Case Study: Airbn B

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At the beginning, Brian and Joe really needed to increase their capital so they customized boxes of cereal for each of the presidential candidates to sell them. This has allowed them to increase their capital up to $30k. This to show that they truly believe in their project. During 2009 Airbed & Breakfast joins Y Combinator (American company financing startups) with an additional $20,000 in funding. At this time Airbed & Breakfast becomes Airbnb. They received $600k from Sequoia Capital and Y Ventures (specializing in incubation and financing of innovative companies). In 2010, Airbnb perceives $7.2 million Series A (A Series A round is the name typically given to a company's first significant round of venture capital financing ) Back in

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