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.
So a meaningful conclusion can be like: “A rejection from investing in your idea doesn’t mean that your startup is not good, it means that has not been impressive yet.”
Result…7 years later!
More info for Airbnb key stats