A Summary of the Main Idea of
The Airbnb Story
How Three Ordinary Guys Disrupted an Industry, Made Billions … and Created Plenty of Controversy
Energized by their inital success, Chesky and Gebbia decided to team up with Nathan Blecharczky, a friend who was a recent Harvard graduate and a coder, to launch a web-based service they initially called Airbed & Breakfast. They ended up lauching their business three times and using some novel fund raising ideas before they attracted investor backing, shortened the name to Airbnb.com and started to gain traction. The three founders also had to pivot their business anumerous times before they settled on the business model Airbnb uses now.
Today, Airbnb is a juggernaut of the Internet business era and is still growing rapidly year-to-year. The company (still private) is highly controversial but it is currently valued at more than $31 billion. The three founders are still closely involved in managing and running the company and the founders are worth more than $3 billion each.
This is their story.