This Former Walmart Employee Solved a Major Gap in the Airbnb Industry | Marc Hostovsky (CEO/Founder Minoan) E34

The Rich Somers Report

Rich Somers

Business, Entrepreneurship, Investing

5 • 910 Ratings

🗓️ 28 March 2023

⏱️ 33 minutes

🔗️ Recording | iTunes | RSS

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Summary

In today’s episode, Rich sits down with Marc Hostovksy – Founder & CEO of Minoan, an all-in-one procurement and retail platform for the short-term rental industry. After spending nearly 6 years working at Jet.com and then Walmart (acquired Jet.com in 2016) managing a $400M business, he quickly realized that the best product experiences don't happen on screens or shelves, they happen in real moments of use. Marc believes hosts and hospitality professionals should be seen as marketing partn...

Transcript

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0:00.0	I think one of the biggest misconceptions for me is I went into fundraising initially thinking
0:04.0	it was kind of like dating.
0:05.8	I was like I'll tell you a little bit about me, tell me about yourself, like we'll see if you like each
0:09.1	other.
0:10.1	That's not what it's like at all.
0:11.3	It is straight up sales, you know, the things that work well in
0:15.0	sales, driving scarcity, creating social proof, all the principles of
0:20.0	influence apply. And I think when I initially went after it was a little too soft like
0:24.7	I didn't you know when I started treating fundraising like a true sales process
0:28.7	started working out better for us.
0:31.6	Welcome to the Rich Shummers Report where we talk real estate, business, and wealth building,
0:36.0	all while keeping it real.
0:37.4	No fluff, no BS.
0:38.9	I hope that you of the report.
0:48.0	Today we got a special guest.
0:50.0	We are in day three out here in Nashville, Tennessee for the STR wealth conference and today I got the CEO and founder of Minoan.
0:59.4	I got none other than Mark Hestabsky. Mark, welcome to the show, my man.
1:03.4	Yeah, great to be here.
1:04.6	Yeah, hopefully you've had a good time out here at the conference.
1:08.2	I know you got your team out here, you go on stage speaking yesterday
1:10.9	at one of the panels, so that's exciting.
1:13.7	And I'm excited to dig in your stories today.
	...

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