Airbnb looked like a doofy hipster thing to hotels for a very long time. And then, when it was too late, they realized that it wasn’t a toy at all.

I always thought Airbnb was an awful idea. I didn't pay attention to it for a long time, except to be surprised it was still around when I would see it mentioned. I'm sure the big hotel companies feel worse about that mentality than I do, though it's probably a good thing I'm not a venture capitalist.