Airbnb's cofounder made an incredibly compelling pitch for startups to join Y Combinator: 'We were 13 weeks away from walking away from it all'
Y Combinator gives founders the chance to move to the Bay Area for $150,000 in seed funding and three months of mentorship from some of tech's most recognizable entrepreneurs and investors.
Still, Blecharczyk's recollection of the experience makes a compelling pitch for founders on the verge of walking away.Airbnb's headquarters in San Francisco."There was really only one time where we almost gave up," Blecharczyk said, "and that was at the end of the first year, where we had been unsuccessful in raising the capital. The recession had just began, this was the end of 2008.
"And we thought, OK, if we can get into this program, then we can admit to each other that we'll give it 13 more weeks. And we'll be super serious and regimented. But at the end of the 13 weeks, if we're not in a materially better place we all agree that it will be time to quit, and it won't be an awkward conversation."
The startup was on a mission to get hosts to love the service. The cofounders met all of their hosts in New York on stays at their homes. They wrote reviews and hired professional photographers for the properties to bolster their listings.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Airbnb reportedly lost money in 2019, possibly impacting IPO plans - Business InsiderThe Wall Street Journal reported that Airbnb lost $322 million, which could worry investors wary of IPOs from money-losing businesses.
Baca lebih lajut »
13 Stunning Airbnb Kitchens That'll Make You Want to Book a Trip ASAPWhether you’re dreaming of a romantic getaway in Paris or want a tropical abode that can fit your whole family, we’ve got you covered.
Baca lebih lajut »
WSJ News Exclusive | Airbnb Swings to a Loss as Costs Climb Ahead of IPOThe multibillion-dollar startup racked up a $322 million net loss for the first nine months of 2019, raising questions about the valuation and timing of the home-sharing giant’s much-anticipated public markets debut.
Baca lebih lajut »
Vacation Like a Celebrity with These Airbnb ExperiencesInspired by our favorite celebs on Instagram, here's what to do in destinations like Cabo, Havana, Miami and Maui.
Baca lebih lajut »
Report: Airbnb Posted A Net Loss In 2019 Amid Rising CostsThe home-sharing startup has been contending with rising costs ahead of its highly-anticipated IPO, according to the Wall Street Journal.
Baca lebih lajut »
Report: Airbnb Posted A Net Loss In 2019 Amid Rising CostsThe home-sharing startup has been contending with rising costs ahead of its highly-anticipated IPO, according to the Wall Street Journal.
Baca lebih lajut »