Brian Chesky, cofounder of Airbnb, discussed the challenges of fundraising for entrepreneurs in a tough economy during an episode of Michelle Obama's podcast. He emphasized that while a stable economy is necessary, economic downturns can instill vital discipline in company culture. Reflecting on his own experiences founding Airbnb during the 2008 financial crisis, he noted that such circumstances often lead to the creation of resilient, resourceful businesses. Despite current fundraising challenges, he remains optimistic about the potential for innovative entrepreneurship in adverse times.
A tough economy teaches you a discipline that gets institutionalized into your culture.
A lot of great companies have been started in a recession.
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