14 July 2015

Investor rejection letters to Airbnb published

Airbnb, the shared accommodation startup currently valued at $24 billion and raking in $850 million in revenue this year, was once rejected by investors for funding.

On his blog, the company's CEO Brian Chesky revealed 7 rejection letters from their early days with an aim to motivate startups currently getting rejected when pitching to investors.

At the time, they were trying to raise $150,000 at a $1.5 million valuation, which would have meant an ownership of 10% of Airbnb. At today's valuation, 10% would be worth $240 million.

Check out the blog with the rejection letters below or by clicking here.

7 Rejections