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Atmrix

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BS

Blake Scholl

02/15/25

@ Y Combinator

Concord's high ticket prices and low occupancy rates made its economics unviable.

Video

YC

How Blake Scholl Built The First Independent Supersonic Jet

@ Y Combinator

How Blake Scholl Built The First Independent Supersonic Jet

02/15/25

Related Takeaways

BS

Blake Scholl

02/15/25

@ Y Combinator

The reason Concord failed was not due to technology, but economics.

DC

Dalton Caldwell

01/20/22

@ Y Combinator

VRBO charged hosts to list their properties, which hindered their ability to attract a large inventory of listings, a critical factor for success in the market.

AP

Avni Patel Thompson

01/31/19

@ Y Combinator

Even though we had a solid growth rate, it wasn't enough to sustain the business, leading me to consider shutting it down.

DP

Daniel Priestley

05/27/25

@ Chris Williamson

High volume, low value businesses, like food and drink, are often dead ends for entrepreneurs due to scalability issues and high operational costs.

DC

Dalton Caldwell

01/20/22

@ Y Combinator

Airbnb's founders initially launched the service to solve their own financial problem of making rent during a major conference in San Francisco.

RZ

Rujul Zaparde

01/09/25

@ Y Combinator

Starting a business with low margins creates a negative feedback loop, making it harder to raise funds and sustain operations, as seen with FlightCar's struggles during its early days.

DC

Dalton Caldwell

01/20/22

@ Y Combinator

The rise of Airbnb coincided with the economic downturn, prompting many individuals to seek ways to monetize their properties for extra income.

DC

Dalton Caldwell

01/20/22

@ Y Combinator

The existing platforms like VRBO and Craigslist failed to facilitate payments, creating friction in transactions between hosts and guests.

AP

Avni Patel Thompson

01/31/19

@ Y Combinator

The decision to shut down was influenced by the realization that our initial hypothesis about the business model wasn't panning out as expected.