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RC

Ron Conway

10/15/14

@ Y Combinator

The 2008 mortgage crisis in New York contributed to the rise of Airbnb, as many people needed to rent out rooms to avoid foreclosure.

Video

YC

Ron Conway at Startup School SV 2014

@ Y Combinator

10/15/14

Related Takeaways

DC

Dalton Caldwell

01/20/22

@ Y Combinator

The rise of Airbnb coincided with the economic downturn, prompting many individuals to seek ways to monetize their properties for extra income.

DC

Dalton Caldwell

01/20/22

@ Y Combinator

Airbnb's founders initially launched the service to solve their own financial problem of making rent during a major conference in San Francisco.

BC

Brian Chesky

12/01/15

@ Greylock

We launched Airbnb in New York, where the hosts were local but travelers came from all over the world, creating a unique network effect.

BC

Brian Chesky

12/01/15

@ Greylock

During a listening tour in New York City, I met with many critics of Airbnb, which helped reduce negative sentiment towards the company over time.

BC

Brian Chesky

06/02/24

@ The Social Radars Podcast

The transition from air beds to allowing entire homes to be rented was crucial for Airbnb's growth, transforming it from a niche idea to a billion-dollar company.

BC

Brian Chesky

06/02/24

@ The Social Radars Podcast

A pivotal moment for Airbnb was realizing that hosts didn't need to be present for guests to rent an entire apartment, which expanded our business model significantly.

JL

Jessica Livingston

10/25/13

@ Y Combinator

Airbnb's evolution from renting airbeds to entire homes illustrates the necessity of adapting your startup's approach to meet market demand.

BC

Brian Chesky

06/02/24

@ The Social Radars Podcast

During the pandemic, we lost 80% of our business in just eight weeks, which was a shocking and challenging experience for Airbnb.

BC

Brian Chesky

06/02/24

@ The Social Radars Podcast

In 2007, I hosted three people at my apartment in San Francisco for a design conference, and that unique experience made me realize we were onto something with the idea for Airbnb.