Seven Investors Rejected This Startup in 2008, Now They’re Worth $25 Billion
SAN FRANCISCO, CA - SEPTEMBER 09: Airbnb Co-Founder and CEO Brian Chesky speaks onstage at TechCrunch Disrupt at Pier 48 on September 9, 2014 in San Francisco, California. (Photo by Steve Jennings/Getty Images for TechCrunch) *** Local Caption *** Brian Chesky
Today, Airbnb is valued at a whopping $25 billion. But what most people don’t remember is how far they’ve come since their inception in 2007.
Today, Airbnb CEO Brian Chesky penned a Medium post recounting back to June 25, 2008 when the then-startup was trying to raise $150,000 at a $1.5 million valuation. That means that if you invested $150,000, you’d own 10% of Airbnb.
Chesky recieved a total of seven rejections. Five of them are below; the other two didn’t even bother to reply.
Chesky ended the post by reminding people to refer back to these emails the next time they’re rejected. Airbnb is now valued at $25 billion with a “B.”
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