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Failure: The Blog  

August 2018

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April 2018

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March 2018

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[More archives...]

« Vera Wang Soared Past Failure
GoDaddy Founder Counts His Lucky Stars For Success »

Airbnb Couldn’t Find Traction With Investors

October 25th, 2016 - by Alyssa Shea

Airbnb is valued at more than $25 billion today. Their humble beginnings, though, are what really caught our eye here at The Failure Blog.

When Airbnb launched in 2008, not a single soul was interested in the company. Most investors turned their nose up at the blossoming company. Co-Founder Brian Chesky went public with some of those rejections. Here is what a couple of those investor’s had to say:

“Thank you for the introduction. Brian good to meet you — while this sounds interesting it is not something we would do here — not in our area of focus, do wish you best of luck.”

“Brian

We decided yesterday to not take this to the next level. We’ve always struggled with travel as a category. We recognize its one of the top e-commerce categories but for some reason, we’ve not been able to get excited about travel related businesses.”

Airbnb failed
Photo © Flickr User Gustavo da Cunha Pimenta

Luckily, the creators never let this type of feedback keep them down. As Chesky stated:

“Next time you have an idea and it gets rejected, I want you to think of these emails.”

Many successful entrepreneurs know that you have to face rejection in order to find success!

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