Jessica Holcomb
August 2008Launch AirBedandBreakfast.com
April 2009Generating $200 per week in revenue
February 2011Reach 1 millionth booking mark
June 2012 Reaches 10 millionth booking
August 2014Receive $475M in funding
June 2015Receive valuation of $25.5 billion
.
July 2009 Hire professional photographer
October 2009 Generating $400 per week in revenue
History
Hosting
o verify identity
o list amenities
o take accurate and high-quality pictures
Renting
o verify identity
o search desired destination
o book stay
Introducing Guidebooksall the best places in every city, as told by Airbnb hosts.
Business Model
o service feeso hosts: 3%
o renters: 6-12%
o short-term rental lawsuits
Today
o $30B valuation
o 2015 – operating loss of $150M
Nights Booked Revenue
IPO?
o city regulations impede IPO
o mutual funds o $87.51 – 120.68 per share
o employees ooption to sell shares to
investors
Airbnb vs. Hotels
Secret to success?
o unique experiences
o appeal to Millennials
o visual experience
My Prediction - Success
o commitment to long-term growth
o leverages sharing economy
Questions?