In February 2011, Airbnb announced its millionth night booked. In January 2012, the company announced its five millionth night booked. In June 2012, Airbnb announced 10 million nights booked, doubling business in the previous five months. Of these bookings, 75% of the business came from markets outside of the continental United States.
You'll be the voice of Expedia for our hotel partners. As you onboard new hotels, you'll find out everything from location to pool size, star ratings to number of rooms. Then you'll upload all that information onto websites seen by millions across the globe. You'll make sure it's 100% accurate of course – but also that it's attractive to customers and competitive in the market, with the right rate plans, promotions and seasonal deals. You'll build a strong relationship with the hotels you work with, making sure they get the very most from being on our websites, and giving them training on how to use our innovative Expedia tools to help catch the customer's eye.
To help fund the site, the founders created special edition breakfast cereals, with presidential candidates Barack Obama and John McCain as the inspiration for "Obama O's" and "Cap'n McCains". In two months, 800 boxes of cereal were sold at $40 each, which generated more than $30,000 for the company's incubation. It also got the company noticed by computer programmer Paul Graham, who invited the founders to the January 2009 winter training session of his startup incubator, Y Combinator, which provided them with training and $20,000 in funding in exchange for a small interest in the company. With the website already built, they used the $20,000 Y-Combinator investment to fly to New York City to meet users and promote the site. They returned to San Francisco with a profitable business model to present to West Coast investors. By March 2009, the site had 10,000 users and 2,500 listings.