staff the VC made you do it well I
the staff the VC made you do it well I think in the moment I think it’s easier
think in the moment I think it’s easier
think in the moment I think it’s easier blame investors internally where it’s
blame investors internally where it’s
blame investors internally where it’s not going to get back to them but yeah I
not going to get back to them but yeah I
not going to get back to them but yeah I think it’s difficult to blame them
think it’s difficult to blame them
think it’s difficult to blame them publicly because if you’re that worried
publicly because if you’re that worried
publicly because if you’re that worried about them that you’re making bad
about them that you’re making bad
about them that you’re making bad decisions just to keep them happy why
decisions just to keep them happy why
decisions just to keep them happy why would you publicly piss them off can you
would you publicly piss them off can you
would you publicly piss them off can you imagine why anyone might do that well I
imagine why anyone might do that well I
imagine why anyone might do that well I don’t know I just think it’s more that
don’t know I just think it’s more that
don’t know I just think it’s more that if you don’t have that outside you know
if you don’t have that outside you know
if you don’t have that outside you know the requirements that a vc has you can’t
the requirements that a vc has you can’t
the requirements that a vc has you can’t walk in and tell your employees or your
walk in and tell your employees or your
walk in and tell your employees or your clients something like you know let’s
clients something like you know let’s
clients something like you know let’s say all we got to charge more the
say all we got to charge more the
say all we got to charge more the clients like well you’re making this
clients like well you’re making this
clients like well you’re making this decision if you lay someone off you
decision if you lay someone off you
decision if you lay someone off you can’t just blame you know an outside
can’t just blame you know an outside
can’t just blame you know an outside force you know okay um well have you
force you know okay um well have you
force you know okay um well have you ever taken venture capital from anyone
ever taken venture capital from anyone
ever taken venture capital from anyone no partly because they make you do
no partly because they make you do
no partly because they make you do things that you don’t think are in the
things that you don’t think are in the
things that you don’t think are in the best interest of the company for like
best interest of the company for like
best interest of the company for like the short period and the
the short period and the
the short period and the long term as well that’s the main reason
long term as well that’s the main reason
long term as well that’s the main reason it’s just so you think as far as
it’s just so you think as far as
it’s just so you think as far as startups go at least for the first few
startups go at least for the first few
startups go at least for the first few years whether they can get money or not
years whether they can get money or not
years whether they can get money or not they should really focus on developing
they should really focus on developing
they should really focus on developing their product or their service rather
their product or their service rather
their product or their service rather than no no not necessarily I think
than no no not necessarily I think
than no no not necessarily I think that’s the another argument I think it’s
that’s the another argument I think it’s
that’s the another argument I think it’s if you’re going to find investors that
if you’re going to find investors that
if you’re going to find investors that know the industry and who are reasonable
know the industry and who are reasonable
know the industry and who are reasonable people then you should do business with
people then you should do business with
people then you should do business with them because they’ll help you the
them because they’ll help you the
them because they’ll help you the problem is oftentimes I don’t think
problem is oftentimes I don’t think
problem is oftentimes I don’t think these seas make investments in companies
these seas make investments in companies
these seas make investments in companies based on where they want to invest they
based on where they want to invest they
based on where they want to invest they make investments based on which
make investments based on which
make investments based on which entrepreneurs going to give me what I
entrepreneurs going to give me what I
entrepreneurs going to give me what I want so in that sense it’s almost like
want so in that sense it’s almost like
want so in that sense it’s almost like you know it’s it’s a recipe doomed for
you know it’s it’s a recipe doomed for
you know it’s it’s a recipe doomed for failure so to speak we have to shift
failure so to speak we have to shift
failure so to speak we have to shift gears and move on to lightning round but
gears and move on to lightning round but
gears and move on to lightning round but staying on the Airbnb topic question one
staying on the Airbnb topic question one
staying on the Airbnb topic question one right in five years a craigslist will
right in five years a craigslist will
right in five years a craigslist will have crushed Airbnb or B Airbnb will
have crushed Airbnb or B Airbnb will
have crushed Airbnb or B Airbnb will have crushed craigslist social media
have crushed craigslist social media
have crushed craigslist social media douchebag response co optician I think
douchebag response co optician I think
douchebag response co optician I think Airbnb may or may not be around if it
Airbnb may or may not be around if it
Airbnb may or may not be around if it continues to it will eat slightly into
continues to it will eat slightly into
continues to it will eat slightly into Craigslist’s market share as far as
Craigslist’s market share as far as
Craigslist’s market share as far as property lease and goes but let’s face
property lease and goes but let’s face
property lease and goes but let’s face it use craigslist for a lot of other
it use craigslist for a lot of other
it use craigslist for a lot of other things like sex and second hand
things like sex and second hand
things like sex and second hand furniture it’s good to know a question
furniture it’s good to know a question
furniture it’s good to know a question too if you start a company tomorrow do
too if you start a company tomorrow do
too if you start a company tomorrow do you raise capital or do you bootstrap
you raise capital or do you bootstrap
you raise capital or do you bootstrap I’d bootstrap at least for the first
I’d bootstrap at least for the first
I’d bootstrap at least for the first year or two and then see how things were
year or two and then see how things were
year or two and then see how things were going and how badly I needed money and
going and how badly I needed money and
going and how badly I needed money and like you said which VCS would be willing
like you said which VCS would be willing
like you said which VCS would be willing to give me something that I wanted so I
to give me something that I wanted so I
to give me something that I wanted so I wouldn’t have to hand over complete
wouldn’t have to hand over complete
wouldn’t have to hand over complete control we’re not talking about sex
control we’re not talking about sex
control we’re not talking about sex anymore I hope she’s checking okay
anymore I hope she’s checking okay
anymore I hope she’s checking okay question 3 it this week on watchmojo
question 3 it this week on watchmojo
question 3 it this week on watchmojo yeah this this week on watchmojo we
yeah this this week on watchmojo we
yeah this this week on watchmojo we published a couple of profiles on Steve
published a couple of profiles on Steve
published a couple of profiles on Steve Jobs and Mark Zuckerberg learnt a lot i
Jobs and Mark Zuckerberg learnt a lot i
Jobs and Mark Zuckerberg learnt a lot i must say now my question to you is if
must say now my question to you is if
must say now my question to you is if you had to be one of those two guys for
you had to be one of those two guys for
you had to be one of those two guys for a week which one would you pick Mark
a week which one would you pick Mark
a week which one would you pick Mark Zuckerberg or Steve Jobs i think i would
Zuckerberg or Steve Jobs i think i would
Zuckerberg or Steve Jobs i think i would pick mark zuckerberg one as powerful and
pick mark zuckerberg one as powerful and
pick mark zuckerberg one as powerful and everything is Steve Jobs is I’m sure
everything is Steve Jobs is I’m sure
everything is Steve Jobs is I’m sure Mark Zuckerberg gets laid a lot more
Mark Zuckerberg gets laid a lot more
Mark Zuckerberg gets laid a lot more more importantly I think the company
more importantly I think the company
more importantly I think the company probably has a lot of ties into the
probably has a lot of ties into the
probably has a lot of ties into the intelligence community kind of like
intelligence community kind of like
intelligence community kind of like Google might and I’d love a first-hand
Google might and I’d love a first-hand
Google might and I’d love a first-hand glimpse at what they got going on that
glimpse at what they got going on that
glimpse at what they got going on that was pretty random but okay so good stuff
was pretty random but okay so good stuff
was pretty random but okay so good stuff if you have any questions that was the
if you have any questions that was the
if you have any questions that was the first show feel free to email us your
first show feel free to email us your
first show feel free to email us your feedback your comments or suggestions
feedback your comments or suggestions
feedback your comments or suggestions that live at watchmojo.com thanks et
that live at watchmojo.com thanks et
that live at watchmojo.com thanks et thanks ash
thanks ash
thanks ash you
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