How Airbnb Became a $30 Billion Success! – A Case Study for Entrepreneurs

In Case Study #19 Tom Ellsworth, The Biz Doc, takes a look at Airbnb an online community marketplace for people to list, discover, and book accommodations around the world.

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Airbnb rocketed to a $1B valuation in 2 years after graduating the Y-Combinator incubator and now boasts a $30B valuation (Q1 2017) after raising over $4B.

This success story includes two very interesting and important lessons:

– Get Connected to customers or users early and effectively (don’t guess or rely on research reports).

– Find Mentors Early. Bring in advisors that know the space or have functional expertise. (And definitely consider applying to an incubator.)

Book recommendation: Zero to One

Grab your notebook, take notes and join the conversation as Valuetainment brings you case studies with The Biz Doc.

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About Tom Ellsworth: THOMAS N. ELLSWORTH, is an experienced CEO / COO and entrepreneur. He has been disrupting industries and driving consumer shifts through Venture-backed companies in technology, software, publishing and mobile that have generated exits totaling over $1B. Watch the interview with Patrick Bet-David:

Connect with Tom:

About airbnb: Airbnb is an online marketplace and hospitality service, enabling people to lease or rent short-term lodging including vacation rentals, apartment rentals, homestays, hostel beds, or hotel rooms.

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