Spring 2019 EECS 441 Company Presentation by Harrison Wood (HWO)

1. Harrison Wood
Uniquename: HWO

2. How airbnb started in San Francisco

3. Air Bed and Breakfast

4. Founders
Brian Chesky - CEO
Joe Gebbia - Chief Product Officer
Nathan Blecharczyk - CTO

6. Airbnb users
● 150 million users worldwide
● Millennials account for 60% of guest
booking
● Fastest growing hosts are seniors

7. Key event
“Wow. You guys are like cockroaches. You just won’t die.”
-Paul Graham, founder of Y Combinator
● Airbnb joined YCombinator in 2009
● The team flew to New York City to meet Airbnb users

9. Financial Info
● Privately held company valued at $30+ billion
● $2.6 billion in revenue in 2017
● $94 million in profit

10. Business model
Hosts - list for free. Charge 10%
commision on each booking
Guests - charge 3% transaction fees
Photographers - paid by Airbnb to
photograph listings

11. Secret Sauce
● Host and co-host reviews
● Host experiences
Building a community
to connect and share

12. Competition
Diverse listings Review System Experiences
Airbnb ✔ ✔ ✔
Hotels.com ✔
Expedia ✔ ✔
Craigslist ✔ ✔

13. Will Airbnb Succeed?
Started to make profit since 2016
Huge growth potential in oversea markets
Getting ready for initial public offering in 2019 or 2020

14. References
https://www.unscalablegrowth.com/airbnb-photographing-homes/
https://www.businessinsider.com/how-airbnb-was-founded-a-visual-history-2016-2
https://airbnb.design/building-a-visual-language/
https://www.cobbleweb.co.uk/airbnb-case-study/
https://ipropertymanagement.com/airbnb-statistics/
https://jungleworks.com/airbnb-business-model-revenue-insights/
https://www.wired.com/2017/02/airbnbs-surprising-path-to-y-combinator/