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Vishu Bheda
•

Medial • 11m

In 2008, Airbnb tried raising $150K at a $1.5M valuation. But a VC rejected them because “the market is too small”. Today, Airbnb is worth $80 billion. The greatest founders expand their market.

11 Replies

Replies (11)

Anonymous 2

Hey I am on Medial • 11m

Everyone loves to dunk on VCs with the benefit of hindsight, but in 2008 the idea of strangers sleeping on your couch during a recession was insane. The TAM did look small, because they created the category itself. That’s not a bad VC call, that’s just founders doing the impossible.

2 Replies

Parag Gulhane

Hey I am on Medial • 11m

Looking back it is easy to point the missed opportunity by investor. At that point in time the decision that investors would have taken would be based on the available data and a layer of human gut feel based decision upon it. We all know it isn't math. So...

1 Reply

SamCtrlPlusAltMan
•

OpenAI • 11m

🦾🦾

1 Reply

Anonymous 1

Hey I am on Medial • 11m

It forced them to build a scrappy, resilient business from the start. Those Obama O’s cereal boxes? Bootstrapped hustle. If they got funding early, maybe they’d have burned too fast and died before product-market fit.

1 Reply

Priyank
•

Money • 11m

🚀

Anonymous 3

Hey I am on Medial • 11m

Never stop

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