“Build An Elite Navy Seals of Business” - Lessons from Airbnb’s Founder
Founder's Journal
Morning Brew
4.8 • 1.1K Ratings
🗓️ 18 May 2023
⏱️ 19 minutes
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| 0:00.0 | What's up everyone? Welcome back to another episode of the crazy ones. This is Alex, one of your co-hosts |
| 0:06.4 | and I am back with a founder's journal style episode where I break down a topic ranging in length from five to 20 minutes |
| 0:14.1 | and it's something that either I've been dealing with in one of my businesses or a recent |
| 0:20.5 | podcast I listen to or book that I read that I feel like I have to share with you and today I'm talking about lessons |
| 0:27.1 | I learned from a podcast I listen to specifically a conversation between Brian Chesky, the CEO of Airbnb and Jason |
| 0:35.8 | Calakannis, the host of this week in startups. So I'm going to share nine lessons from Brian Chesky and Airbnb. Let's hop into it. |
| 0:45.9 | What's up everyone? I'm Alex Lieberman. You know, this is Jesse Pooji and this is the crazy ones. |
| 0:53.4 | So this conversation between Brian and Jason was super interesting. There are a lot of takeaways I have. I'm going to go through nine of them. |
| 1:05.8 | But first of all, if you want to hear the full conversation, we'll include a link to the podcast in the show notes. But let's hop into the lessons. |
| 1:13.0 | Lesson number one, Brian, Joe and Nathan, the co-founders of Airbnb or what I like to call cockroaches. |
| 1:22.7 | Early on as they were funding Airbnb with literally a binder full of maxed out credit cards, they ended up selling a thousand boxes of election theme cereal. |
| 1:34.5 | So they were selling Obama O's and Captain McCain's. They sold a thousand boxes of these to raise $30,000. |
| 1:43.1 | Not only did they raise money so they didn't have to just keep maxing out credit cards. |
| 1:47.2 | But also these boxes of cereal was how they got into Y Combinator. |
| 1:52.5 | The story goes that they were interviewing with Paul Graham to get into Y Combinator when the accelerator was in its early days. |
| 2:01.3 | And it seemed like people were pretty uninterested by the idea of strangers staying in your home. |
| 2:07.1 | And as they were leaving the interview, I believe it was Joe who left a box of cereal with the interviewers and they were basically like, what is this? |
| 2:17.0 | And they went on to tell the story of how they had raised $30,000 selling these thousand boxes of cereal that were themed for the presidential election. |
| 2:25.5 | And then on the spot, they got an offer to be part of Y Combinator because they had just shown so much grit in doing anything humanly possible to keep the business alive. |
| 2:36.2 | So that's an early on example. |
| 2:38.2 | But to me, them being cockroaches spans the entire length of the company up until most recently the pandemic. |
| 2:46.0 | I mean, you think about a pandemic basically world travel and hospitality went from 100% to 0% in a day. |
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