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Case Study: Airbnb

Airbnb began in 2007 when two roommates rented air mattresses to guests attending a sold out conference in San Francisco. They struggled for years to gain traction until 2008 when they hosted over 600 guests for the Democratic National Convention. By 2009 they had listed 2500 homes and had 10,000 registered users, gaining their first major funding. Airbnb has since grown exponentially to over 2 million listings globally and hosting over 40 million guests, with an estimated value of $25.5 billion.

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177 views2 pages

Case Study: Airbnb

Airbnb began in 2007 when two roommates rented air mattresses to guests attending a sold out conference in San Francisco. They struggled for years to gain traction until 2008 when they hosted over 600 guests for the Democratic National Convention. By 2009 they had listed 2500 homes and had 10,000 registered users, gaining their first major funding. Airbnb has since grown exponentially to over 2 million listings globally and hosting over 40 million guests, with an estimated value of $25.5 billion.

Uploaded by

ALi
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Airbnb

Case Study

Airbnb is an online platform which allows user to rent spaces for short periods. The
people who rent their places are common people with a spare bedroom, a person with
a spare building or some property management company. Now they have have
included car rentals, restaurants and tour sites in their business and became all in one
tourist site.


The idea began in 2007, when two roommates, Brian Chesky and Joe Gebbia, moved
to San Fransisco to find some interesting opportunities. While their stay, they noticed a
thing. Some conference was held in the city and all the hotels in the city were full. They
bought three air mattresses and stayed some guests in their home.

The idea was not praised for next two to three years. The founders had to face
disappointment while fundraising for their startup. They shutdown their website and
relaunched in 2008 some days before Democratic's Convention in Denver. Over 20,000
people were going to join this convention and all hotels were booked out. The idea was
to cater to the thousands of people that came to the convention, Obama supporters
hosting Obama supporters. Over 600 people stayed at Airbnbs. But his success was
temporary.

To fund their startup, they started selling cereals. They got their first funding from Y-
Combinator of 20, 000 USD dollars. They were making 200$ a week at this time. They
moved to New York, which they thought would be largest market of their product. In
2009, they were invited to Y-combinator for a training of three months. At the same
time, Paul Graham at Y Combinator tries to convince venture capitalist Fred Wilson to
invest in Airbnb but he refused to invest.

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In New York, people got attracted towards Airbnb. The founders bought a camera and
started listing homes themselves. In March 2009, They have 2500 homes listed on their
website and 10, 000 registered users.

The most recent statistics show that Airbnb now has over 2 million listings in over 190
countries and 34,000 cities. Airbnb hosts have hosted over 40 million guests. The
company is worth an estimated 25.5 billion, based on the latest round of funding of 1.5
billion.


Case Study of Airbnb
Submitted By Ali Nauroze
Roll No 05

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