How box of Obama cereal made Airbnb a $100B company #shorts

Показать описание

A box of cereal made #Airbnb a $100B Company. In 2008 Airbnb Co-founders Joe Gebbia and Brain Chesky knew they could sell rooms at the 2008 democratic national convention. Where 80 thousand people were travelling to see #Obama speak. Despite some successes and setting up some AirBnb's that week. The Company wasn't profitable and Chesky found himself in $20,000 of credit card debt. So as a last ditch effort so save AirBnB, Chesky recalls. "It will be great if we can provide breakfast to people going to the democratic national convention" and the idea we came up with was Obama's" The Co-Founders decided to sell politically teamed cereal around the election. Obama's and Cap McCain's. Miraculously the cereal went viral and and the Co-Founder were able to sell a 1000 boxes in less than 24 hours. Netting over $30,000 in profit. Later when the Co-Founders pitched their first investor Paul Graham on the business. He wasn't sold n the idea but this is what he said "If you can convince people to buy a $4 box of cereal for $40 then maybe you can convince people to stay in other people's rooms and then he let us into #YCombinator."