Airbnb at this price more than pays for every other initial investment Y Combinator has ever made. All the rest (Stripe, Cruise, Coinbase, Doordash, Instacart, Reddit, Dropbox, Twitch, Gusto) is gravy.
Even when you know about this phenomenon, it's hard to take the corresponding amount of risk. http://paulgraham.com/swan.html
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Going to have a glass of champagne today? Congrats!
Thanks. Twitter will use this to make your timeline better. UndoUndo
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What do you recommend for Joe retail investor?
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Index funds.
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Wow, I didn't realize till I reread that just now, but I actually end that essay talking about funding Airbnb.
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You wizard you.
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