Business Models Explained with Fexingo · 2026-08-03 · 14 min
In this episode of Business Models Explained, Lucas and Luna drill into Airbnb's marketplace model and the specific mechanics that made it work when so many peer-to-peer platforms failed. They break down how Airbnb solved the cold-start problem, why its review system and host guarantees built a trust flywheel that competitors couldn't copy, and how the company's shift toward 'total addressable market' repositioning - from budget couches to full-service travel - reshaped its unit economics. Along the way, they compare Airbnb's two-sided network effects with Uber's and Etsy's, and unpack the surprising role of Superhosts and professional hosts in the platform's evolution. By the end, you'll understand the one thing Airbnb did that every marketplace should study: turning trust from a feature into a defensible asset. This episode is part of the Fexingo Business podcast network.
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