right idea right time success can be
like a series of pogs all of which have
to align a simple idea and good timing
turn Brian Chesky CEO of Airbnb into one
of the world's newest self-made
about 3.8 billion
let's talk early promise he was born in
1981 in a small town in the state of New
York he was a bodybuilder and a hockey
player who barely knew anything about
tech before starting Airbnb his high
school yearbook read I'm sure all amount
to nothing now that's inspiring
in 1999 he enrolled at the Rhode Island
School of Design from which he would
receive a bachelor's degree in
industrial design his career path seemed
certain flash forward a few years to
2007 Chesky who was working in los
angeles as an industrial designer
decided to quit his job and move to San
Francisco to make things worse during
October of that same year practically
all of the hotel rooms in the city were
booked because of the industrial
designer Society of America conference
the two friends immediately hit upon an
idea and why not turn their apartment
into a little bed-and-breakfast their
endeavor was christened air
bed-and-breakfast in reference to the
air mattresses the guest slept on they
hosted three visitors over the weekend
found they loved having guests to show
around city and made over $1,000 as a
bonus they don't end up homeless shortly
after in 2008 Nathan Fletcher's ik chess
Keys former roommate joined the new
venture as chief technology officer and
co-founder and air bed and breakfast
comm was officially launched a new
business model was born initially they
raised money by selling their own
branded cereal based on the 2008
presidential candidate Obama owes and
captain McCain's which earned them more
than $30,000 soon after they attracted
the attention of the seed accelerators
why calm
Nader and were granted further
development capital in 2009 the business
name was appreciated to Airbnb the
company never stopped moving forward as
of May 2017 Airbnb has a valuation of
thirty 1 billion dollars as Chesky
himself said it's very rare to be the
person who starts a company and be the
person who scales it to one thousand
people you have to be a very different
person at each stage for the hotel
industry Airbnb came out of nowhere
trapped by past successes the industry
was unable to conceive that a company
could take the three existing
bed-and-breakfast model and turn it into
a force that would drastically affect
their business
Airbnb became a blueprint for disruption
YouTube blahblah car
uber the list goes on what next daily
operations were passed a blue chazak in
2014 and today Chesky spends much of his
time
plotting Airbnb 'he's next moves which
includes transforming Airbnb into a
full-service travel company take the
breakfast part of env talk is in the air
of providing the added value of a full
home dining experience
restaurants can't say they didn't see
this one coming like all Airbnb
co-founders Chesky has signed warren
buffett's and bill and melinda gates
giving pledge promising to give away
over half of their wealth during their
lifetimes Chesky particularly wants to
help educate younger people regardless
of socioeconomic background about
entrepreneurism he says the one thing I
wasn't exposed to was entrepreneurism I
never met a CEO and I didn't think that
was possible it is conceivable he points
out that by doing this she could alter
the entire course of a person's life
right idea at the right time
thanks for watching this video we look
forward to making a video on your doing
in dollar success story one day don't
forget to click the subscribe button to
see how other billionaires got to where
they are today
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