Airbnb Founders Brian Chesky and Joe Gebbia Documentary
Airbnb Founders Brian Chesky and Joe Gebbia Documentary
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00:00 A few years ago, it didn't appear as if Airbnb's future was bright.
00:05 Brian Chesky and Joe Gebbia have had a major impact on the vacation rental industry thanks
00:10 to a few savvy business decisions and a renewed focus.
00:14 So today let's have a look at the documentary about Brian Chesky and Joe Gebbia, the founders
00:20 of Airbnb.
00:22 Brian Joseph Chesky was born on August 29, 1981.
00:27 He is an American businessman and industrial designer.
00:31 His narrative is incredibly motivating, demonstrating how a simple concept may propel you to the
00:36 pinnacle of success, and how these ideas come from one of the most basic requirements.
00:42 His father is of Polish ancestry and his mother is of Italian ancestry.
00:47 Chesky's parents both worked as social workers.
00:50 Allison is his younger sister.
00:53 Chesky was fascinated by art as a kid, creating reproductions of artworks and designs and
00:59 refurbishing shoes and toys.
01:01 Later in life, he developed an interest in landscape design and architecture.
01:07 Chesky enrolled at the Rhode Island School of Design in 1999, or RISD.
01:13 In 2004, he obtained his Bachelor of Fine Arts in Industrial Design.
01:19 During his time at RISD, Chesky became friends with Joe Gebbia, who would later become one
01:25 of the co-founders of Airbnb.
01:27 Airbnb is an online marketplace that links people who wish to rent out their residences
01:33 with guests who are seeking lodging in specific areas.
01:37 Since 2007, when its founders, Brian Chesky and Joe Gebbia, initially proposed inviting
01:43 paying guests to rest on an air mattress in their bedroom, the firm has come a long way.
01:49 According to the most recent data from Airbnb, the company has over 5.6 million bookings
01:54 in over 100,000 towns and cities in 220 countries.
02:00 Airbnb has transformed the hospitality business.
02:03 Earlier in 2008, most travelers would have reserved a hotel or motel for their journey
02:08 to another city.
02:10 Many of these same individuals are now using Airbnb.
02:14 The concept underlying Airbnb is straightforward.
02:18 Find a method for locals to earn extra money by renting out their excess homes or rooms
02:23 to tourists visiting the region.
02:25 Guests that use this platform can market their services to millions of people globally while
02:30 knowing that a large organization will manage payments and provide help as required.
02:35 Brian was the one who came up with the co-concept for Airbnb in 2008, while residing in an apartment
02:42 and a local design convention was scheduled in the region.
02:46 Because of the conference, all of the motels and hotels in his neighborhood were fully
02:50 occupied, leaving participants scrambling for lodging.
02:54 Because Chesky and his roommates were in a bind after graduating from college, they opted
02:59 to rent out their space to conference attendees.
03:02 When they noticed the joy on their clients' cheeks when paying the rent, they chose to
03:06 continue on with the same concept.
03:09 Finally, the desire to earn extra money led to the creation of Airbnb, which blossomed
03:15 into a massive possibility for the betterment of both passengers' and hosts' experiences.
03:21 As per Chesky, he was always fascinated by Walt Disney's life, particularly the chapter
03:27 describing the development of Snow White.
03:30 He claimed that Disney's conduct of dedicating to the production of characters that the audience
03:35 loved despite being a danger inspired him to pursue his vision.
03:40 Furthermore, he incorporated a narrative design into his concept, which depicted a
03:45 wonderful vacation experience for both hosts and guests.
03:50 The next factor that contributed to Bryan's achievement was his attitude toward project
03:54 design.
03:55 He was more concerned with the type of service needed by clients than with the ideas created
04:00 by the developers.
04:02 For all of this, he and his colleagues spent a significant amount of time strolling the
04:06 streets and gathering input from individuals about what they would anticipate from such
04:11 a service.
04:13 As a result, all of his work gathering ideas, suggestions and complaints from real customers
04:19 led to the very successful business that is still around today.
04:23 As of 2022, Bryan Chesky's net worth is estimated to be $13.2 billion.
04:31 Joe Gebbia – Early Life and Education
04:34 It was on August 21, 1981, when American billionaire designer Joseph Gebbia Jr. was born.
04:42 Joe Gebbia was raised in Lawrenceville, Georgia with one sister, Kimberly.
04:47 Throughout his childhood, he was involved in sports, singing and art, and he did several
04:53 jobs notably as a ball boy for the Atlanta Hawks.
04:57 Gebbia went to Snellville, Georgia's Brookwood High School.
05:00 He earned a Bachelor of Fine Arts degree in Graphic Design and Industrial Design from
05:05 RISD in Providence, Rhode Island, in 2005.
05:10 At RISD, he met Bryan Chesky, who later became his roommate and Airbnb co-founder.
05:18 While learning in the Northeast, Gebbia supplemented his creative endeavors and studies at RISD
05:24 with business education at Brown University and the Massachusetts Institute of Science
05:29 and Technology.
05:31 As we all know, the idea originated in the late 2007.
05:35 Nevertheless, the concept took a long time to sink in.
05:38 Joe appealed to investors in the early phases for assistance in growing the idea, but neither
05:44 of the investors' interests resulted in a deal.
05:48 Even though the concept was intriguing, investors were unable to fathom how inviting outsiders
05:53 into your home and promoting your most private rooms online could succeed.
05:59 On the other hand, Joe would not surrender and instead came up with another concept to
06:04 keep the hopes alive - the breakfast side of the B&B.
06:08 Manufacturing bespoke political cereal boxes with the faces of key political people on
06:13 them, such as Obamas, he created the cover, purchased cereal boxes from the supermarket
06:20 and applied his own label.
06:22 The boxes sold for up to $45 each, allowing for the sustained growth of the Airbnb product
06:29 as well as entry into the Y Incubator initiative, which propelled the idea forward.
06:35 At the incubator's inaugural meeting, Joe was pushed to go to where his early investors
06:40 were to conduct market research on the field rather than sit in the safety of the incubator
06:46 behind a computer.
06:47 This is where things truly began to alter, and the rest is history.
06:52 As of 2022, Joe Gebbia's net worth is estimated to be $11.4 billion.
07:00 Social Impact Joe Gebbia has a rich history of philanthropy.
07:04 Refugee help and residential assistance are two independent strands of Gebbia's work.
07:09 In 2020, Joe and his team established Airbnb.org, a non-profit that allows Airbnb landlords
07:17 to lodge guests in times of distress.
07:20 Gebbia's private $5 million donation helped the fund's efforts to assist refugees and
07:25 asylum applicants.
07:27 Airbnb.org has assisted in the sheltering of over 75,000 people affected by natural
07:33 calamities in 70 countries, notably tsunamis in Japan and earthquakes in Mexico.
07:40 Their hosts assisted in hosting frontline employees during the COVID-19 pandemic and
07:45 are currently housing 20,000 African refugees in the United States.
07:51 Giving Pledge The founding members of Airbnb, Brian Chesky
07:55 and Joe Gebbia, have signed the Giving Pledge, a club of billionaires who have pledged to
08:00 give away the bulk of their money.
08:03 All three Airbnb co-founders, Brian Chesky, Nate Blekeczek, and Joe Gebbia, have signed
08:09 the Giving Pledge, pledging to donate the bulk of their fortune to philanthropy or philanthropic
08:14 organizations.
08:16 This is an excellent first step in making the world a better place to live.
08:20 So there you have it.
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08:29 Until next time.
08:30 [Music]