To what degree do you think government regulations threaten Airbnb’s continual growth? Do you think the company will be able to generate sufficient profits from new initiatives, like Experiences, to offset profits lost to stricter regulations?

It all started because two aspiring designers needed money to pay their rent. It was October 2007, and Brian Chesky and Joe Gebbia were sharing an apartment in San Francisco. There was an international design conference coming to town. The two noticed that on the conference’s website, all the hotels that were listed were sold out. The thought occurred to them that they could make money by renting out space in their apartment to people attending the conference.