Learn about Brian Chesky, the person behind Airbnb, in our "Entrepreneurship Skill and Innovation" presentation for BCom. Find out how Chesky changed travel with Airbnb. We'll talk about his ideas, what's important to him, and how he succeeded as an entrepreneur.

1. B R O U G H T T O Y O U B Y H A R S H I K A N E M A

2. FOUNDERS
Brian Chesky, Nathan Blecharczyk and Joe Gabbia founded
Airbnb in San Francisco in 2008.

3. @airbnbcofounder
Brian Joseph Chesky (born August
29, 1981) is an American Internet
entrepreneur who co-founded the
hospitality exchange service
Airbnb.
MY ENTREPRENEUR
Brian Chesky, co-founder and chief executive officer of Airbnb Inc.
Chesky studied landscape
architecture and design at RISD,
graduating in 2004 with a BFA in
industrial design. During this time,
he met future Airbnb co-founder
Joe Gebbia.

4. AIRBNB’S ORIGIN STORY
Financial Struggles
OPPORTUNITY IDENTIFIED
Innovative Solution
INITIAL EXPERIMENT
FIRST GUESTS
CONCEPT VALIDATED

6. ADDITION OF NATHAN
BLECHARCZYK
INNOVATIVE FUNDRAISING
SLOW PROGRESS
IDENTIFYING THE PROBLEM
DOOR TO DOOR PHOTOGRAPHY
RAPID GROWTH

9. CHALLENGES
Finance Risks Operation Risks
• Currency fluctuations may lead to monetary loss.
• Online transaction security concerns.
• Fines for hosts unaware of local laws.
• Hosts liable for damages during guest stays.
• Municipal taxes pose financial obligations.
• Mismatched facilities with guest expectations.
• Last-minute cancellations harm host reputation.
• Potential discomfort based on gender or ethnicity.
• Background checks crucial for residential stays.
• Property damage risks.
• Liability concerns due to insurance limitations.

10. Seed Round (2009)
Raised $600,000 from
Sequoia Capital
Expansion and
Investment (2011)
aised an impressive
$112 million from
various investors.
Valuation Surge (2014)
Achieved a valuation of $10
billion, marking a
significant milestone in
Airbnb's growth trajectory.
Early Growth (2010)
Secured $7.2 million in
funding
On December 10, 2020, the company became a public company via an IPO.

12. PROFITABILITY
Early years: Airbnb
operated at a loss
as it invested in
growth and brand
awareness.
The company
achieved its first
positive adjusted
EBITDA but still
reported a net loss.
The pandemic caused a
significant decline in
revenue and resulted in
a large net loss.
The company achieved
its first full year of
profitability with a net
income of $1.89 billion.
Airbnb's profitability
surged, with a net
income of $4.79 billion.
Overall,.
Airbnb has transitioned from an unprofitable startup to a financially stable and profitable company.

13. PEOPLE WHO FAVOURED
Brian Chesky Family Ashton Kutcher Reid Hoffman

14. FAMILY
Brian Chesky comes from a supportive family that has played a role in
his success. Chesky's parents, Robert and Deborah Chesky, were both
social workers which can be seen in Airbnb's mission of fostering
community and cultural understanding. Chesky values privacy and
hasn't shared extensive details about his family life.

15. REASON BEHIND CHOOSING
• Inspiring Journey Story
• Creativity
• Adaptability and Resilience
• Philantrophist

16. BREAK EVEN POINT
Airbnb hasn't reached a traditional BEP. They
achieved their first profitable year in 2022,
prioritizing reinvestment for growth over
immediate profitability. This indicates financial
health and potential for future success.

17. conclusion
Airbnb's eco-certification program under my leadership
would empower hosts to be eco-friendly through a tiered
system with increasing rewards like visibility, discounts, and
promotions. It wouldn't be punitive, but rather educational
and collaborative, making sustainability accessible and
mainstream, attracting eco-conscious travelers and
leaving a positive impact.