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The AirBnB founders also maxed out multiple credit cards. https://medium.com/cs183c-blitzscaling-class-collection/scaling-airbnb-with-brian-chesky-class-18-not
by chinathrow 11y ago
The AirBnB founders also maxed out multiple credit cards.
https://medium.com/cs183c-blitzscaling-class-collection/scaling-airbnb-with-brian-chesky-class-18-notes-of-stanford-university-s-cs183c-3fcf75778358#.9aivwa9ab https://medium.com/cs183c-blitzscaling-class-collection/scal...
"Joe and I both had ~$30K in credit card debt and this is what we were using to fund the company."
- e40 11y agoSometimes risky behavior pays off. Good for them.
- ryanobjc 11y agoI always see comments like this when people bring up failure stories. I get wanting to be positive, but surely at a certain point you're deluding yourself? There is no comprehensive stats on this, but the big question is, of the people who went in to serious CC debt, how many of them became massive unicorn companies, or at least mildly successful?
- cordialpanda 11y agoExceptions, not the rule IMO. Also stated (maybe further down) the solution had a protracted sales cycle leading to long turnaround. CC debt is probably a poor indicator of the quality of an idea.
- cordialpanda 11y agoExceptions, not the rule IMO. Also stated (maybe further down) the solution had a protracted sales cycle leading to long turnaround. CC debt is probably a poor indicator of the quality of an idea.