Monday, May 9, 2011

Airbnb: initial funding, email exchanges between investors, and more

Fred Wilson, VC at Union Square Ventures, and Paul Graham, co-founder of Y Combinator decided to synchronize their blog posts this week. They both wrote about Airbnb.

On Fred’s side: someone asked him to talk about an opportunity he found very interesting but nonetheless did not invest in. In his blog post, he does not only go over the reason why they did not invest in Airbnb, but also shows a great story around how Airbnb raised their initial $25,000.

On Paul’s side, he decided to actually show email exchanges between himself, Fred and Airbnb founder. It's just so amazing to see how far a great team can go, and how passionate and personal Graham can get despite working with so many teams.
Also, the post adds even more insight around the fact that recommendations are very important in the VC-world.

Needless to say, very relevant reading for any entrepreneur-minded person!

1 comment:

  1. I use Airbnb and love it. User support is, responsive, personal, excellent. Great idea & incredibly convenient. Not being an enterpreneur, won't comment about the post, except that I agree it is great learning for anyone in yr field.