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My name is Balogist-Jir-Vosson. I a general partner at Andrewston Harwitz. And today we have with us

Airbnb, DigitalOcean and Local Motion to talk about the end of ownership. And so just to jump right in,

you know, I'm going to basically throw out some questions. We will have each

of our panelists kind of, you know, respond. And then at the end, if we have some time, maybe

we can do like an audience Q&A. So just to, you know, start things off, how did you, please

also introduce yourself when I, you know, kind of go over. So Joe, how do you define the concert at the end of ownership and maybe give a little background

yourself?

Sure. I'm Joe Gabby. I'm one of the co-founders and chief product officer of Airbnb.

And we've certainly seen this trend pick up in the last seven years since the concept

launched in our living room seven years ago.

I think that there's just been a general trend of what I've seen of the importance of

access to things, trumping what we normally would put the value on of the ownership

of those things.

And I think a great analogy for this is actually the music industry.

If you rewind about 15 years ago, the way to consume and to buy and purchase music was to

physically own an asset of that piece of music.

And of course, we're going to roll today where you don't need to own music anymore.

It's actually more valuable to have access to all the music you could ever want right

...