>> AVERAGE IS EVERYONE WELCOME
BACK TO WHAT WE KNOW.
>> OVER AIR BNB BOKASSA HIS ON
A MISSION TO MAKE THE VACATION
RENTAL EXPERIENCE
MORE SEAMLESS THE VACATION
RENTAL MANAGEMENT PLATFORM IS
EXPANDING ITS INVENTORY AND
FOOTPRINTS BUT THE PURCHASE OF
WIND A MISTAKE, HAITIAN
PLATFORM AND A NEW
FUNDING ROUND. JOINING US NOW
FOR A CHECK OR EXCLUSIVE IS
ERIC BRIANA FOUNDER AND CEO OF
THE
CASA ERIC CONGRATULATIONS
THANKS FOR JOINING US HERE
TODAY,
MILLION YOUR SERIES SEE THIS IS
THE LARGEST FUNDING ROUND IN
THE VACATION RENTAL INDUSTRY SO
AGAIN HUGE GRASS THERE SO WHY
THE NEED TO RAISE THIS AMOUNT
OF MONEY RIGHT NOW.
>> THANK YOU A
LOT OF THE REASON FOR THIS RACE
REALLY IT'S OUR BUSINESS MODEL
WHEN PEOPLE THINK ABOUT.
AIR BNB R B R B O IT'S VERY
MUCH A IN
A PARADE WHERE ARE NOT ACTUALLY
HELPING PEOPLE MANAGE THEIR OWN
A CASA WE TAKE CARE OF BECOMING
AN ACTRESS IN A PICKLE TEACH
OFFICE LOCATIONS TICKING FOR
THOSE TALKS. SO WHEN WE GO OUT
TO THE DIFFERENT MARKETS YOU
NEED TO ACTUALLY OPEN IT THERE
TO HELP OUR CUSTOMERS.
>> SO TELL US HOW THE FUNDING
IS GOING TO BE YEARS.
>> LARGELY BRINGING THE CONCEPT
OF A SPACE THAT WE'D EXPECT US
BUT WE ARE GET OUT.
>> SO THIS FUNDING ROUND WAS
LED BY SILVER LAKE ARE YOU
GOING TO BE WORKING WITH THEM
SPECIFICALLY.
>> ALSO SOME OF THAT WILL BE
JOINING OUR OR WE ALSO HAVE 2
OTHER INVESTORS OUT OF THE AND
WE'VE GOT THE BETTER
EARLIER ROUNDS.
>> SO WE HAVE DEFINITELY SEEN A
LOT OF BIG TECH IPO SO FAR THIS
YEAR WAS THERE A THOUGHT ABOUT
THAT POTENTIAL BE ON THE TABLE
FOR YOU GUYS.
>> NOT AT THIS POINT WE THOUGHT
AT THIS POINT A MORE PRIVATE
CAPITAL RAISING AND ESPECIALLY
ON THE HEELS OF OUR RECENT
ACQUISITION OF WHEN TO EXPECT
GOT A CHIN UP.
>> I WANT TO TAKE A STEP BACK
AND YOU JUST EXPLAIN TO US WHAT
IS
IN THAT PORTFOLIO FOR PICASSO
WHAT IS NEW HERE AND WHY MAYBE
YOU HAVE A LEG UP ON THE
COMPANIES THAT WE MIGHT HAVE
MENTIONED LIKE AN AIR BNB FOR
EXAMPLE.
>> WE HAVE MUCH
OVER 23,000 THROUGHOUT THE US
AND YOU KNOW HUNDREDS OF
DIFFERENT SPECIES THE US IN 70
COUNTRIES. THE BIGGEST
DIFFERENCE BETWEEN US AN
INTERVIEW IS THAT WE ACTUALLY
TAKE CARE OF EVERY AND I THINK
THAT WE HAVE
YOU KNOW STOP ON THE GROUND WE
CLEAN IT MELT EVERYTHING FROM
HELPING PEOPLE EITHER CATION
HELP SECURE THE 8
SPEAKING ABOUT AND THE SECOND
ONLY TO LOOKING FOR A GREAT
INVESTMENT WE CAN HELP YOU FIND
ARE TOLD
THE EYE AND IF IT CAN TAKE CARE
OF THAT WHEN YOU AND YOU JUST
THE LAST KNOWN IS THAT SO THE
DIFFERENCE FROM A HOMEOWNER
IS PRETTY LIKEWISE FOR THE
GUEST, YOU KNOW JUST IN AUSTIN
FOR THEIR TEACHER OF THEM
SHOULD SOMETHING GO WRONG.
THAT'S THAT HE PROBABLY
AN EQUAL.
>> IT'S GOING TO TALK ABOUT THE
TECHNOLOGY YOU GUYS USE OF THIS
AS WELL BECAUSE THAT'S ALSO A
KEY DIFFERENTIATOR BETWEEN YOU
AND THE
OTHER COMPETITORS.
>> YET TO MAKE THAT WAS ALL
ABOUT MAKING OPERATIONS SKILL
AND THE OTHERS ABOUT WRAPPING
AROUND YOU ARE
ON MARS. SO FIRST ON OPERATIONS
OFF WHAT YOU KNOW OUR SYSTEM
IT'S MORE LIKE
OR CAN YOU KNOW IF YOU CONSIDER
THAT INDUSTRY IN GENERAL AN
EASY CLEAN. YOU KNOW HOW TO
MANAGE IT SINCE CLEAN OUR
SYSTEM IT ON ITS OUR THAT THAT
TERM TO GO WHERE.
TO BRING MORE EFFICIENCY TO OUR
SYSTEM TO ENSURE THAT PEOPLE
ARE STANDARD. SO THINGS LIKE
THAT MAKE IT MUCH EASIER SCALE
OFF THE MARK. THE OR NOT IS ALL
ABOUT MAKING ART.
REALLY GOOD
ABOUT LOOKING OUR HOMES MORE
THAN ANY OTHER ESPECIALLY IN
ALL SEATS TO A LOT OF OFFSEASON
REVENUE SO THAT'S THE WEATHER
CENTER.
>> WHAT IS ADDING THE VACATION
RENTALS FROM WYNDHAM ACTUALLY
AT YOUR PORTFOLIO HOW IS THAT
ADDITIVE.
>> SO A LOT OF SCALE AND
DENSITY ATE THE HEART OF THE R
7 SOME LEADING PROPERTIES AND
PLACES LIKE HILTON AD COAST
THAT ARE AND HANDLE JUST
REALLY GREAT GREAT PEOPLE SO
COSTLY BROWN INCREDIBLY FAST
THE PAST 8 THE TEENS
FROZEN KEY ARE GREAT PEOPLE
TRYING TO TEE AND THERE'S QUITE
A LOT.
>> SO HOW YOU CAN INTEGRATE
WITH THEM INTO YOUR GUYS IS
PLATFORM, HOW'S THAT GOING TO
WORK OUT.
>> YES, SO BASICALLY BRINGING
THOSE HOMES AND THOSE EMPLOYEES
OVER THE POSSIBLY UP
TO US. WE'VE ACTUALLY DONE OVER
A 130 ACQUISITIONS 8 ITS AH ITS
CORE WHAT WE DO WHEN WE'RE
ENTERING A NEW MARKET ONE OF
THE COMPANIES THAT ARE IN THE
MARKET
>> YOU MENTION ONE OF THE
BIGGER DIFFERENTIATORS FOR YOU
GUYS IS MAKING SURE THE
HOMEOWNERS FEEL LIKE THEY'RE
SPACE A SECURE YOU HAVE A
LOT OF PEOPLE ON THE GROUND TO
HELP MAKE THAT EXPERIENCE
REALLY GOOD HOW DO YOU KIND OF
SCALE THAT AS YOU DO INCREASE
YOUR PORTFOLIO MAKE SURE THAT
THAT COST AND ALSO RISE ALONG
WITH THAT SCALE.
>> YES, A LOT OF THAT ALSO HAD
IT NOT SO THE GROUND WORKING
>> I WAS GOING TO ASK KEEPERS
WERE ON THE STUDY TOLD MORE
THEY ARE ACTIONS TO SUPPORT IN
THE PARTY THAT MAKES THEM WERE
CHRISTIAN DEVILS AND SO WE ONLY
HAVE I GOT SOME
SO IT'S JUST AS WE
CONTINUE TO SCALE IT SOMETHING
WE CAN CONTINUE TO WRECK WILL
CONTINUE TO HIRE IN 2000 PEOPLE
TO COME HERE. RESPONDED
MUCH FASTER RATE THAN THAT IN