How Airbnb Became a $30 Billion Success! - A Case Study for Entrepreneurs

In Case Study #19 Tom Ellsworth, The Biz Doc, takes a look at Airbnb an online community marketplace for people to list, discover, and book accommodations around the world.

Airbnb rocketed to a $1B valuation in 2 years after graduating the Y-Combinator incubator and now boasts a $30B valuation (Q1 2017) after raising over $4B.

This success story includes two very interesting and important lessons:

- Get Connected to customers or users early and effectively (don't guess or rely on research reports).

- Find Mentors Early. Bring in advisors that know the space or have functional expertise. (And definitely consider applying to an incubator.)

Grab your notebook, take notes and join the conversation as Valuetainment brings you case studies with The Biz Doc.

Please subscribe to Valuetainment, comment and share to help educate entrepreneurs from all over the world.

About airbnb: Airbnb is an online marketplace and hospitality service, enabling people to lease or rent short-term lodging including vacation rentals, apartment rentals, homestays, hostel beds, or hotel rooms.

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[gibransaliba]

Moral of the story: try to find a way to get as much feedback as possible. Feedback makes you build a better product and operation which which lead to better sales

[jamesmcginn]

Excellent, as always. One point you didn't mention. Paul Graham told them to not worry about growing to a million. Worry about making your first 100 customer extremely happy. This was the insight that made the difference.

[pecenak]

How does this series keep getting better? I am addicted!

[gibransaliba]

And make sure to have a mentor. Mentors are way more valuable than all the PhDs in the business and economics

[Propofallout]

Who dislikes this stuff? Unbiased, all facts and very motivational!! Thanks for the quality research! 🙏🏾

[jakin]

Hi Valuetainment, I think Case Study is one of the best series in valuetainment. I haven't seen case study episodes since September and I reeeally miss it. Please bring it back!!

[NachoTV]

This is a perfect example of how an 💡idea takes a lot of work to actually happen and the passion to make it work.

[shaumiksaha]

"Random event success is not a path to sustainable success." 🏆

[caguilar]

This has by far, become my favorite youtube channel lately!!

[divyashah]

Hey Tom, please do a case study on Whatsapp. 55 Engineers, 19 Billion Dollars and no marketing. That sounds like a great story.

[christiankirbyapostol]

i likee how you cover the story into fragments and narrated the most important lessons of the airbnb journey, kudos to you.-

[ronysaha]

simple. I see a case study video. I like .

[mitchell.]

Having mentors is important. Tom you are really getting into the graphics with the word of the day.

[andrek.]

The best business presentation I ever seen in my life. Thank you

[AhmedYanaal]

I don’t know why YouTube recommended me this. But I sure am glad that it did.

[theyruinedyoutubeagain]

Whenever I travel somewhere and accommodation is not arranged, I use AirBnb. Never got let down once.

[nikagigashvili]

Great ! Really one of the best channels. Was waiting for Airbnb case, am building the similar business model for a different market. Nice short coverage of their story

[aneeshussein]

You come with good stuff every week. Amazing story Airbnb. Thank you.

[piercemooney]

Lmao 8:30 I love these 20 seconds the most. Tom is the man!!!

[mitcaru]

AirBnB, ....What an inspiration and so much to learn from & the only video with sooo many billions spoken ! : P