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DIVYANSHU MHATRE
Work on your ideasĀ ā¢Ā 1y
In the early days of Airbnb, founders Brian Chesky, Joe Gebbia, and Nathan Blecharczyk struggled to find investors. They tried to raise $150,000 for 10% of the company but faced many rejections. Despite pitching to several prominent investors, no one was interested. One famous story is that they were turned down by seven Silicon Valley investors who couldn't see the potential in renting out homes to strangers. Eventually, they got a break with Y Combinator, which gave them $20,000 in seed funding. This initial support helped them refine their business and led to Airbnb's growth into a multi-billion dollar company.
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