An $80 Idea Changed Travel Forever
Summary
In 2007, Brian Chesky and Joe Gebbia started Airbnb by renting out air mattresses in their apartment during a busy conference in San Francisco. The idea grew from helping guests find a place to stay into a trusted online platform where people can rent homes worldwide, with a strong focus on trust through a review system and quality photos.Key Facts
- Chesky and Gebbia started Airbnb to cover their rent during a conference when hotels were fully booked.
- Their first guests were diverse, including a family and individuals from different states and countries.
- Nathan Blecharczyk joined later as the third co-founder and helped build the Airbnb platform.
- The company launched officially in 2008 as "Airbed and Breakfast" and renamed Airbnb in 2009.
- Airbnb’s success is largely due to its review system, where both guests and hosts rate each other after stays.
- The review system encourages good behavior from both guests and hosts.
- Early on, Airbnb improved listing quality by hiring photographers to take better pictures of properties.
- Today, Airbnb hosts all kinds of accommodations, from spare rooms to castles, and is a well-known name in travel.
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