Right before they were about to IPO, Covid hit, and Brian Chesky saw Airbnb lose 80% of its business in 8 weeks. “Andy Grove from Intel once said, ‘bad companies are destroyed by a crisis. Good companies survive a crisis. But great companies are defined by a crisis.’” “It was very bad. We went from the hottest IPO since Uber, to a respected journalist asking, ‘Is this the end of Airbnb?’” “I said — this is gonna be our defining moment. And I now have a blueprint.” “We're gonna be this really lean, elite organization, where not only am I in the details, we're all in the details.” “And by all being in the details, it's like having one shared consciousness. It was the best thing we ever did. We made these changes and, in a way, never looked back.” @bchesky on @FortuneMagazine