{"id":21674,"date":"2016-09-27T18:43:46","date_gmt":"2016-09-27T13:13:46","guid":{"rendered":"http:\/\/officechai.com\/?p=21674"},"modified":"2016-09-27T18:44:50","modified_gmt":"2016-09-27T13:14:50","slug":"airbnbs-pitch-deck","status":"publish","type":"post","link":"https:\/\/officechai.com\/startups\/airbnbs-pitch-deck\/","title":{"rendered":"This Was AirBnb&#8217;s First Pitch Deck When It Raised Money In 2008"},"content":{"rendered":"<p><span style=\"font-size: 12pt; color: #000000;\">Airbnb is\u00a0a massive global company today, with thousands of employees and a net worth of Rs. 2,00,000 crore. But not that long ago, it was a startup struggling to raise funds. And it had an unusually rough time as a new startup. &#8220;If you launch and no one notices, launch again. We launched 3 times,&#8221; says CEO Brian Chesky.<\/span><\/p>\n<p><span style=\"font-size: 12pt; color: #000000;\">Nearly a year after starting up, Airbnb (back then still called Air Bed and Breakfast), was trying to raise money from investors. The idea might seem simple now, but there were plenty of hurdles &#8211; no one was sure if people would be ok with letting strangers into their homes for a fee.<\/span><\/p>\n<p><span style=\"font-size: 12pt; color: #000000;\">Airbnb dealt with these challenges and more in its pitch deck.<\/span><\/p>\n<p>&nbsp;<br \/>\n<iframe data-src=\"\/\/www.slideshare.net\/slideshow\/embed_code\/key\/4dpBt4w6J5whJZ\" width=\"595\" height=\"485\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\" style=\"border:1px solid #CCC; border-width:1px; margin-bottom:5px; max-width: 100%;\" allowfullscreen src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" class=\"lazyload\" data-load-mode=\"1\"> <\/iframe> <\/p>\n<div style=\"margin-bottom:5px\"> <strong> <a href=\"\/\/www.slideshare.net\/PitchDeckCoach\/airbnb-first-pitch-deck-editable\" title=\"AirBnB Pitch Deck \" target=\"_blank\">AirBnB Pitch Deck <\/a> <\/strong> de <strong><a target=\"_blank\" href=\"\/\/www.slideshare.net\/PitchDeckCoach\">PitchDeckCoach<\/a><\/strong> <\/div>\n<p><span style=\"font-size: 12pt; color: #000000;\">Airbnb&#8217;s pitch deck kept things simple. The deck is just 10 slides long, and instead of being crammed with information, focuses only on salient points.\u00a0The problem is succinctly explained in just three lines, and then the founders laid out the solution. Since Airbnb operated in a space where lots of competition existed, that&#8217;s where the deck delves into details &#8211; it breaks down the competition along &#8220;affordable&#8221; and &#8220;online\/offline&#8221; axes, and attemped to place Airbnb among the competition. That&#8217;s a clever device, because it lets you know at a glance how it compares to the competition.<\/span><\/p>\n<p><span style=\"font-size: 12pt; color: #000000;\">All this clearly worked. In April of 2009, less than a year after it launched, Sequoia put in $600k into the company. The rest, as they say, is history.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Airbnb is\u00a0a massive global company today, with thousands of employees and a net worth of Rs. 2,00,000 crore. But not that long ago,&#8230;<\/p>\n","protected":false},"author":1,"featured_media":21676,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[254,46],"tags":[],"class_list":["post-21674","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-startups","category-stories"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>This Was AirBnb&#039;s First Pitch Deck When It Raised Money In 2008<\/title>\n<meta name=\"description\" content=\"Airbnb&#039;s pitch deck is a wonderful insight into how the startup started off all the way back in 2008. 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