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TIP503: The Story of Airbnb and Brian Chesky
We Study Billionaires - The Investor’s Podcast Network
How to Scale an Airbnb Site
The first real event that Airbnb really launched for was the Democratic National Convention which was in Denver and Barack Obama would be visiting. The site received so much traffic that it actually ended up crashing. After the DNC, bookings on the site went down to practically zero. Now the three founders had zero traffic. They were in debt and they had no money. Since the business wasn't working as much as they had tried, they transitioned to try and sell breakfast food since they had bills and they had rent that needed to be paid. At this point, they had made $5,000 from their core business and $20,000 to $30,000 from selling limited edition cereal they had handmade
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