The original source of funding for airbnb founders

Selling breakfast cereal was the source of funds for Airbnb's founder's initial venture.

Airbnb (short rent Platform)

(full name: AirBed and Breakfast) is a housing short rent service company, which was founded by Joe Gebbia and Brian Ceschi in August 2008. Its community platform provides travelers with millions of unique accommodation options in 19 1 country and 65,000 cities, whether it is apartments, villas, castles or tree houses. Airbnb was once called "EBay in the house" by Time magazine. On June 2, 2022, 165438+Airbnb released the company's financial report for the third quarter of fiscal year 2022.

The changes that Airbnb has brought to people.

First of all, Airbnb has changed people's awareness of renting houses. Most people don't want strangers to live in their own homes. Security issues, privacy issues, and various issues have always discouraged landlords. The same is true for guests. It's not safe to go out alone, and you still live in someone else's house? What should the landlord do if he has bad intentions? But there are always a few guys who like to eat crabs in the world, but when everyone thinks that this crab is not only harmless, but also delicious, it becomes easier and easier.

The cultivation of the market is not easy, and it is not a lucky thing for Airbnb to reassure everyone in this way. Airbnb's deal also had a big deal. On July 20 1 1, an Airbnb landlord was ransacked. People accused Airbnb of some imperfect policies, and Airbnb suffered an unprecedented crisis of trust. Of course, in the end, Airbnb survived the crisis, and after a blow, Airbnb was stronger.

Second, Airbnb has changed the industry. After Airbnb became popular, there were many imitators of Airbnb in the market, or to put it mildly, imitators. Some imitators copied Airbnb intact, such as HouseTrip and Wimdu, and some domestic teams rose rapidly by taking advantage of Airbnb's inability to monopolize all markets.

Another part of imitators found their differences with Airbnb and used them, such as Luxury Retreats and Inspirato, which are similar to Airbnb and targeted at high-end users.

Although Airbnb is not the first team to be a short rent, they have successfully educated the market and trained users, so that its imitators can be recognized by consumers and investors as soon as they enter the business. I have to mention here that although Homeaway is also doing the short rent market and has been successfully listed, their houses come from intermediaries and real estate companies, which is different from the nature of Airbnb renting houses to individual landlords.

Airbnb and its competitors are subverting the hotel industry and giving travelers a good choice. Of course, the market share of teams such as Airbnb is only a small part of the global hotel market share, which may also be the potential of such services.

Finally, Airbnb's model can also be applied to other industries. If the concept of Airbnb is abstracted, its logic should be: if there are idle resources, they can be rented out, which can improve the utilization rate of idle resources and get the maximum benefit. This logic can also be applied to other fields. Many startups build their own products according to this logic, and many projects have also received investment. Typically, some catering services invite others to their own homes for dinner.