CEO Diaries: Airbnb’s Founder Brian Chesky on Brutal Rejection, Great Leadership, and The Biggest Mistake Founders Make!
1. Design Culture Intentionally
Actively design your desired company culture rather than letting it evolve randomly, as an intentional culture is the foundational engine for all future innovation and development.
2. Shape Culture Like a Gardener
Leaders must actively design culture by leading through daily example, constantly observing, shaping, and pruning behaviors and processes, much like a gardener, to align with their desired vision.
3. Embed Standards for Self-Sustaining Culture
Consistently uphold and communicate high standards until they are internalized by your team, transforming management oversight into a self-sustaining culture where desired actions occur even in your absence.
4. Leaders’ Actions Define Culture
Recognize that culture is primarily defined by the consistent behaviors of leaders, which are mimicked by all employees, and by the decisions made in hiring, firing, and promoting individuals within the company.
5. Culture: Ultimate Intellectual Property
Understand that your company’s culture, representing its shared way of operating, is its most valuable intellectual property, as it effectively bonds people, resources, and strategy together.
6. Elevate HR to Strategic Culture
Reframe the HR function from administrative to a strategic role centered on people and culture, focusing on bringing out the best in employees and cultivating a highly creative and desirable workplace.
7. Maintain Startup Mindset at Scale
As your company grows, consciously work to maintain a startup-like culture characterized by high-speed collaboration, intense focus, and minimal bureaucracy to preserve agility and innovation.
8. Prioritize Succession Planning
Acknowledge that founders may not always scale with the company or be present indefinitely, making early and thorough succession planning essential for the long-term viability and growth of any great company.
9. Lead Through Adversity Resourcefully
When facing challenges and limited resources, know your ultimate goal, invent creative solutions, recruit people, and maintain motivation by pushing yourself and others just beyond their comfort zone.
10. Coach for Growth
As a leader, push your team beyond their comfort zones, like a trainer, to foster growth and achieve higher standards, understanding that temporary discomfort leads to long-term appreciation for the challenge.
11. Persist Despite Early Rejection
Don’t let early rejections from investors or others deter your vision, as initial assessments of market opportunity can be inaccurate, as seen with Airbnb’s early funding struggles.
12. Leverage Founder’s Unique Edge
As a founder, leverage your deep passion, inherent permission to make fundamental changes, and intimate knowledge of your company’s origins to guide its evolution and rebuild it when necessary.
13. Reformulate Divergent Ideas
Develop the skill to store and continuously reformulate a multitude of competing and divergent ideas in your mind, constantly adapting and refining them to find innovative solutions.
14. Foster Entrepreneurship Globally
To create wealth, empower individuals, and drive societal change, actively foster and support entrepreneurship, particularly among women and in developing economies.