I love this twitter thread showing the back-and-forth emails between famed investors Paul Graham and Fred Wilson in 2009 about AirBnb.
What I love is Graham’s fierce conviction that AirBnb could become a massive marketplace that competes with hotels, and how persistent he is on selling the idea to Wilson.
I also chuckled when I saw Graham wrote, “There’s no reason this couldn’t be as big as Ebay.”
AirBnb is now worth 2.5 eBays, at $106b and $42b market cap respectively.
Finally, Wilson is known for making many good bets, but the thread also shows that even the best make mistakes.
P.S. I really enjoy reading Graham’s essays, and reading Wilson’s blog posts!