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Since inception this lodging marketplace (note 1) has enabled 825 million guest stays in over 200 countries with a cumulative bookingvalue of more than $110 billion. Again looking at 2019 to make a pre-COVID assessment about any of these businesses and looking specifically at operating income (aka pretax) margins: Airbnb -10%.
But to build a scalable business you need more than just product-market fit. There’s more to your business’s success than how great your product is. There is a myth among first time tech founders that product is everything. Venkat Ramasamy leads operations, business development, sales and marketing functions at CodeLathe.
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