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Stuart McKeown
@thegyppo
Founder at , #bootstrapping + tea advocate. Enjoy making electronic music in my spare time: gleam.io/blog/stuart/
Melbourne, Australiagleam.ioJoined December 2008

Stuart McKeown’s Tweets

VC: we only want to invest in companies that can become profitable **1 year later** VC: great progress, can we invest? Company: we're profitable, so we don't need your money now VC: no, not like that
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Not sure if this is an indication as to how broken the property / rental market is in the US or actually a core contributor to it
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Soon, people weren’t just traveling on Airbnb, they were living on Airbnb. In 2021, around 20% of our nights booked were for stays of a month or longer, and nearly 50% for a week or longer
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My wife and I paid off our $500k mortgage in 2 years by doing the following: - Worked 9-5, saved aggressively - Cut our avocado toast and boozy brunches - Sold a startup for $10m in cash It’s that simple
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A couple paid off their $234,000 mortgage in 5 years and are on track to be millionaires in their 30s. Here are the savings and investment strategies they use. businessinsider.com/pay-off-debt-s
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This experience has really tarnished a company I once admired. COVID has obviously hurt their business and this is a policy mechanism to reduce losses, but you're going to lose customers like us head over first with experiences like this one.
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I'm pissed, naturally - that $3,000 could've been spent on the team, instead we got policy robbed without consequences. I could initiate a reversal but up to this point we've used AirBNB for every team retreat, I don't want to risk being banned.
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This policy btw also allows to still get their Service Fee from the booking whilst their customers are losing 100% of their booking costs with 0 repercussions. So naturally I left a review on the host warning others to make sure they read the cancellation policy.
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This policy essentially allows them to wipe their hands of any responsibility and enforce the cancellation policy of the host - as lockdowns are no longer "unforeseen". I'm sure most hosts are accommodating, but ours unfortunately wasn't. They refused us a refund.
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We'd booked a nice place in Melbourne for a team hack weekend from the 27th - 30th May, which cost ~$3,000. Melbourne was lockdown free for 7 odd months at this point so another coming up never crossed my mind.
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