Timeline of Airbnb

This is a timeline of Airbnb, a company that brokers private lodging rentals through its website.

Timeline

Year	Month and date	Event type	Details
2007	October	Idea creation	Brian Chesky and Joe Gebbia create the initial concept for AirBed & Breakfast during the Industrial Design Conference held by Industrial Designers Society of America. [1] The original site offers short-term living quarters, breakfast and a unique business networking opportunity for attendees who were unable to book a hotel in the saturated market. [2] Chesky and Gebbia themselves use Airbnb to help meet the rent for their loft in San Francisco. [3]
2008	February	Team	Harvard University graduate and technical architect Nathan Blecharczyk joins as the third co-founder of AirBed & Breakfast. [4]
2008	August 11	Product	The Airbedandbreakfast.com website launches. [5]
2008	August–November	Funding	To raise enough seed money to sustain their business, Airbnb sells cereal boxes for Barack Obama and John McCain. [6] They sell 800 boxes at $40 each, netting $30,000 in funding for the company. [7] Their most successful single sale event is the Democratic National Convention in August 2008. [8]
2009	January	Funding	Airbnb is accepted into Y Combinator's Winter 2009 batch and receives $20,000 in funding. [9] [10] Y Combinator co-founder Paul Graham says that even though he is not a fan of Airbnb's idea, he is impressed by their creative methods for bootstrapping their funding situation by selling cereal. [8] [11]
2009	March	Product	The website name is shortened from Airbedandbreakfast.com to Airbnb.com, and the site's content has expanded from air beds and shared spaces to a variety of properties including entire homes and apartments, private rooms, castles, boats, manors, tree houses, tipis, igloos, private islands and other properties. [12]
2009	March	Funding	Airbnb raises $585,000 from Sequoia Capital and $30,000 from Youniversity Ventures partners Jawed Karim, Keith Rabois, and Kevin Hartz in a seed round valuing the company at $2.4 million. [13] [14]
2010	June 21	Team	In response to increasing overcrowding at his residence, that is doubling up as an Airbnb office, co-founder and CEO Brian Chesky decides to move out of his apartment and live using Airbnb for a few months. [15]
2010	November	Funding	Airbnb receives $7.2 million in Series A funding from Greylock Partners and Sequoia Capital, and announces that out of 700,000 nights booked, 80% had occurred in the past six months. [16]
2011	February	Usage milestone	Airbnb announces its 1 millionth booking since the website launch in August 2008. [17] [18]
2011	March 16–17	Funding	Venture capitalist Fred Wilson publishes a blog post saying that his firm's decision not to invest in Airbnb was a mistake. [19] The next day, Y Combinator co-founder Paul Graham publishes (with permission) correspondence between himself and Fred Wilson about the possibility of Wilson investing in Airbnb. [20]
2011	May 25	Endorsements	Actor and partner at A-Grade Investments, Ashton Kutcher, announces a significant investment in the company and his role as a strategic brand advisor for the company. [21]
2011	May 31	Acquisitions by Airbnb, international expansion	Airbnb acquires Accoleo, a small German clone of its service, thereby expanding to Germany. [22] [23]
2011	July 24	Funding	Airbnb raises $112 million in additional funding. The investment round is led by Andreessen Horowitz and other investors include DST Global Solutions and General Catalyst. [24] [25] [26]
2011	October	Funding, controversy	An email allegedly written by Chamath Palihapitiya to Airbnb CEO Brian Chesky, that was critical of the manner in which Airbnb was structuring its funding round, is leaked to Kara Swisher of AllThingsD. [27] [28] A follow-up reveals that new aspects of the deal are in development that might alleviate some of the concerns expressed by Palihapitiya, and he is reconsidering his decision not to invest in the funding round. He also expressed regret about the email being leaked, and he said that he was not responsible for the leak. [29] [30]
2011	October	International expansion	Airbnb opens up its second international office in London in the United Kingdom. [31]
2012	January	Usage milestone	Airbnb announces its 5 millionth booking. [32]
2012	(early year)	International expansion	Airbnb opens six international offices, in the cities Paris, Milan, Barcelona, Copenhagen, Moscow, and São Paulo. [33] These are in addition to existing offices in San Francisco, London, Hamburg, and Berlin where Airbnb maintains its international presence for the EMEA markets within a German incubator space. [34]
2012	June	Usage milestone	Airbnb announces its 10 millionth booking. [35]
2012	July 25	Acquisitions by Airbnb, international expansion	Shortly before the 2012 Summer Olympics Airbnb acquires London-based rival CrashPadder, subsequently adding six thousand international listings to its existing inventory. [36]
2012	November 2	International expansion	Airbnb co-founder and CEO Chesky announces his focus on Australia, the second largest Airbnb market behind the United States, as well as Thailand and Indonesia. To support this effort, Airbnb opens its 11th office in Sydney. [37] The Australian consumer accounts for one-tenth of the Airbnb user base. [38]
2012	November 12	International expansion	Airbnb announces its strategy to move more aggressively into the Asian market with the launch of their newest headquarters in Singapore. The company's goal is to acquire an additional 2 million properties within the continent. [39]
2012	November 13	Acquisitions by Airbnb	Airbnb acquires NabeWise, a city guide that aggregates curated information for specified locations, in November 2012. [40] This acquisition shifts the company focus toward offering hyperlocal recommendations to travelers. [41]
2012	December 13	Acquisitions by Airbnb	Airbnb announces the acquisition of Localmind. [42] Localmind is a location-based question and answer platform that allows users to post questions about specific locations online. These questions are then answered in real-time by experts on the specified territories. [43]
2013	September	International expansion	Airbnb announces that European headquarters would be located in Dublin, Ireland. [44]
2014	January 31	Partnerships	Airbnb announces plans to partner with home cleaning services whereby the home cleaning service is available at a discount to those who are about to host people via Airbnb, in order to incentivize hosts to prepare homes well for guests and also give guests a more standardized experience. Prospective partners include Homejoy and Handybook. [45]
2014	March 14	Company	Airbnb announces plans to open a new "operational headquarters" for North America in Portland, Oregon, in summer 2014, but indicated that its main North American headquarters would remain in San Francisco. [46]
2014	April (unofficial rumors), August 1 (announcement in SEC filing)	Funding	It is announced in April that Airbnb is getting an investment by TPG Capital at a valuation of approximately $10 billion. The amount of funding is variously reported as $450 million and $500 million. [47] [48] On August 1, the round is revealed to be a $475 million round. [49] [50]
2014	July 16	Product	Airbnb reveals design revisions to their site and mobile app, and introduced a new logo. [51] Some consider the new icon to be visually similar to genitalia, [52] but a consumer survey by Survata shows only a minority of respondents thought this was the case. [53]
2014	July 21	Partnerships	Airbnb announces that its home cleaning trial will be in three cities, and lists Handybook as its sole partner. Homejoy, which had earlier been listed as a partner, is dropped. [54]
2014	July 28	Partnerships	Airbnb announces a partnership with Concur, an expense reporting service for businesses, to make it easier for business travelers to report Airbnb stays as business expenses. [55]
2014	September 17	Financial/legal	Airbnb announces that it will start collecting and remitting a 14% tax for short-term rentals in San Francisco starting October 1. [56]
2014	October 23	Funding	Airbnb announces arrangements for an employee stock sale. Valuations for the sale are rumored at around $13 billion. [57] [58]
2014	October 27	Financial/legal	San Francisco Mayor Ed Lee signs a law making short-term rentals legal in San Francisco, thereby legalizing Airbnb. The law gets the moniker of "Airbnb law" because Airbnb is the most affected company. [59]
2014	November 3	Financial/legal	Vacation rental company HomeAway sues San Francisco for the Airbnb Law. [60] [61]
2014	November 20	Product	Airbnb expands its liability insurance program for hosts and landlords. Whereas the initial liability insurance program was limited to property damage due to the guest, the new program $1 million worth of protection in the case a guest is accidentally injured anywhere in a host's building or on their property during their stay. Rentals starting January 15, 2015 will automatically be covered under the new program. [62]
2015	January 30	Financial/legal	Airbnb announces that it will start collecting taxes in Amsterdam, San Jose, Chicago, and Washington, D.C. [63]
2015	February 25	Partnerships	Airbnb announces a partnership with Deutsche Telekom, the parent company of T-Mobile, to have its app pre-installed on mobile phones in 13 countries. Those who register for the service via DT will get 30 euros of vouchers to stay in Airbnb rooms. [64]
2015	April 29	Product, accessibility	Airbnb launches an official iPad app. [65]
2015	June 4	Product	Airbnb adds a pricing recommendation tool, called Price Tips, offering suggestions on appropriate prices for people renting our apartments. [66]
2015	June 28	Funding	Airbnb closes $1.5 billion in additional funding, bringing its funding total to $2.3 billion. The valuation for the round is $25.5 billion. [67] Both the amount raised and the valuation are higher than those originally projected when rumors of the round originally circulated in late February/early March (when the numbers were $1 billion and $20 billion respectively). [68] [69]
2015	August 25 (announcement), October 1 (start date)	Legal	Airbnb announces that it will start collecting a tourist tax on Airbnb rentals in Paris starting October 1. The tax amount will be 0.83 euros per night. [70]
2015	September 3	Product	Airbnb releases an app for the Apple Watch, whose main focus is to facilitate communication between guests and hosts. [71]
2015	September 11	Acquisitions by Airbnb	Airbnb announces its acquisition of Vamo, a company based in Seattle whose product is a multi-city trip planning app. The app would be shut down as part of the acquisition; the purpose of the acquisition is to use the team's expertise to help with the aspects of the user experience related to travel beyond just booking an Airbnb. [72] [73]
2015	November 4	Financial/legal	San Francisco voters vote No on Proposition F, a measure to restrict Airbnb rentals in the city. [74] In the run-up to the vote, Airbnb spent over $8 million in advertising to the public against the measure, whereas groups supporting Proposition F spent less than a million dollars. [75] As part of its advertising campaign, Airbnb put out ads highlighting the role that the $12 million in taxes paid by it has played in funding city operations, but the ads are perceived by many as tasteless, so the company withdraws them and apologizes. [76]
2015	November 12	Product, partnerships	Airbnb announces a new "Business Travel Ready" badge and host tools. [77]
2016	June	Legal	Airbnb sues the city of San Francisco over a new law that would require Airbnb to verify that their hosts are registered with the city. [78] [79]
2016	July	Funding	Airbnb is reported to be raising $850 million at a $30 billion valuation. [80]
2016	August		The city of Barcelona cracks down on homes that are illegally rented out to tourists, including houses listed on Airbnb. In addition, Barcelona's town hall announces that it would fine Airbnb and HomeAway (a similar service). [81]
2016	September	Acquisition	Airbnb acquires the travel startup Trip4real. [82]
2016	September	Product	Airbnb launches their "Friendly Buildings Program", which lets landlords and homeowners associations collaborate with Airbnb to create hosting rules, update leases and agreements to allow home-sharing, and to share portions of their tenants' reservation income. [83]
2016	October	Competition	Two Airbnb rivals, Wimdu and 9flats, consolidate in a merger. [84]
2016	October	Legal	Airbnb sues New York City over a new legislation that would make it illegal for Airbnb to display housing units that cannot be rented legally, and would also allow fines of up to $7,500 on hosts who rent out housing illegally. In its suit, Airbnb argues that the liability for rental listings belongs to the hosts who post them. [85] [86] [87] [88]
2016	November	Product	Airbnb launches the "experiences" feature in the Airbnb app. This feature allows hosts to offer tours and events in addition to places to stay. [89]
2016	December 2	Legal	Airbnb settles the lawsuit it filed against New York City. Airbnb agrees to drop the suit as long as the city fines only the hosts and not Airbnb. [90]
2017	January 28		Brian Chesky, CEO of Airbnb, tweets that the company will give free housing to refugees and any others not allowed into the United States as a result of President Trump's executive order to temporarily ban refugees from the United States. [91] [92]
2017	February 16	Acquisition	Airbnb acquires Luxury Retreats, an Airbnb-like service for high-end homes and premium vacation homes. The deal is reported to be $200–$300 million. As of the time of the deal, it is Airbnb's largest acquisition. [93] [94]
2017	February	Acquisition	Airbnb acquires Tilt, a social payment startup. [95] [96] [97] [98]
2017	November 13	Acquisition	Airbnb acquires AdBasis, advertising technology platform built for A/B testing and Multivariate ad testing. [99]
2017	November 16	Acquisition	Airbnb acquires Accomable, a startup focused on travel accessibility. [100] [101]
2017	November 28	Product	Airbnb began allowing users to split payments with up to 16 other travelers. [95] [96] [97] [98]
2017	December	Product	Following a cash infusion from Brookfield Property Partners, Airbnb announces their "Niido" line of apartment buildings designed for tenants to rent out their units for up to 180 days per year on Airbnb, in conjunction with their landlords. Two Niido properties opened the following year in Nashville, Tennessee and Kissimmee, Florida. [102]
2018	February	Product	Brian Chesky revealed the company's intention to launch an airline. [103]
2018	February	Product	Airbnb announced Airbnb Plus, a collection of homes that have been vetted for quality of services, comfort and design, [104] as well as Beyond by Airbnb, which will offer luxury vacation rentals. [105]
2019	January	Acquisition	Airbnb acquires Gaest, an Aarhus, Denmark-based startup, which provides a platform for posting and booking venues for meetings and other events. [106]
2019	March	Acquisition	Airbnb acquires HotelTonight, a website for booking last-minute hotel rooms, for over $400 million. [107] [108]
2019	June	Product	Airbnb announces their "Natiivo" line of condo hotels, which feature amenities such as 24-hour concierge, valet parking, co-working spaces, and other amenities. The first two Natiivo locations are planned for Austin, Texas and Miami, Florida. [109]
2020	August	IPO	Airbnb announces it has confidentially filed for an initial public offering. [110]
2020	November	IPO	Airbnb files its public S-1 IPO filing. [111]

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