🚀 Medial just raised $500k in Pre-Series A. Tap to read the announcement. 🎉

Download App

Home

Switch theme

Blog . Feedback . Privacy
Community Guidelines

Back to feeds

Niket Raj Dwivedi
•

Medial • 10m

“Saturday Startup Nugget Story- 3” AirBnB cash crunch and their innovative solution to make some quick cash. Flashback to 2008, Airbnb was facing a money crunch. So, the smart founders had a wild idea – sell cereal! They created special boxes, "Obama O's" and "Cap'n McCain's," and priced them at a whopping $40 each. But here's the twist – it wasn't just about money; it was about turning a tough time into something fun. "Obama O's" had 'O'-shaped cereal for hope, and "Cap'n McCain's" playfully showed McCain as a navy captain. These weren't just cereals; they were a symbol of Airbnb's clever thinking and ability to make the best out of a tricky situation. Those pricey cereals not only helped Airbnb stay afloat but also became cool collectibles. It's like turning a breakfast idea into a success story! The founders chartered into unknown territory to make ends meet. Sometimes such hacks keep companies alive.

5 replies22 likes

Replies (5)

Ayush

Stealth • 10m

I think there should be a option to bookmark because if someone likes anything and want to read again in future it will be really good if can save that

1 replies2 likes

Saidarshan D

Stealth • 10m

Plz provide a brief answer to the question which you are asking in quizes

1 replies2 likes

Pranav Alonay

Stealth • 10m

Would love more of these behind the scenes startup nugget stories haha!!

1 replies2 likes

Havish Gupta

Stealth • 10m

Add this: It was because of these cerials that Airbnb got into Y combinator. So when the founder were asked how will you convince people to stay at other peoples house, they had no answer. Later when they got to know about these cereals, YC was like, if founder can convince someone to buy cereals for 40$, they can convince peopel to stay at other peoples house

1 replies3 likes

Anonymous 1

Stealth • 10m

Everyone should watch Chesky's youtube video covering this incident. It's funny and awesome.

1 replies2 likes

Recommendations from Medial

Deepasnhu Chail

Stealth • 7m

Out-of-the-Box Hustle - Clever Tricks Startups Used to Beat the Odds and Make It Big Airbnb In 2008,during the financial crisis, Airbnb was struggling to raise funds. The founders got creative and started selling novelty cereal boxes called "Obama

0 replies3 likes

Anonymous

Stealth • 9m

Multiple startups are facing cash-crunch and employees are suffering because of mismanagement and failure of management to either create a sustainable startup or failure to raise money. Would you stick with a startup if it runs out of cash?

2 replies5 likes

Mr Z
•

Medial • 2m

Mark Zuckerberg coded Facebook. This woman monetized it. When Sheryl Sandberg joined, Facebook had almost no revenue. But when she left: $118 Billion. 2008: Facebook, the coolest kid on the internet block. Problem? They're burning cash faster th

0 replies4 likes

LesGo

Stealth • 6d

At Lesgo, we help diners build deeper connections with their favorite restaurants by turning every visit into a rewarding experience. Let’s transform dining into a journey of appreciation! 🍴✨

0 replies2 likes

Vikas Acharya
•

Medial • 22d

The best way to predict the future is to create it." - Peter Drucker Did you know Airbnb’s founders sold cereal boxes to fund their dream? Their perseverance turned rejection into a $70 billion company. Every idea starts small; keep going!

0 replies

Haresh Amruthapuri

Stealth • 5m

We know that many of us have great ideas, but only a few will turn those ideas into products. 1.What's stopping you from turning your idea into a product? 2.If you have a great idea, do you really know the way to turn it into a successful product?

1 replies4 likes

Tushar Aher Patil

Stealth • 1m

Day 7 About Basic Finance and Accounting Concepts Here's Some New Concepts 8. Liquid Assets Easily convertible into cash without a significant loss in value. Examples: cash, cash equivalents, and accounts receivable. 9. Illiquid Assets Assets

0 replies5 likes

Dave walt

Stealth • 9m

Vertical agriculture... A huge potential for us . I want initiative and investment in turning this idea into a mission. People interested contact me. Also tell me what do you think about this .

0 replies6 likes

Sarun George Sunny

Stealth • 2m

From Air Mattresses to a Multi-Billion Dollar Game-Changer In 2008, roommates Brian Chesky and Joe Gebbia found themselves in a classic bind: rent was due, and their bank accounts were empty. Instead of panicking, they got creative. With a major des

0 replies4 likes

Aditya

Stealth • 6m

Looking for a potential co-founder to help me in turning my idea into reality . A healthcare app including telemedicine . Name-Arogya Mitra Aapki sehath humara saath . If he/she from Noida ,gr Noida and delhi it would be great for me .

4 replies4 likes

Top Users