Innovation Lessons from the Troublesome Start of AIRBNB 

Innovation Lessons from the Troublesome Start of AIRBNB 

By Fouad Bendris

Two years after graduating from the Rhode Island School of Design in 2005, Brian Chesky and Joe Gebbia moved to San Francisco where they shared a three-bedroom apartment. When a major design conference came to town in 2007, they saw an opportunity to earn some extra cash by renting out their spare floor space. In no time they had put together a website advertising lodging for overnight guests. Later on, Chesky and Gebbia approached Joe’s former roommate, Nathan Blecharczyk, about handling the technical side of the “Airbed and Breakfast” website, as something of a side gig. As they explain, their concept had quite a casual character from the start, “We were offering full bed and breakfast service, but we didn’t have any beds, so we called it Airbed and breakfast.”

Fouad Bendris’s insight:
What began as a simple idea to earn some extra income and help out travelers from out-of-town eventually took off globally. AirBnB started in 2007 and is valued now at over $ 25 billion. There are at least 3 important lessons learned from its troublesome start. Here’s their story.

Source:: Strategy & Governance

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