Scott McGillivray Quotes

Airbnb is undervalued.

Airbnb started with 'air bed and breakfast.'

There's always room for an operator like Airbnb, but it's quite a different thing to my serviced apartments. Airbnb is a different market - it has nothing to do with me.

Airbnb's genius was moving into cities and recognizing that millennials would want to go and maybe spend a vacation or visit some friends in an urban center.

We've invented a new marketplace. There was no easy way to rent a person's bedroom over the Internet or book a vacation rental over the Internet. There was no guidebook for us to turn to as we defined this new marketplace.

There's this misconception globally that the platform is about property groups and big property owners renting out entire buildings full-time.

Well, another market is being created now out of Internet technology.

Five years ago, we thought of the Web as a new medium, not a new economy.

New online formats gutted the newspaper-ad business. Why pore over tiny print looking for a job in the want ads when you can tap a few keywords into monster.com, then click through and apply? Why pay a steep per-character rate for a classified when you can hawk a whole garage full of used stuff on EBay or Craigslist for free?

It used to be that you needed a $500-million-a-year company in order to reach a worldwide audience of consumers. Now, all you need is a Steam account. That changes a whole bunch of stuff. It's kind of a boring 'gee, information processing changes a stuff' story, but it's going to have an impact on every single company.

When the Internet first came into public use, it was hailed as a liberation from conformity, a floating world ruled by passion, creativity, innovation and freedom of information. When it was hijacked first by advertising and then by commerce, it seemed like it had been fully co-opted and brought into line with human greed and ambition.

If you look at the Internet, it's been hard for a lot of the traditional media companies to launch viable brands.

I think the key that makes Airbnb is the fact that we're a community, not just a series of commodities.

The P2P marketplace extends into other markets where individuals are monetizing underutilized assets. Lodging is one example. Instead of finding a hotel room, in the sharing economy you can rent a spare room from a local resident.

The Internet has meant that advertising has migrated; there are hardly any classifieds in newspapers any more because they're all online. If people have a car to sell, for example, they sell it online; they don't go to the newspaper.

I didn't come from a real estate background originally. I was going to school for business and was struggling to find a place to live because there weren't enough rental properties available to students.

Given Miami's unique role in Airbnb's roots, I'm particularly proud of how South Floridians have embraced home sharing as an opportunity to earn supplemental income and catalyze economic development in their communities.

Airbnb is a trusted online marketplace for people to list, discover, and book unique accommodations around the world. From a private room to a private island, we offer an entertaining and personal way for travelers to unlock local experiences and see their surroundings through the eyes of a local.

Airbnb was born out of necessarity. Our rent went up. It was born out of a problem.

With the communication internet, whole industries have been disrupted. You're in the publishing industry, you understand that. Before, we had newspapers, magazines - now you're on the web. I'm in book publishing. I don't have to tell you what's happened to us. Television has taken a hit. The music industry. But, thousands of new businesses have emerged on this new communication revolution platform. Not just Google, Facebook, and Twitter. There are thousands of operations. Businesses that are doing the platforms, the apps. They're mining the big data. They're creating the connections.

I've been in real estate for a long time and I always try to stay on the edge. I'm really excited about the partnership with Trulia because it's centered around technology and the various social engagements it lends itself to. This is real estate going forward with a mobile and social application. It fits my profile and perspective.

Managers will work for a salary. Entrepreneurs create new businesses. Many people have capital, but instead of making money for business they build houses for rent. It's easy money to collect rental.

A great property manager is key to success in real estate.

Digital advertising is now larger than TV.

The funny thing about Facebook and Twitter is, you can go on there and see what's going on in the world without watching the news. I get so much news off of social media. I think it's cool. It's changed everything, not just music. It's changed the world. It definitely is a good thing. I don't really know what I think of it yet more than that. I haven't really sorted that out for myself.