Difference between revisions of "Airbnb"
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Founded in 2008, Airbnb[http://www.airbnb.com] is a global homestay network that allows people to market their residences on a website and seek out potential short term tenants. | Founded in 2008, Airbnb[http://www.airbnb.com] is a global homestay network that allows people to market their residences on a website and seek out potential short term tenants. | ||
It is a platform that enables a variety of people to experience an authentic accommodation in any city they choose, and meet a host from the area. It is based in San Francisco, CA, and their mission is to provide a secure marketplace for people to list, discover, and book unique travel experiences at any price point in locations all over the world. Unlike other online marketplaces such as [[Wikipedia:Craigslist|Craigslist]], Airbnb offers a "world-class" customer experience while also allowing hosts to monetize their vacant spaces. | It is a platform that enables a variety of people to experience an authentic accommodation in any city they choose, and meet a host from the area. It is based in San Francisco, CA, and their mission is to provide a secure marketplace for people to list, discover, and book unique travel experiences at any price point in locations all over the world. Unlike other online marketplaces such as [[Wikipedia:Craigslist|Craigslist]], Airbnb offers a "world-class" customer experience while also allowing hosts to monetize their vacant spaces. | ||
Revision as of 23:49, 18 February 2017
Founded in 2008, Airbnb[1] is a global homestay network that allows people to market their residences on a website and seek out potential short term tenants. It is a platform that enables a variety of people to experience an authentic accommodation in any city they choose, and meet a host from the area. It is based in San Francisco, CA, and their mission is to provide a secure marketplace for people to list, discover, and book unique travel experiences at any price point in locations all over the world. Unlike other online marketplaces such as Craigslist, Airbnb offers a "world-class" customer experience while also allowing hosts to monetize their vacant spaces.
Contents
About Airbnb
History/Founder
Airbnb was founded by Brian Chesky and Joe Gabbia who initially conceptualized the idea at an Industrial Design Conference, where they imagined a service which provided last-minute accommodations and breakfast to travelers unable to secure a hotel booking. Using the event as an inspiration, Chesky and Gabbia focused initially on targeting locations where big events were happening to ensure there would be travelers looking for last minute accommodations. Eager to get the company growing, they were creative in collecting funding--they came up with unique products and sold them, raising $30,000 as initial capital.
As a stereotypical Bay Area startup, Airbnb worked out out of the founders' home in San Francisco until they were able to pitch their website and idea to investors, raise additional capital, and move to an office space. By 2010, the company had booked over 700,000 rooms, and by 2013, they were celebrating over 9 million guests.
Funding & Growth
Chesky and Gabbia wanted to launch Airbnb as soon as possible. As a way to pilot their idea, they launched during the Democratic National Convention and secured guests due to the hotel shortage in the area. After successfully realizing the potential demand of their idea, they pitched the idea to Sequoia Capital and Y Ventures and raised $600,000 in seed money.
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