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TIP503: The Story of Airbnb and Brian Chesky
We Study Billionaires - The Investor’s Podcast Network
The Story of Airbnb
In November of 2010, Airbnb secured series A funding from Reid Hoffman and Graylock Partners for $7.2 million. The company grew nights booked by 800%. And by November of that year, they had booked 700,000 nights,. 80% of which had occurred in the previous six months. In June 29, 2011, Airbnb had another huge issue to deal with related to bad actors. Lee Gallagher covers a number of different incidences that are quite horrifying in her book, The Airbnb Story.
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