This was VC Peter Thiel's one piece of advice to Airbnb after investing $150 million in the startup. Here's why he was right on.
This was a pretty great week. It may have had something to do with the fact that I got to walk along this beach at lunch, but mostly I think it was what I read in this Medium piece by Airbnb co-founder Brian Chesky. The story is actually a staff note he made public because he thought it might be helpful to other entrepreneurs.
That makes him a nice guy, but it's not what made my day. The following did; it's a conversation Chesky had with venture capitalist Peter Thiel:
Midway through the conversation, I asked him what was the single most important piece of advice he had for us. He replied, "Don't f@#k up the culture." This wasn't what we were expecting from someone who just gave us $150M. I asked him to elaborate on this. He said one of the reasons he invested in us was our culture. But he had a somewhat cynical view that it was practically inevitable once a company gets to a certain size to "f@#k it up."
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