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7 Rejections for AirBnb in 2008, a Medium post by CEO Brian Chesky

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Hilariously honest look at how much AirBnb -- now the darling of Silicon Valley -- had to crawl to get financing early in their history.

Holy smokes, this is refreshingly honest:

On June 26, 2008, our friend Michael Seibel introduced us to 7 prominent investors in Silicon Valley. We were attempting to raise $150,000 at a $1.5M valuation. That means for $150,000 you could have bought 10% of Airbnb. Below you will see 5 rejections. The other 2 did not reply.

Airbnb is now worth $24 billion.

Brian Chesky says to think of this the next time you're rejected:

Reasons Airbnb was rejected:

1. Not our area of focus. 

2. Not a big enough market opportunity.

3. Not an area we have expertise in.

4. Not enough traction.

5. Not enough technical expertise on team.

6. "We've always struggled with travel as a category."

It is amazing how the hugeness of Airbnb was so unclear in 2008.