For many people, when they learn about the company AirBed and Breakfast or they hear about it from financial planners like Richard Blair they are amazed that there is a way that you can rent out your home or a bedroom to travelers and make a profit. This is what attracted Richard Blair of wealth management to AirBnb. It was another safe investment he could offer to his clients. The business model is now so popular that there are literally scores of other companies that are doing the very same thing. This service is also now a worldwide phenomenon.
One of the largest promoters of AirBnb is Richard Blair of Wealth Solutions. Richard is a financial planner and registered investment advisor that offers his clients safe wealth management goals along with professional assistance in reaching those goals. He is comfortable giving clients proved and sound advice to safely reach their retirement goals using diversification strategies designed to meet or exceed the client’s expectations. AirBnb is just one of the products he recommends.
The story of how AirBnb got started is quite a story in itself. In 2007, two roommates, Brian Chesky and Joe Gebbia, could not afford the rent for their loft apartment in San Francisco. At the same time they were trying to figure out how to pay their rent, there was a conference being held in San Francisco by the Industrial Designers Society of America. Because the conference was such a popular attraction, all the hotels, and motels near it were completely booked up; there were no rooms available anywhere. Because of this collision of events, Brian and Joe got the brilliant idea of renting part of their apartment to some of the shows attendees. They decided to offer air beds and breakfast service to those interested and they almost immediately rented out the spaces they were advertising. They immediately recognized that they had killed two birds with one stone. By renting their apartment out to the conference attendees they not only made extra money to help pay their rent they had come up with a great idea for a multi-million dollar business. Their first three guests of their new business venture were attendees of the sold-out trade show that were unable to book a hotel room.
As soon as they realized what they had in their hands, they went full time with the venture. They then talked to technical architect Nathan Blecharczyk and asked him to join them as a co-founder. He immediately said yes and the website Airbed and breakfast.com officially launched in August of 2008. To help fund the site, the three founders created some special edition breakfast cereals and in two months generated over $30,000.00 dollars from their sales. This creative funding action also attracted the seed capital firm Y Combinator and venture capitalist Paul Graham both of whom put money into the new venture. In 2009, they expanded their website’s content to include renting entire homes, apartments, private rooms, boats, tipis, tree houses and just about any manner of space and home imaginable worldwide.
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