Airbnb is currently worth $115 billion after going public on Nasdaq 🤯 Here are 5 rejection emails they got when raising at a $1.5M valuation👇🏼
On June 26, 2008 Brian Chesky and the team were introduced to 7 prominent investors in Silicon Valley. They were attempting to raise $150,000 at a $1.5M valuation 💸
That means for $150,000 you could have bought 10% of Airbnb. As of today, that would be worth $10 billion each 🤯
Below are 5 rejections the co-founders received after chasing them multiple times. The other 2 did not even bother to reply 😬
All the investors were obviously smart people, with tons of experience and knowledge. They knew the space and thought they can anticipate the future.
They passed this opportunity, and the rest is history.
The moral of the story is...
Next time you have an idea and it gets rejected, think of these emails.
P.S. check out my newsletter 🔔linas.substack.com🔔 where I'm connecting the dots in FinTech and Blockchain & Crypto.
#startups #entrepreneurship #venturecapital
