Sublime

In 2008, Airbnb sought $150,000 in funding for 10% of the company. They emailed 7 big investors. 5 sent back rejections. 2 others didn’t respond. 10% of Airbnb is now worth $7 billion.

CEOs had flown to the Bahamas under the mistaken impression that Sam had agreed to buy their companies. The World Economic Forum had to scramble to fill a stage and cancel media interviews after Sam decided, the night before he was meant to deliver a big speech in Davos, not to. Sam had failed to fly to Dubai to give the keynote at Time magazine’s

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So in 2013 the industry adopted “all-in sustaining costs” as the preferred measure. As Chuck Jeannes, CEO of Canadian miner Goldcorp admitted in his company’s 2012 annual report, “The traditional measure of cash costs is not a realistic view. To produce an ounce of gold, we not only incur operating costs, but we spend sustaining capital at the site

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