Tag Archives: disruption

Weekly Featured Company: Airbnb

Founded Headquarters Sector Employees Revenue Total Investment Recent Investment
2007 San Francisco, California Transactions 1,001-5,000  $250M $794.8M $475M
True disruption
Airbnb has created a brilliant business model that eventually became a disruptive force in the hospitality industry, changing the way people book accommodations and questioned existing laws and regulations. According to TechCrunch, Airbnb has more than 11 million guests stay since being launched in 2007. And while some cities have tried to ban Airbnb, most have chosen a smarter option: tax and license all operators under Airbnb. What makes the company truly disruptive is it’s the only one that has challenged local hospitality rules and regulations, bringing to light some flaws in the system. By virtue of its revenue, Airbnb has been a darling of investors and has raised $794.8 Million since 2009 and is now valued at around $10 billion. The success of Airbnb only means that times are indeed a-changing. As the economy continues to flounder and spendable income continues to shrink, businesses in the sharing economy will continue to thrive.