Airbnb Origin Story, Brian Chesky and Joe Gebbia
In 2007, roommates Brian Chesky and Joe Gebbia faced an inability to pay rent for their San Francisco loft. During a local design conference with sold-out hotels, they launched a temporary bed-and-breakfast using three air mattresses and a simple website called Air Bed & Breakfast. Despite initial investor rejections, the venture evolved from a desperate attempt to pay rent into a billion-dollar global company.
airbnb· brian chesky· joe gebbia· rhode island school of design· san francisco
00:54 You're listening to The Business of Stories with Susan Payton, showing you how to share stories that do the selling in your business so you don't have too. In 2007 two roommates at Rhode School of Design Brian Chesky and Joe Jebbia were facing a challenge that felt impossible their rent had gone up their bank accounts were empty And they had no idea how they were going to afford to stay in their cosy loft apartment in California. They needed to make extra cash so they could pay their rent and keep chasing their dream of building a business without having to give up and move back home But, they were broke! Completely broke...and every idea they'd tried so far had failed
01:48 Then, one evening they found out that a big design conference was coming to town and that hotels were sold out everywhere. They hit on an idea! What if they turned their apartment into a temporary bed-and breakfast? They decided to act on their idea. They bought three air mattresses created a simple website and called it Air Bed & Breakfast They charged $80 a night and their first three guests were a man from Utah, another from India and a woman from Boston. They made them breakfast they took photos and they told the story of two designers opening their home to complete strangers it was a crazy idea! It was scrappy
02:41 But it worked, and they invited a former roommate to come and help them create a fully-fledged business. A few guests turned into dozens, dozens turned into thousands... And before long that tiny idea born out of desperation and creativity became Airbnb! A billion dollar company built on the simple belief that strangers could trust each other enough to share their homes. Of course, that journey was not an easy one – they were rejected by investors many times all of whom I would imagine are still kicking themselves for not seeing the vision! But the founders never gave up and what started with two friends who just wanted to pay their rent
