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From hand gluing cereal boxes to generate money, to a $10 billion
valuation in just six years, Airbnb has disrupted the vacation rental
business and continues to grow internationally.
A COMPANY HISTORY
May 2014 Powered by
AIRBNB | TIMELINE OVERVIEW
2008 2009 2010 2011 2012 2013 2014
FUNDING
ACQUISITIONS
EMPLOYEES
REVENUE (EST)
HIGHLIGHTS
OFFICES
AUG 11, 2008
launches as AirBed and Breakfast
Powered by
AIRBNB | FUNDING
$500M
$300M
$100M
$200M
$400M
$800M
TOTAL
RAISED
$600M
$700M
FUNDING
ACQUISITIONS
EMPLOYEES
REVENUE (EST)
HIGHLIGHTS
OFFICES
2008 2009 2010 2011 2012 2013 2014
$200M
Dec 2012
$112M
July 2011
$7.2M
Nov 2010
$20K
Dec 2008 $600K
Mar 2009
$450M
April 2014
$6.6M
Feb 2012
AXEL SPRINGER
ANDRESSEN HOROWITZ
DST GLOBAL
GENERAL CATALYST
PARTNERS
CRUNCH FUND
JEFF BEZOS
ASHTON KUTCHERSEQUOIA CAPITAL
GREYLOCK PARTNERS
SV ANGEL
YOUNIVERSITY VENTURES
ELAD GIL
JEREMY STOPPELMAN
Y COMBINATOR
SEQUOIA CAPITAL
YOUNIVERSITY VENTURES
TPG
T. ROWE PRICE
SEQUOIA CAPITAL
DRAGONEER
$776.4M
TOTAL FUNDING TO DATE
$1.3 BILLION $2.5 BILLION VALUATION$10 BILLION
FOUNDERS FUND
ANDRESSEN HOROWITZ
SEQUOIA CAPITAL
GENERAL CATALYST PARTNERS
Powered by
AIRBNB | ACQUISITIONS
FUNDING
ACQUISITIONS
EMPLOYEES
REVENUE (EST)
HIGHLIGHTS
OFFICES
Community marketplace
that bring events
and students together
Hamburg, Germany
Global homestay
network that
connects hosts
and guests
London, UK
San Francisco, CA
Allows visitors to
ask questions
about locations
and have locals
answer in real time
Montreal, CA
Hyperlocal, curated
city guides
New York, NY
2008 2009 2010 2011 2012 2013 2014
Jun 2011 Mar 2012
Allows users to tell
daily stories of their
lives through pictures
San Francisco, CA
Jul 2012
Dec 2012
App for bite-sized local
restaurant reviews
Oct 2012
Jul 2012
Powered by
AIRBNB | EMPLOYEES
600
300
100
200
400
500
FUNDING
ACQUISITIONS
EMPLOYEES
REVENUE (EST)
HIGHLIGHTS
OFFICES
3
Aug 2008
4
Dec 2009
15
Jun 2010
85
May 2011
130
Jul 2011
250
Sep 2011
500
Jul 2012
600
Jul 2013
650
Apr 2014
2008 2009 2010 2011 2012 2013 2014
Powered by
AIRBNB | OFFICES
FUNDING
ACQUISITIONS
EMPLOYEES
REVENUE (EST)
HIGHLIGHTS
OFFICES
Sao Paulo, Brazil
San Francisco, CA
[Main HQ]
Aug 2008
Portland, OR
[Operational HQ]
Mar 2014
Mar 2014
(projected to open
summer of 2014)
Dublin, Ireland
[European HQ]
Sep 2013
Sep 2013
Feb 2012
Feb 2012 Feb 2012
Feb 2012
Feb 2012
Moscow, Russia
Copenhagen, Denmark
Barcelona, Spain Milan, Italy
Sydney, Australia
Singapore
Paris, France Jan 2012
Jan 2012
Jan 2012
Jan 2012
Jan 2012
Berlin, Germany
London, UK
Hamburg, Germany
Oct 2012
Oct 2012
Oct 2012
Oct 2012
Delhi, India
HEADQUARTERS
2008 2009 2010 2011 2012 2013 2014
Powered by
Apr 2012
AIRBNB | REVENUE
$180M
$60M
$120M
$240M
$300M
FUNDING
ACQUISITIONS
EMPLOYEES
REVENUE (EST)
HIGHLIGHTS
OFFICES
$8.4M
Mar 2011
2008 2009 2010 2011 2012 2013 2014
$52.8M
Mar 2012
$250M
Dec 2013
$300M
Apr 2014
Powered by
[ALL ESTIMATES INDICATE TRAILING TWELVE MONTHS]
AIRBNB | HIGHLIGHTS
500K
600K
300K
100K
200K
400K
FUNDING
ACQUISITIONS
EMPLOYEES
REVENUE (EST)
HIGHLIGHTS
OFFICES
Custom Cereal Boxes
Fall 2008
Dec 2008
Y Combinator invites
AirBedandBreakfast to
join incubatorā€™s winter
session for three
months of training.
Mar 2009
Name shortened to
Airbnb.com; site expands
from airbeds and shared
spaces to variety of
properties.
Dec 2012
Awarded Appleā€™s Best Disruptive
Service of App Store in 2012
In debt and in need of rent
money, founders Brian
Chesky, Joe Gebbia, and
Nathan Blecharczyk create
special edition political cereal
boxes. They raise $30,000.
Jun 2010
CEO Brian Chesky moves
out of his shared loft/
office space and commits
to living in Airbnb rentals
for a year.
Mar 2011
Airbnb wins Breakout
App Award at annual
South by Southwest
conference.
700K+
nights booked;
8K cities
1M
nights
booked
Jul 2011
Jeff Bezos and celeb-u-vestor Ashton
Kutcher invests in Airbnb; Kutcher
also announces new role as strategic
advisor Mar 2012
Wish list feature
launched
Nov 2012
Neighborhoods
feature launched
NUMBER OF
LISTINGS
5M
nights
booked
10M
nights
booked
34K+ cities
2M
nights
booked
2008 2009 2010 2011 2012 2013 2014
Powered by
Apr 2014
600,000+
Dec 2012
300,000
Nov 2010
50,000
Y Combinator
Officially Airbnb
Chesky airbnbs
Breakout App
Dude, whereā€™s my airbed?
Wish lists
Neighborhoods
App Store Disruption
REFERENCES
Follow Airbnb and other companies on
www.owler.com
owler.com
airbnb.com
nytimes.com
thenextweb.com
wsj.com
inc.com
techcrunch.com
money.cnn.com
ft.com
oregonlive.com
businessweek.com
betabeat.com
gigaom.com

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Airbnb's Rise from Cereal Boxes to $10 Billion Valuation

  • 1. From hand gluing cereal boxes to generate money, to a $10 billion valuation in just six years, Airbnb has disrupted the vacation rental business and continues to grow internationally. A COMPANY HISTORY May 2014 Powered by
  • 2. AIRBNB | TIMELINE OVERVIEW 2008 2009 2010 2011 2012 2013 2014 FUNDING ACQUISITIONS EMPLOYEES REVENUE (EST) HIGHLIGHTS OFFICES AUG 11, 2008 launches as AirBed and Breakfast Powered by
  • 3. AIRBNB | FUNDING $500M $300M $100M $200M $400M $800M TOTAL RAISED $600M $700M FUNDING ACQUISITIONS EMPLOYEES REVENUE (EST) HIGHLIGHTS OFFICES 2008 2009 2010 2011 2012 2013 2014 $200M Dec 2012 $112M July 2011 $7.2M Nov 2010 $20K Dec 2008 $600K Mar 2009 $450M April 2014 $6.6M Feb 2012 AXEL SPRINGER ANDRESSEN HOROWITZ DST GLOBAL GENERAL CATALYST PARTNERS CRUNCH FUND JEFF BEZOS ASHTON KUTCHERSEQUOIA CAPITAL GREYLOCK PARTNERS SV ANGEL YOUNIVERSITY VENTURES ELAD GIL JEREMY STOPPELMAN Y COMBINATOR SEQUOIA CAPITAL YOUNIVERSITY VENTURES TPG T. ROWE PRICE SEQUOIA CAPITAL DRAGONEER $776.4M TOTAL FUNDING TO DATE $1.3 BILLION $2.5 BILLION VALUATION$10 BILLION FOUNDERS FUND ANDRESSEN HOROWITZ SEQUOIA CAPITAL GENERAL CATALYST PARTNERS Powered by
  • 4. AIRBNB | ACQUISITIONS FUNDING ACQUISITIONS EMPLOYEES REVENUE (EST) HIGHLIGHTS OFFICES Community marketplace that bring events and students together Hamburg, Germany Global homestay network that connects hosts and guests London, UK San Francisco, CA Allows visitors to ask questions about locations and have locals answer in real time Montreal, CA Hyperlocal, curated city guides New York, NY 2008 2009 2010 2011 2012 2013 2014 Jun 2011 Mar 2012 Allows users to tell daily stories of their lives through pictures San Francisco, CA Jul 2012 Dec 2012 App for bite-sized local restaurant reviews Oct 2012 Jul 2012 Powered by
  • 5. AIRBNB | EMPLOYEES 600 300 100 200 400 500 FUNDING ACQUISITIONS EMPLOYEES REVENUE (EST) HIGHLIGHTS OFFICES 3 Aug 2008 4 Dec 2009 15 Jun 2010 85 May 2011 130 Jul 2011 250 Sep 2011 500 Jul 2012 600 Jul 2013 650 Apr 2014 2008 2009 2010 2011 2012 2013 2014 Powered by
  • 6. AIRBNB | OFFICES FUNDING ACQUISITIONS EMPLOYEES REVENUE (EST) HIGHLIGHTS OFFICES Sao Paulo, Brazil San Francisco, CA [Main HQ] Aug 2008 Portland, OR [Operational HQ] Mar 2014 Mar 2014 (projected to open summer of 2014) Dublin, Ireland [European HQ] Sep 2013 Sep 2013 Feb 2012 Feb 2012 Feb 2012 Feb 2012 Feb 2012 Moscow, Russia Copenhagen, Denmark Barcelona, Spain Milan, Italy Sydney, Australia Singapore Paris, France Jan 2012 Jan 2012 Jan 2012 Jan 2012 Jan 2012 Berlin, Germany London, UK Hamburg, Germany Oct 2012 Oct 2012 Oct 2012 Oct 2012 Delhi, India HEADQUARTERS 2008 2009 2010 2011 2012 2013 2014 Powered by Apr 2012
  • 7. AIRBNB | REVENUE $180M $60M $120M $240M $300M FUNDING ACQUISITIONS EMPLOYEES REVENUE (EST) HIGHLIGHTS OFFICES $8.4M Mar 2011 2008 2009 2010 2011 2012 2013 2014 $52.8M Mar 2012 $250M Dec 2013 $300M Apr 2014 Powered by [ALL ESTIMATES INDICATE TRAILING TWELVE MONTHS]
  • 8. AIRBNB | HIGHLIGHTS 500K 600K 300K 100K 200K 400K FUNDING ACQUISITIONS EMPLOYEES REVENUE (EST) HIGHLIGHTS OFFICES Custom Cereal Boxes Fall 2008 Dec 2008 Y Combinator invites AirBedandBreakfast to join incubatorā€™s winter session for three months of training. Mar 2009 Name shortened to Airbnb.com; site expands from airbeds and shared spaces to variety of properties. Dec 2012 Awarded Appleā€™s Best Disruptive Service of App Store in 2012 In debt and in need of rent money, founders Brian Chesky, Joe Gebbia, and Nathan Blecharczyk create special edition political cereal boxes. They raise $30,000. Jun 2010 CEO Brian Chesky moves out of his shared loft/ office space and commits to living in Airbnb rentals for a year. Mar 2011 Airbnb wins Breakout App Award at annual South by Southwest conference. 700K+ nights booked; 8K cities 1M nights booked Jul 2011 Jeff Bezos and celeb-u-vestor Ashton Kutcher invests in Airbnb; Kutcher also announces new role as strategic advisor Mar 2012 Wish list feature launched Nov 2012 Neighborhoods feature launched NUMBER OF LISTINGS 5M nights booked 10M nights booked 34K+ cities 2M nights booked 2008 2009 2010 2011 2012 2013 2014 Powered by Apr 2014 600,000+ Dec 2012 300,000 Nov 2010 50,000 Y Combinator Officially Airbnb Chesky airbnbs Breakout App Dude, whereā€™s my airbed? Wish lists Neighborhoods App Store Disruption
  • 9. REFERENCES Follow Airbnb and other companies on www.owler.com owler.com airbnb.com nytimes.com thenextweb.com wsj.com inc.com techcrunch.com money.cnn.com ft.com oregonlive.com businessweek.com betabeat.com gigaom.com