Profile Economy
Airbnb will get to its long-awaited IPO with a spring in its step
When Airbnb launched in 2008 it struggled to find investors, forcing founders Brian Chesky and Joe Gebbia to create custom cereal boxes to raise funds.
With Barack Obama and John McCain as inspiration, they created “Obama-Os” and “Cap’n McCains.”
Within two months, they’d raised over $30,000 and got invited to a training session for a startup incubator, which provided them with training and $20,000 in funding.
The company was able to grow exponentially and by the next year, the Airbnb website had 10,000 users and 2,500 listings.
The company now has over 4 million listings around the world and rakes in over $2.5 billion in annual revenue.
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