In Case Study #19 I take a quick look at Airbnb an online community marketplace for people to list, discover, and book accommodations around the world.
Airbnb rocketed to a $1B valuation in 2 years after graduating the Y-Combinator incubator and now boasts a $30B valuation (Q1 2017) after raising over $4B.
This success story includes two very interesting and important lessons:
- Get Connected to customers or users early and effectively (don’t guess or rely on research reports).
- Find Mentors Early. Bring in advisors that know the space or have functional expertise. (And definitely consider applying to an incubator.)
Grab your notebook, take notes and if you see something interesting, please leave a comment or share the video on social media along with your thoughts – join the conversation.
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