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Airbnb, Inc.
Business Summary
Airbnb, Inc. is a privately-held online marketplace allowing anyone from private residents to commercial properties to rent out their extra space. Listings include, but are not limited to: vacation rentals, private rooms, entire apartments, and bed and breakfasts. The closely-held Internet start-up, in addition to extensive media coverage, has raised significant interest from venture capital investors. Airbnb's headquarters are located in San Francisco, California. The company was founded in 2007 by Brian Chesky, Joe Gebbia, and Nathan Blecharczyk.
Overview & Corporate Organization
Basic Information
| Company Tags: | VC Backed |
| Year Founded: | 2008 |
| Formerly Named: | AirBedandBreakfast.com |
| Fiscal Year End: | 12/31 |
| 1YR Revenue Growth Rate: | View % |
| 3YR Revenue Growth Rate (CAGR): | View % |
| 1YR Employee Growth Rate: | View % |
| 3YR Employee Growth Rate (CAGR): | View % |
| City: | San Francisco |
| State/Province: | California |
| Country: | United States |
| Phone: | View |
| Website: | www.airbnb.com |
Corporate Organization
| Parent Companies: | AirBed & Breakfast, Inc. |
| Subsidiaries: | Accoleo UG |
| Brands: | AirBnB |
| Founders: | Brian Chesky Joe Gebbia Nathan Blecharczyk |
Industry Information
PrivCo Industries (Sector > Industry > Sub-Industry)
| Technology |
| Internet > Internet Services |
| Internet > E-Commerce > Online Marketplaces |
| Internet > E-Commerce > Online Travel Arrangement Services |
The PrivCo Industry Classification System™ (PICS) is our proprietary, modernized industry classification system, geared especially toward privately-held companies and including newer emerging sub-industries that are not reflected in other outdated industry classification systems, such as SIC and NAICS.
Competitors & Comparables
Competitors
| CouchSurfing |
| Craigslist, Inc. |
| GetAround |
| Vayable |
| 9flats |
Charts, Financials, and Statistics (Table Format)
Copy & Paste Financials Into Spreadsheet or
| Financial Notes: | |
| * | Airbnb, Inc. fiscal year end: 12/31 |
| 1 | Estimated... read more. |
Charts, Financials, and Statistics (Graphs)
(Copy and paste into spreadsheet or export all Airbnb, Inc. financials to Excel and create your own graphs.)
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Airbnb, Inc. Revenues ($ MM): |
Airbnb, Inc. Total Employees: |
Airbnb, Inc. Productivity (Revenue/Employee) ($): |
Airbnb, Inc. Booking Rates (Millions): |
Mergers & Acquisitions
| Date | Status | Target | Buyer | Deal Type | Price | |
| Details | Jun. 2011 | Completed | View1 | View | Acquisition | View |
| Details | Feb. 2012 | Completed | View2 | View | Minority Stake Purchase | View |
| Details | Mar. 2012 | Completed | View | View | Acquisition | View |
| Details | Jul. 2012 | Completed | View | View | Acquisition | View |
| Details | Jul. 2012 | Completed | View | View | Acq-Hire Acquisition | View |
| Details | Oct. 2012 | Completed | View | View | Acq-Hire Acquisition | View |
| Details | Dec. 2012 | Completed | View3 | View | Acquisition | View |
| 1 | AirBnB acquired Germany-based Accoleo using...Read More → |
| 2 | According to the terms of...Read More → |
| 3 | Terms...Read More → |
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VC/Funding Activity
| Date | Investor | Round | Investor Type | |
| Feb. 2009 | View | Other | Business Incubator / SBDC | |
| Details | Total Round Other View | |||
| Apr. 2009 | View | Seed | Venture Capital | |
| Apr. 2009 | View | Seed | Venture Capital | |
| Apr. 2009 | View | Seed | Angel / Individual | |
| Details | Total Round Seed View | |||
| Nov. 2010 | View | A | Venture Capital | |
| Nov. 2010 | View | A | Venture Capital | |
| Nov. 2010 | View | A | Angel / Individual | |
| Nov. 2010 | View | A | Venture Capital | |
| Nov. 2010 | View | A | Venture Capital | |
| Details | Total Round A View | |||
| Jul. 2011 | View | B | Venture Capital | |
| Jul. 2011 | View | B | Venture Capital | |
| Jul. 2011 | View | B | Angel / Individual | |
| Jul. 2011 | View | B | Private Equity & Venture Capital | |
| Jul. 2011 | View | B | Venture Capital | |
| Details | Total Round B View | |||
| Oct. 2012 | View | B-2 | Venture Capital | |
| Oct. 2012 | View | B-2 | Venture Capital | |
| Details | Total Round B-2 View | |||
| Total of Funding Shown Above View | ||||
| 1 | Ashton Kutcher invested later,...Read More → |
| 2 | Kutcher...Read More → |
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Detailed Business Description: Airbnb, Inc.
Revenues
Airbnb charges a three percent fee to those leasing out their space and a 6-12 percent fee to renters. Its growth in revenue is directly related to the site's growing popularity among travelers on a budget.
History
In 2008, Airbnb founders Chesky and Gebbia concluded their studies at Rhode Island School of Design (RISD) and moved from Providence to San Francisco. The two realized the need for a service like Airbnb upon offering up their apartment for attendees of an overbooked industrial design conference. When the two original founders needed a developer, Gebbia called on Nathan Blecharczyk, a former temporary roommate he had met on Craigslist. Blecharczyk, as Airbnb's founder and first engineer, now holds the position of CTO at the company. Blecharczyk, although first moving to Silicon Valley after graduating from Harvard, was involved with Internet technology since he was thirteen-years-old, when he ran a coding business that made nearly $1 million in revenues. In the… Continue Reading →
Exhibits
- Internal Email From CEO Regarding New Property Insurance Policy - July 2011
- Email to Airbnb Founder Chesky re: Airbnb VC Round Oct. 2011
- Air Bnb Certificate of Inc. 07-21-2011
- Air Bnb Certificate of Inc. 06-27-2008
- Airbnb, Inc. - Trademark
- Airbnb, Inc. - Trademark
- Airbnb, Inc. - Trademark
- Airbnb, Inc. - Trademark
- Airbnb, Inc. - Trademark
- Airbnb, Inc. - Trademark
- Airbnb, Inc. - Trademark
- Airbnb, Inc. - Trademark
Supplemental Resources
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