chesky had quit his design job and joined gebia in san francisco.f them, they couldn't pay their first month's rent. >> that weekend there was this conference, all the hotels were sold out, and we had this idea. let's just create a bed and breakfast for the design conference. we pulled out the airbeds, we inflated them and called them the air bed and breakfast. >> reporter: a light bulb went off. but skeptics didn't believe people would invite strangers into their homes. without investments, they began covering their costs by selling breakfast cereal. >> so joe and i were totally broke, and one night, a late night in the kitchen, air beds aren't selling very well, maybe we'll go into breakfast cereal. then we ended up selling barack obama themed cereal. we called it obama oats, the breakfast of change. that was actually how we funded the company. today we say we're cereal entrepreneurs. >> reporter: their scrappiness caught the attention of investors, about the time the economy was crashing. >> we hadn't made any money. paul gretsky said he was look

speaking at the economic club of new york luncheon, brian chesky spoke about the global job market. >> the change is only beginning. means processes double in speed every two years. it means the next 10 years will change a lot more than the last 25. the next 100 years will change more than the last 2000. the way we live in cities is going to completely change. some change we need to be prepared for. i will give you one example. we have a new president of the united states. i would say the root of donald trump becoming resident -- president, one was global uncertainty in the united states. people feeling they are not better off than they used to be. they are angry. there are different perceived

brian chesky.'s bring in the professor at new york university and author of "the sharing economy." this is a fascinating speech given by brian chesky. he tried to reinforce the jobs being created by airbnb, 1.3 million worldwide in 2017, to seniors, women, urban areas as well. is this trying to charm ahead of an ipo? >> i think it is a reflection of the reality of what work in the future is going to look like. i think he put it well. the jobs lost to automation are not coming back. i think seven out of eight jobs we lost in manufacturing over the last 15 years were lost to automation. maybe one was lost to china out of eight. it is already a significant force to contend with. the model of making a living in the future is going to be capital ownership. you own your own tiny business that you used to generate revenue, perhaps using some a.i. technology. he is positioning airbnb as being on the forefront of what job creation in the future is going to look like. caroline: they call it the economic empo

caroline: that was the airbnb ceo brian chesky.et's bring in a professor at new york university and of the sharing economy. perfect to have you. this is a fascinating speech being given by brian chesky. he reinforced the jobs being created by airbnb, 1.3 million worldwide, from seniors to women to urban areas. is this trying to charm offensively ahead of an ipo? is this trying to woo regulators? >> i think it's a reflection of the reality with what work in the future is going to look like. i think you put it well. the jobs that are lost to automation aren't coming back. jobs we losteight in manufacturing over the last 15 years were lost to automation, 81 loss to china. it is a pretty significant force to contend with. the bottle of making a living in the future is going to be capital ownership. you own your own tiny business that you used to generate revenue. airbnb astioning being on the forefront of what job creation in the future is going to look like. caroline: they call it the economic empowerment agenda, so he is talking abou

. >> reporter: brian chesky is airbnb's ceo.any in 2008 when he was 26 years old. he said airbnb is inherently more democratic than male-dominanted business. >> i think that spirit of anybody has just become a more equalizing notion than maybe other industries that requires connections, references, referrals, which has proven to provide greater barriers. >> reporter: airbnb study found since 2008 women have earned $10 billion by hosting. females in the u.s. earn on average $6,000 a year. >> what's surprising about this report? >> 50,000 women reported that they use this money to fund businesses or invest in on t entrepreneurial pursuit. become entrepreneurs. >> reporter: he wants to focus on how it's helping the hoeftd rather than dislodging lodges. rocked by allegations of turning a blind eye to sexual harassment, stealing trade secrets and the bash of its ceo 40-year-old travis kalanick. >> some people don't like to take responsibility for their [ bleep ]. he was recently caught on camera talking to an uber driver. they're fri