- Published: Friday, 05 January 2018 09:28
ON LOCATION - December, 2017
FastForward Visits Airbnb
Airbnb began in 2008 when struggling college grads Brian Chesky and Joe Gebbia turned their San Francisco loft into a bed and breakfast by buying a few air mattresses and advertising the place online. They called their mini-hotel AirBed and Breakfast. Although the idea at first was just to “make a few bucks,” they snagged three international customers right away as the Industrial Design Conference came to town and hotel rooms were at a premium. With another partner, Nathan Blecharczyk, the team created a website offering short-term rentals, and with that the Airbnb concept was born. Next, they raised money for their new venture by developing two special-edition breakfast cereals, Obama O’s and Cap’n McCains, to cash in on the presidential race between Barack Obama and John McCain. This brainstorm alone netted the company over $30,000, and before long the Y Combinator startup-support firm was offering the fledgling company training and funding ideas. By 2009 Airbnb was listing homes, boats, tipis, private islands, and more for short-term rental, and today Airbnb is a $25 billion company with properties in 65,000 cities and 191 countries.