I would bet every founder reading this blog knows about AirBnB. If you don’t, you’ve been living under a rock.
Some of you have raised funds.
Fundraising is not easy. Don’t let anyone tell you differently, despite what you hear in the tech press. AirBnB (and Uber) are the darling childs of the tech startup investing community, but AirBnB – now valued at over $25 billion – had a lot of trouble raising an early round. Brian Chesky (co-founder & CEO) shared the story of 7 investor rejections recently on Medium.
Every startup founder should also read this blog post by Paige Craig, an angel investor who ended up missing out on the seed round of AirBnB (YC took the whole round instead).
What fundraising challenges have you run into?
PS: And yes, I still believe AirBnB is going to enter the real estate in a big, big way. To me, it’s a matter of WHEN, not IF.