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Ok. But be honest, were you pitching something as good as AirBnB. We can be passionate about what we are building and try to raise capital without thinking our
by zabramow 11y ago
Ok. But be honest, were you pitching something as good as AirBnB. We can be passionate about what we are building and try to raise capital without thinking our concept is as good as AirBnB. Given that, I would have suspected a warm intro would have done the job. My guess is that the founders (if you gave them truth serum) would say that they thought AirBnB was going to be huge all along.
I could be wrong on that.
- seiji 11y agoLet's not be revisionist. The original Airbnb concept was actual air beds and hosts that would actually make breakfast. That was the business. That is what the VCs passed on because it's kinda crazy. VCs can't pre-detect when founders will be willing to sacrifice their original cute, but untenable, ideas and move to where demand actually sits. This whole massive illegal sublet renting thing isn't what those VCs passed on. Those VCs passed on literal air mattresses on floors. Sidenote: it looks like the mark is now officially "Airbnb", but their logo says "airbnb", even though it was originally AirBnB? No company with multiple capital letters is ever presented correctly.
- thaumasiotes 11y ago> Let's not be revisionist. The original Airbnb concept was actual air beds and hosts that would actually make breakfast. Really? I would have guessed that the "and breakfast" part just came from the common English term "Bed & Breakfast", which is to me synonymous with motel, hotel, hostel, inn, etc. I wouldn't expect breakfast to be a bigger feature at a bed & breakfast than at any similar business that went by a different word.