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The Foundr Podcast with Nathan Chan

364: The $100B Cereal Entrepreneur: Joe Gebbia of Airbnb

The Foundr Podcast with Nathan Chan

Nathan Chan

Marketing, Business, Entrepreneurship

4.8 • 662 Ratings

🗓️ 29 June 2021

⏱️ 47 minutes

🧾️ Download transcript

Summary

How do you raise capital for your startup? Well, if you ask the co-founder of Airbnb Joe Gebbia, he’ll tell you what worked for him:    Cereal.    That’s right, the company that started with a single air mattress and grew to a $100 billion empire was kept afloat by selling custom cereal boxes.    It was bizarre but it worked. Gebbia muses in this episode of the Foundr podcast:   “We made $20,000 in breakfast cereal, and we're able to basically pay off our credit card debt...The cereal, funnily enough, was how we were able to help keep the options open for us until eventually, the invitation came for Y Combinator.”   In undoubtedly one of our most riveting episodes, Gebbia recounts his incredible journey from struggling to pay rent, to Airbnb’s first angel investor, to one of the biggest brands in the world and Gebbia’s incredible charity work.   Gebbia is candid about how he overcame countless rejections and problems. Listen in as he shares specific advice for entrepreneurs looking to create the next industry disrupter:    “You can see what’s hot. You can go after an emerging industry... Or you can solve a problem. Your own problem. Airbnb was our own problem. We had a rent check that we couldn’t pay. And it forced us to come up with a new way of making ends meet.” Get FREE, actionable advice from legitimate founders on starting and growing ANY Business… https://www.foundr.com/freetraining And… If you are enjoying the Foundr Podcast,, please leave us a 5-star review and let us know who you want to see next. Website: http://www.foundr.comSuccess Stories: https://foundr.com/success-stories Instagram: https://www.instagram.com/foundr/ YouTube: http://bit.ly/2uyvzdt  Facebook: http://www.facebook.com/foundr Twitter: http://www.twitter.com/foundr LinkedIn: https://www.linkedin.com/company/foundr/ Podcast: http://www.foundr.com/podcast Magazine: http://www.foundr.com/magazine

Transcript

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0:00.0

This is episode number 364 with Joe Gebbya of the Founder Podcast.

0:07.1

What you need is thirst.

0:08.8

You need to be a thirsty human who is intent on learning.

0:12.9

It's a really fascinating exploration of human potential.

0:18.6

The Founder Podcast.

0:21.7

Even the greatest entrepreneurs had help.

0:24.6

If you want to learn from the most successful founders on the planet, you are in the right place.

0:30.3

Branson, Mark Cuban, Tony Robbins, Tim Ferriss, Arianna Huffington, Steve Case, Gary V, Sophia Amorosa,

0:35.6

Barbara Corcoran, Damon John.

0:37.4

Learn from the greatest minds in business today with interviews hosted by Nathan Chan. This is not your average entrepreneur podcast. The Founder Podcast.

0:52.5

Hey guys, thank you so much for tuning in. Before we start today's episode, I just want to let

0:58.7

you know that our goal at founder is to help entrepreneurs succeed however we can by giving

1:04.4

away high quality content in the form of interviews, blog posts, podcasts, YouTube videos,

1:10.5

you name it. We put out so much content to help you.

1:13.8

And another interesting project that we're working on right now is partnering with world-class

1:18.5

founders like Damon John, Alexa von Tobel, Greta Van Riel, and so many more to teach crucial

1:24.5

skills like negotiation, finance, e-commerce, and so much more.

1:30.8

So if you'd like to get access to these free trainings with founders like this, which is 100%

1:37.0

free, just go to founder.com forward slash free. Okay, so now let's talk about today's episode.

1:44.4

Hey, founder fam, hope you're doing well. Nathan here. Welcome back to another episode.

1:50.5

Wow, today you are in for an absolute treat. We speak to the co-founder of Airbnb, Joe Gebia,

2:00.5

and look, this has to be one of my favorite interviews.

...

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