In 2008, Airbnb tried raising $150K at a $1.5M valuation. But a VC rejected them because โthe market is too smallโ.
Today, Airbnb is worth $80 billion.
The greatest founders expand their market.
Anonymous 1
Hey I am on Medialย โขย 1d
It forced them to build a scrappy, resilient business from the start. Those Obama Oโs cereal boxes? Bootstrapped hustle. If they got funding early, maybe theyโd have burned too fast and died before product-market fit.
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
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0 replies3 likes
Niket Raj Dwivedi
ย โขย
Medialย โขย 1y
โSaturday Startup Nugget Story- 3โ
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 โ sell cereal! They created special boxes, "Ob
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5 replies22 likes
Anus Khalid
Hey I am on Medialย โขย 2m
Story of Airbnb: From Air Mattresses to a Global Hospitality Empire
In 2007, roommates Brian Chesky and Joe Gebbia couldnโt afford rent in San Francisco. With a design conference in town and hotels fully booked, they rented out air mattresses in the
Starting with the startup success stories
Day 1.
In 2008, Brian Chesky and Joe Gebbia couldn't afford rent, so they turned their living room into a bed and breakfast, offering air mattresses to guests.
This led to the creation of Airbnb, now a bil
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5 replies9 likes
Havish Gupta
Figuring Outย โขย 11m
Top YC Companies (1/20)
Airbnb: It was started by Brian Chesky during the 2008 financial crisis with the idea to list extra space in our house for other people to stay in. Since after the financial crisis, when people had less to spend, this worked a
Why Taking Calculated Risks is Essential for Startup Success
Risk is the shadow every startup founder faces. Itโs daunting, yet it fuels the thrillโand the potential rewardsโof entrepreneurship. The trick isnโt avoiding risk; itโs mastering calculat
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0 replies14 likes
Sayan Ghosh
ย โขย
OG Capitalย โขย 1m
Co-Build a VC Fund in Public: Day 14 (the power of resilience)
Perseverance and resilience are key qualities in every founder.
Can you believe that in 2008, Airbnb was on the brink of shutting down?
They did everything they could, maxed out cred
From Frustration to Fraud Fighter: The Sift Science Success Story
Inside the bustling offices of Airbnb, as a software engineer Jason Tan found himself repeatedly bumping up against a problem that seemed to have no good solution. How could o
The Complete Story of Reddit!
It was 2005. Alexis Ohanian was sitting in his law school entrance exam when he had a sudden realizationโhe didnโt want to be a lawyer.
So, he just walked out mid-exam, went to a Waffle House, and decided to do some
