Download App

Home

News

Pods

🚀

Startup Showcase

Notifications

Join our whatsapp channel for quick updates

Switch theme

Blog . Feedback . Privacy

Post on Medial

Niket Raj Dwivedi
•

Medial • 9m

“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 • 9m

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 • 9m

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

1 replies2 likes

Pranav Alonay

Stealth • 9m

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

1 replies2 likes

Havish Gupta

Stealth • 9m

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 • 9m

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

1 replies2 likes

Recommendations from Medial

Deepasnhu Chail

Stealth • 6m

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 • 8m

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 • 1m

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

Haresh Amruthapuri

Stealth • 4m

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 • 27d

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 replies4 likes

Dave walt

Stealth • 8m

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 • 1m

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 • 5m

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 .

3 replies4 likes

Anonymous

Stealth • 8m

🚀 Hey there! Got a cool startup idea that's ready to rock? I'm a software engineer itching to turn it into reality fast. Let's team up, hustle, and make some serious cash together! 💡💻🚀

42 replies9 likes

Sunil Huvanna

Stealth • 6m

At the moment when Porter turns to be India's Unicorn recently(probably 106th Unicorn) I can remind myself of more startup by name TruckEasy which almost was with the same product eventually got shutdown with intense cash crunch in its last days! Po