7 Investors Turned Down $150K Airbnb Investment: Here's How Much That Stake Would Be Worth Today
Portfolio Pulse from Chris Katje
Airbnb Inc (NASDAQ:ABNB), now valued at $105 billion, was once rejected by 7 investors who were offered a 10% stake for $150,000 in 2008. These investors did not see the potential in Airbnb's concept of short-term vacation rentals. The company went public in 2020 with a valuation of $47 billion. The rejected stake would be worth $10.5 billion today. Airbnb later received funding from Sequoia Capital and Y Combinator, with Y Combinator benefiting significantly from its growth.
March 21, 2024 | 8:42 pm
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Airbnb Inc, once rejected by investors, is now a market leader valued at $105 billion. Its early rejection story highlights its remarkable growth trajectory.
The article highlights Airbnb's significant growth from being rejected by investors in 2008 to achieving a market capitalization of $105 billion. This growth story, especially the missed opportunity by early investors, underscores the company's strong market position and potential for continued success. The public's interest in such a narrative can positively influence investor sentiment and potentially the stock price in the short term.
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IMPORTANCE 90
RELEVANCE 100