• Airbnb's CEO said he's heard from founders facing a challenging fundraising landscape amid economic uncertainty.
• Brian Chesky said that while a stable economy is needed, there's a "silver lining" to building a business in tough times.
• The Airbnb cofounder said on Michelle Obama's podcast that a tough economy bakes "discipline" into your company culture.

Brian Chesky is no stranger to starting a business in tough economic times.

Chesky cofounded Airbnb in 2007 and built the business during the 2008 financial crisis. In a recent podcast conversation with Michelle Obama and her brother, Craig Robinson, Chesky said it was challenging to get the business off the ground during a recession, even with some of the advantages and connects he and his founders had that other entrepreneurs might not have.

However, he said there was one "silver lining" to growing the business during tough times, which might resonate with founders facing today's economic uncertainty.

"A lot of great companies have been started in a recession," he said in a Wednesday episode of "IMO with Michelle Obama & Craig Robinson."

"And the one, I don't want to say it's a good thing, but what it does is it teaches you a certain type of discipline," he said. "A tough economy teaches you a discipline that gets institutionalized into your culture."

By comparison, a strong economy might give founders more cushioning to "perpetuate bad strategies and be a little less disciplined," Chesky said.

"I think the good news is a lot of great entrepreneurs are incredibly resourceful, and they will find a way to work," the Airbnb cofounder said. "But we absolutely need like a very stable economy."

Chesky said that entrepreneurs he's spoken with recently told him "a lot of fundraising, for all intents and purposes, was kind of on hold."

"A lot of limited partners and investors are just like hunkering down. And what we know about investors, they don't like uncertainty," he said.

He believes investors will "sit this one out until things stabilize."

"And if they don't stabilize, we're going to be in for a very prolonged kind of dry spell for fundraising," he said. "If you did not go to a prestigious school, if you weren't, like, purely a team of technical engineers, if you're not trying to create an AI company, you're just trying to create a business, that will be more difficult."

Airbnb isn't the only successful business to emerge from the Great Recession. Companies like Uber, WhatsApp, Venmo, and Square also started around the time of the 2008 financial crisis.

"It's always a great time to start a business — and some of the most successful businesses are started during recessions," certified financial planner Cary Carbonaro previously told BI. "Adversity is the mother of invention."

• Nearly 30 M1A1 Abrams tanks will roll down Constitution Ave. in DC for the Army's 250th birthday.
• The service is finalizing plans to prevent the heavy 70-ton tanks from damaging the road.
• Engineers will use steel plates and track pads to protect roads during the parade.

The powerful M1A1 Abrams tank, with its heavy armor and 120mm cannon, is a massive hulk of steel, and dozens are set to hit the streets in the nation's capital next month.

Nearly 30 of the tanks are expected to rumble down Constitution Avenue as part of the US Army's 250th anniversary celebration on June 14, set to coincide with President Donald Trump's birthday.

The street, which runs parallel to the National Mall and serves as a major route for city traffic, isn't built to easily accommodate each tank's nearly 70-ton frame. Most cars weigh only about two tons.

So how is the Army going to keep its tanks from chewing up Constitution Avenue? The service's engineers are putting the finishing touches on plans to protect the busy street's pavement from biting tracks.

Officials aren't too concerned with the straight path down Constitution, which will likely see a single file of tanks. It's turning points that will be the most vulnerable to tears from the heavy tracked vehicles.

"We are targeting those areas that we have concerns," said Army Col. Jesse Curry, Executive Officer for the Army's Chief of Engineers, during a media roundtable with reporters on Wednesday. "Particularly the areas where the surface of the pavement would typically, you know, receive an exaggerated level of stress."

To prevent such stress, military engineers are figuring out which turn points will be layered with steel plates at least one inch thick.

Such large plates are commonly seen on city streets where heavy equipment is used, Curry said, adding that equipment staging areas and the parade route were specially chosen to minimize weight-related damage.

Heavy tracked vehicles like the M1A1 often make turns by using differential steering — one side will roll forward while the other reverses, or the tracks will operate at a different speed. That can cause tracks to "pinch," a problem for asphalt.

Inbound parade tanks will also don new "track pads," rubber components that create some separation between the metal tracks and the pavement, Curry told reporters.

Additional measures to prevent damage are still being examined, with help from DC's Department of Transportation, the National Park Service (which oversees maintenance of the National Mall), and the Federal Highway Administration.

The tanks and other vehicles, such as Bradley fighting vehicles and Strykers, will arrive in the DC area via rail and will then depart to parade staging areas via heavy-duty trailers, similar to those used to move houses down highways.

Troops will not be conducting any full-scale rehearsals for the parade, a notable deviation from typical military planning. Normally, complete rehearsals are an important part of any military mission, including small unit ceremonies.

Officials said Wednesday that while the Army has been planning a major 250th birthday event for two years, the idea to include heavy vehicles like tanks and other armored vehicles in a parade only arrived this year. The officials did not specify how the idea originated.

Even moving at a slow parade pace, any military activity using heavy equipment and vehicles is fraught with concerns that require meticulous planning for safety precautions, especially when it comes to the equipment offloads required to stage for such a parade. Large vehicles must rely on ground guides to ensure no one is inadvertently run over.

Officials said Wednesday that Hercules wreckers will be available to recover any tanks that break down. How roads might handle the behemoth 70-ton M88 Hercules recovery vehicle with a downed tank on its trailer bed is unclear.

The Denver Nuggets have named David Adelman as the new head coach after a surprising playoff run.

Israeli troops "will stay and hold the ground in areas we've already fought for longer," an IDF spokesperson told Newsweek.

Scott Mescudi, who utilizes the stage name Kid Cudi, testified in Sean "Diddy" Combs' trial on Thursday.

Every film and series heading to Max throughout June 2025.

A new report reveals WWE has made a significant change to its WrestleMania 42 plans.

California's largest coastal cities reported rises in sea level that could threaten the state's infrastructure if left unchecked.

Editor's note: This is a preview of The 1600, Newsweek's daily newsletter by politics and culture director Carlo Versano.

Golden State general manager Mike Dunleavy Jr. has revealed a major offseason goal for his team's roster construction.

The NFL has teamed up with Chubbies to create the NFL Collection, which includes Philadelphia Eagles swim trunks designed to represent your favorite team.

The veteran infielder appeared in 14 games with the Cubs this season.

• A judge rebuked Sean "Diddy" Combs' attorney for a question he asked witness Kid Cudi.
• Combs' lawyer questioned the rapper about his sex life with star prosecution witness Cassie Ventura.
• "One, the line was crystal clear. And two, the line was crossed," the judge said.

The judge overseeing Sean "Diddy" Combs' criminal trial slammed an attorney for the hip-hop mogul for questioning Kid Cudi about his sex life with R&B singer Cassie Ventura.

US District Judge Arun Subramanian's rebuke followed more than an hour of testimony given by Kid Cudi, whose real name is Scott Mescudi.

While under cross-examination in Manhattan federal court, Steel asked Mescudi a series of questions that appeared intended to besmirch the credibility of Ventura, the prosecution's star witness in Combs' sex-trafficking and racketeering trial.

Steel asked if Mescudi had felt "played" by Ventura — and if Combs had been likewise "played" — because she'd told both men that their relationship was exclusive.

"Yes," Mescudi answered.

Mescudi and Ventura briefly dated in 2011 while Ventura was on a break from Combs. Ventura and Combs dated on and off between 2007 and 2018. During that time, prosecutors allege that Ventura was one of two women whom Combs sex-trafficked.

During his line of questioning, Steel asked Mescudi if he and Ventura had been sexually intimate during their romance — a question that sparked a speedy, successful objection from prosecutors.

After Mescudi left the witness stand and the jury was excused from the courtroom, the judge admonished Steel, who has also represented rapper Young Thug.

The judge said that Steel's question was way out of line under federal rules barring the use of prior sexual activity in impugning sex-crime accusers.

"One, the line was crystal clear. And two, the line was crossed," Subramanian said, his voice angry. "Mr. Steel, you knew what you were doing when you did it, and you did it anyway."

When Subramanian asked, "Is it going to happen again?" Steel said it wouldn't. The judge also ordered that the question, which Mescudi never answered, be struck from the record.

While on the witness stand, Mescudi told the jury that Combs broke into his Los Angeles home after the music tycoon found out he was dating Ventura.

Christmas gifts from Chanel that Mescudi had gotten for his family were unwrapped and opened, and his dog was shut in the bathroom during the December 2011 break-in, he testified.

Mescudi told the jury that his Porsche was firebombed weeks later while it was parked in his driveway.

During Ventura's more than 20 hours of testimony in the trial last week, she said her relationship with Mescudi sent Combs into a violent rage. Ventura also testified that Combs threatened to blow up Mescudi's car when they were out of the country.

Prosecutors have alleged that Combs previously ordered his underlings to torch a car using a Molotov cocktail.

A Cleveland Browns legend spoke out with a shocking prediction about Shedeur Sanders and Dillon Gabriel.

The Dodgers shockingly released utility man Chris Taylor last week, but it appears he was ready to find opportunities elsewhere with the hope of playing more.

The NFL has teamed up with Chubbies to create the NFL Collection, which includes San Francisco 49ers swim trunks designed to represent your favorite team.

The NFL has teamed up with Chubbies to create the NFL Collection, which includes New Orleans Saints swim trunks designed to represent your favorite team.

Karoline Leavitt lambasted a Boston judge who said the Trump administration "unquestionably" violated a court order.

Miami Heat star Bam Adebayo lost out on making the All-Defensive Team for the first time in years.

The NFL has teamed up with Chubbies to create the NFL Collection, which includes Arizona Cardinals swim trunks designed to represent your favorite team.