Despite this optimism, Jordan and his partners identified four risks to their investment: Safety: What would happen if a guest trashed a home or apartment? International competition: Would overseas entrepreneurs clone the site? Regulation: Would cities allow hosts to continue to rent their homes without restrictions? Executive recruitment: Chesky, Gebbia, and Blecharczyk were running the company as a triumvirate – a council of equals. It was an arrangement that couldn’t last. Could they find new executives they trusted?

