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On June 26, 2008, our friend Michael Seibel introduced us to 7 prominent investors in Silicon Valley. We were attempting to raise $150,000 at a $1.5M valuation. That means for $150,000 you could have bought 10% of Airbnb. Below you will see 5 rejections. The other 2 did not reply.

The investors that rejected us were smart people, and I am sure we didn’t look very impressive at the time.

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Next time you have an idea and it gets rejected, I want you to think of these emails.

Written by

Co-founder, CEO of Airbnb

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