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.
Visit the official Valuetainment Store for gear: https://www.valuetainmentstore.com/
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 http://amzn.to/2neuRKk
Grab your notebook, take notes and join the conversation as Valuetainment brings you case studies with The Biz Doc.
Please subscribe to Valuetainment, comment and share to help educate entrepreneurs from all over the world.
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: https://www.youtube.com/watch?v=nFStiXqG894&t=732s
Connect with Tom: https://www.linkedin.com/in/thomasellsworth
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.
Valuetainment- The Best Channel for Entrepreneurs