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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.

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 ju