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. 

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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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