A seasoned financial professional with nearly three decades of experience, Frank Cardia serves as the managing director of Augurey Ventures. Under Frank Cardia’s direction, Augurey Ventures offers accredited individuals and qualified venture groups the chance to invest in prominent privately held companies before their public debut, including industry giants like Airbnb.

Airbnb is an online marketplace that offers unique accommodation options that are different from visiting a guest house. Through the Airbnb online platform, homeowners (also called hosts) allow guests (mostly travelers) to temporarily rent their homes, apartments, private rooms, or other accommodations for short-term stays. To protect hosts and their properties from liabilities, Airbnb has liability insurance, damage protection, and reservation screening.

Its liability insurance provides guest indemnification in the event of injury during stays or loss of personal belongings. With Airbnb's liability insurance, hosts are protected from the financial liabilities of these adverse events.

Airbnb damage protection indemnifies hosts for damage to properties caused by disruptive guests. Coverage includes deep cleaning, loss or damage of art, valuables, autos, and boats, pet damage, and income loss.

To prevent malicious guests from booking accommodations, Airbnb has guest identification verification and reservation screening solutions. Its identification verification system checks the guest's name, address, and government ID to verify their identity. The reservation screening system analyzes hundreds of factors to vet applicants for potential disruption. Airbnb does not allow parties who fail the test to book accommodations.