When we started Airbnb, no one wanted to invest. I felt like a failure so many days. It was small, it wasn't growing... A sane person probably would have quit. But we kept going through obscurity, through rejection. We couldn't raise money — but over time, it started growing.
How has a failure, or apparent failure, set you up for later success? Do you have a favourite failure?
Question
What is one of the best or most worthwhile investments you have ever made — of money, time, or energy?
Money & investment
But in 2007, the music stopped. We had lost sight of our shared purpose and our guiding principles, in which growth and success began to cover up mistakes and a disease set into Starbucks. That disease, hubris. We lost our way and believe it or not, we almost lost the entire company.
Arizona State University commencement, Speakola, 2017 source ↗
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Brian Chesky
Co-founder and chief executive of Airbnb
Christiane Nüsslein-Volhard
Developmental biologist; Nobel laureate in Physiology or Medicine, 1995
As I was lazy and rarely did my homework, I finished high school with a rather mediocre exam. I almost did not pass in English language. Recently, my previous teachers allowed me to see their report on my high school performances, which included the following statements: Despite the fact that her talents are rather equally spread among many areas of knowledge, her performances are rather different depending on the distribution of her interests. Thus, with her strong display of self will she can be decidedly lazy in some topics over years, while in her areas of interests she performs to a degree far extending that required for normal school purposes.
Recorded
Laureate-written autobiography for Les Prix Nobel, Nobel Prize Outreach, 1 December 1995
source ↗
Elinor Ostrom
Political economist; laureate of the Sveriges Riksbank Prize in Economic Sciences, 2009
Yes. Having lived through an era, where I was thinking of going to graduate school and was strongly discouraged because I would never be able to do anything but teach in a city college … Ah ha ha, life has changed!
Recorded
Adam Smith, Telephone interview recorded immediately after the prize announcement, Nobel Prize Outreach, 12 October 2009
source ↗
Mohamed ElBaradei
Director General of the International Atomic Energy Agency, 1997-2009; Nobel Peace Prize 2005
Unfortunately, in the case of Iraq, I believe we could have done that through an inspection process. I was calling for a few months more to complete our work. We hadn’t seen indications of weapons of mass destruction. We hadn’t seen indications of nuclear weapons. ... Unfortunately, it didn’t work that way. There was faulty intelligence. There were lots of other considerations that made a decision to go to war tempting, to get rid of Saddam Hussein.
More from Howard Schultz
View profile →But from day one, I really wanted to build the kind of company my father never got a chance to work for. A company that honors and respects the dignity of work and the dignity of all men and all women. And that is why we became the first company in all of America to provide comprehensive health insurance 30 years ahead of the affordable care act, as well as ownership in the form of stock options for all of our employees, including part-time people because it is my firm belief that success in business and in life is best when it's shared.
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