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6min chapter
TIP503: The Story of Airbnb and Brian Chesky
We Study Billionaires - The Investor’s Podcast Network
How to Scale Up an Airbnb Business
By August of 2009, that $1,000 per week had turned into $10,000 perweek with over $100,000 in weekly volume through their bookings. By the summer of 2010, the team had grown to around 25 people. Fundamentally, what makes Airbnb such a success once it reaches scale is the network effect. Each incremental user they add to the platform makes the platform more valuable for all the other users.
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