$75B Airbnb was rejected multiple times during start-up

[Vigilante]

From the article :

Airbnb was rejected by multiple major investors during its first year of operations, Chesky noted in a 2015 Medium post. “The investors that rejected us were smart people, and I am sure we didn’t look very impressive at the time,” he wrote.

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Today, Airbnb has a market capitalization of $75.13 billion.
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Y Combinator was responsible for one of Airbnb’s earliest investments, giving the then-startup $20,000 in exchange for 6%
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Full article :

Airbnb CEO says his $75 billion company was rejected by investors—until a $40 box of cereal turned things around

Airbnb CEO Brian Chesky says his company was initially rejected by a dozen investors, and finally secured funding with the help of some $40 boxes of cereal.

www.cnbc.com

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Additional reading:

7 Rejections

On June 26, 2008, our friend Michael Seibel introduced us to 7 prominent investors in Silicon Valley. We were attempting to raise $150,000…

medium.com

^ SEE THE ACTUAL REJECTIONS OF AIRbnb (fascinating)

 

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[Kevin88660]

From the article :

Airbnb was rejected by multiple major investors during its first year of operations, Chesky noted in a 2015 Medium post. “The investors that rejected us were smart people, and I am sure we didn’t look very impressive at the time,” he wrote.

---
Today, Airbnb has a market capitalization of $75.13 billion.
---
Y Combinator was responsible for one of Airbnb’s earliest investments, giving the then-startup $20,000 in exchange for 6%
---
Full article :

Airbnb CEO says his $75 billion company was rejected by investors—until a $40 box of cereal turned things around

Airbnb CEO Brian Chesky says his company was initially rejected by a dozen investors, and finally secured funding with the help of some $40 boxes of cereal.

www.cnbc.com

---
Additional reading:

7 Rejections

On June 26, 2008, our friend Michael Seibel introduced us to 7 prominent investors in Silicon Valley. We were attempting to raise $150,000…

medium.com

^ SEE THE ACTUAL REJECTIONS OF AIRbnb (fascinating)

It was also the first time that a success of this scale was achieved by young people with no prior entrepreneurship success, and they did not graduate from top schools. No prior working experience in big Tech either.

 

[Oso]

I absolutely love this.

I saw a post on LinkedIn yesterday from one of the founders of Netflix. Apparently, they offered to sell to Blockbuster in 2000 for 50M due to being on the verge of collapsing. Blockbuster laughed and said no. Netflix eventually crawled out of their downward slope and begun dominating the market. Today, Netflix is worth 150B+. Meanwhile, we all know what happened to Blockbuster...