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Niket Raj Dwivedi
•

Medial • 1y

“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 Replies

Replies (5)

Havish Gupta

Figuring Out • 1y

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 Reply

Ayush

Hey I am on Medial • 1y

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 Reply

Saidarshan D

Interested in financ... • 1y

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

1 Reply

Pranav Alonay

studypartnerfinder.c... • 1y

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

1 Reply

Anonymous 1

Hey I am on Medial • 1y

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

1 Reply

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