Airbnb is one of several highly anticipated IPOs reportedly slated for 2019. Founded in 2008 as “AirBed&Breakfast,” the startup has raised more than $4 billion to reach a $31 billion valuation as it closes in on a public filing.
But it wasn’t always the glowing digital startup success story it’s known as today. Co-founders Brian Chesky, Nathan Blecharczyk, and Joe Gebbia originally saw the company as a way for travelers to rent mattresses from locals — and it stumbled through much of its first year. They finally got their break after being accepted into Silicon Valley’s prestigious startup accelerator Y Combinator.
There the startup put together a pitch deck to secure the first round of capital that ignited its explosive growth. The premise was simple and straightforward: “Book rooms with locals, rather than hotels.”
As part of our coverage of the genesis of today’s successful companies, BI Prime took a look at how Airbnb’s original pitch deck, in which the founders started by laying out a clear problem for travelers and hosts alike:
Price is an important concern for customers booking travel online.
Hotels leave you disconnected from the city and its culture.
No easy way exists to book a room with a local or …read more
Source:: Businessinsider – Technology