# Airbnb's pitch deck

> Airbnb's pitch deck: 14 slides, and the funding round we observed afterwards.

Source: https://millionrounds.com/decks/airbnb (Millionrounds; every figure on the page links to its filing or article)

A **Airbnb** Consumer internet 1 / 14 Read in the app

Pitch deck · Y Combinator Winter 2009

# Airbnb's *pitch deck*

The deck, and the 11 rounds we watched Airbnb raise afterwards, with the investors each report named.

Entire Home in Las Vegas for rent

14 slides 3.8MB US Consumer internet

Read the deck Free account. The deck belongs to Airbnb, so reading it needs one; everything on this page is public.

What is in it

## The deck, slide by slide

Each slide by what it argues. 14 slides against a median of 13 across the 1,712 decks we hold.

*median*

- 1 **Cover**
- 2 **Problem**
- 3 **Solution**
- 4 **Market**
- 5 **Market**
- 6 **Product**
- 7 **Business model**
- 8
- 9 **Competition**
- 10 **Competition**
- 11 **Team**
- 12 **Validation**
- 13 **Validation**
- 14 **Financials**

Cover Problem Solution Market Product Business model Competition Team Validation Financials

What happened next

## $4.0B across 11 rounds

**11** rounds observed **$4.0B** reported in total **Jan 2009** first we saw **Mar 2017** most recent

- Mar 2017 Series F **$1.0B** No investor was named in the report. Reported by FinSMEs
- Sept 2016 Series D **$555M** [Google Lead](https://millionrounds.com/fund/google-assistant-investments)[TCV Lead](https://millionrounds.com/fund/tcv) Reported by TechCrunch
- Nov 2015 Growth **$100M** [FirstMark Capital](https://millionrounds.com/fund/firstmark) Source recorded
- Jun 2015 Growth **$1.5B** [Baillie Gifford](https://millionrounds.com/fund/baillie-gifford)[China Broadband Capital](https://millionrounds.com/fund/china-broadband-capital)[Fidelity Investments](https://millionrounds.com/fund/fidelity)[GGV Capital](https://millionrounds.com/fund/ggv-capital)[General Atlantic](https://millionrounds.com/fund/general-atlantic)[Hillhouse Capital Group](https://millionrounds.com/fund/hillhouse-capital-group)[Horizon Ventures](https://millionrounds.com/fund/horizons-ventures)[Kleiner Perkins Caufield & Byers](https://millionrounds.com/fund/kleiner-perkins-caufield-and-byers)[Sequoia Capital](https://millionrounds.com/fund/sequoia-capital)[T. Rowe Price](https://millionrounds.com/fund/t-rowe-price)[Temasek Holdings](https://millionrounds.com/fund/temasek)[Tiger Global Management](https://millionrounds.com/fund/tiger-global-management)[Wellington Management](https://millionrounds.com/fund/wellington-management) Source recorded
- Apr 2014 Series D **$475M** [Dragoneer Investment Group](https://millionrounds.com/fund/dragoneer-investment-group)[Sequoia Capital](https://millionrounds.com/fund/sequoia-capital)[Sherpa Capital](https://millionrounds.com/fund/sherpa-capital)[T. Rowe Price](https://millionrounds.com/fund/t-rowe-price)[TPG Growth](https://millionrounds.com/fund/tpg) Source recorded
- Nov 2012 Series C **$200M** [Ashton Kutcher](https://millionrounds.com/fund/ashton-kutcher)[CrunchFund](https://millionrounds.com/fund/crunchfund-3)[Founders Fund](https://millionrounds.com/fund/founders-fund)[Sequoia Capital](https://millionrounds.com/fund/sequoia-capital) Reported by techcrunch.com
- Oct 2012 Venture **$6.6M** [Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz)[Sequoia Capital](https://millionrounds.com/fund/sequoia-capital) Source recorded
- Jul 2011 Series B **$112M** [Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz)[Ashton Kutcher](https://millionrounds.com/fund/ashton-kutcher)[CrunchFund](https://millionrounds.com/fund/crunchfund-3)[Digital Sky Technologies](https://millionrounds.com/fund/dst-global)[General Catalyst Partners](https://millionrounds.com/fund/general-catalyst)[Jeff Bezos](https://millionrounds.com/fund/jeff-bezos)[Oliver Jung](https://millionrounds.com/fund/oliver-jung)[Sequoia Capital](https://millionrounds.com/fund/sequoia-capital) Reported by techcrunch.com
- Nov 2010 Series A **$7.2M** [Ashton Kutcher](https://millionrounds.com/fund/ashton-kutcher)[Elad Gil](https://millionrounds.com/fund/elad-gil)[Greylock Partners](https://millionrounds.com/fund/greylock-partners)[Jeremy Stoppelman](https://millionrounds.com/fund/jeremy-stoppelman)[Keith Rabois](https://millionrounds.com/fund/keith-rabois)[SV Angel](https://millionrounds.com/fund/sv-angel)[Sequoia Capital](https://millionrounds.com/fund/sequoia-capital)[Youniversity Ventures](https://millionrounds.com/fund/youniversity-ventures) Reported by marketwire.com
- Apr 2009 Seed **$600K** [Sequoia Capital](https://millionrounds.com/fund/sequoia-capital)[Youniversity Ventures](https://millionrounds.com/fund/youniversity-ventures) Reported by venturebeat.com
- Jan 2009 Seed **$20K** [Y Combinator](https://millionrounds.com/fund/y-combinator) Reported by techcrunch.com

[Everyone who backed Airbnb](https://millionrounds.com/company/airbnb)

Form D

What they told the regulator

## Airbnb filed 10 Form Ds with the SEC

The company reporting its own raise, rather than a journalist reporting it.

**$1.5B** sold under the offering **Aug 2019** most recent filing

1 / 14

The deck itself

## Read Airbnb's full pitch deck

All 14 slides, each read for what it argues and set against the decks that raised at the same stage. The cover is shown here; the rest is read in the app.

Read the deck *→* Free account. The deck belongs to Airbnb.

## Investors who claim them

Firms listing Airbnb on their own portfolio page: the firm's own account rather than a round we watched. Weaker than an announcement, much stronger than a list somebody sold us.

[**FJ Labs** VC firm](https://millionrounds.com/fund/fj-labs)[**Lerer Hippeau** VC firm](https://millionrounds.com/fund/lerer-hippeau)[**Craft Ventures** VC firm](https://millionrounds.com/fund/craft-ventures)[**Granite Ventures** VC firm](https://millionrounds.com/fund/granite-ventures)[**Blockchain Capital** VC firm](https://millionrounds.com/fund/blockchain-capital)[**Iconiq Capital** Growth equity](https://millionrounds.com/fund/iconiq-capital-3)[**Band of Angels** Angel network](https://millionrounds.com/fund/band-of-angels)[**MetaProp Ventures** VC firm](https://millionrounds.com/fund/metaprop-ventures)[**Transmedia Capital** VC firm](https://millionrounds.com/fund/transmedia-capital)[**Bezos Expeditions** Family office](https://millionrounds.com/fund/bezos-expeditions)[**Garry Tan** Angel](https://millionrounds.com/fund/garry-tan)[**Geodesic Capital** VC firm](https://millionrounds.com/fund/geodesic-capital)[**ICONIQ Capital** Family office](https://millionrounds.com/fund/iconiq-capital)[**CapitalG** Corporate VC](https://millionrounds.com/fund/capitalg)[**A.Capital Ventures** VC firm](https://millionrounds.com/fund/a-capital-ventures)[**SWaN & Legend Venture Partners** VC firm](https://millionrounds.com/fund/swan-and-legend-venture-partners)[**Amity Ventures** VC firm](https://millionrounds.com/fund/amity-ventures)[**Sixth Street** Private equity](https://millionrounds.com/fund/sixth-street)[**MetaProp NYC** VC firm](https://millionrounds.com/fund/metaprop-nyc)[**Mighty Capital** VC firm](https://millionrounds.com/fund/mighty-capital)[**Smile Group** Venture studio](https://millionrounds.com/fund/smile-group)[**Darwin Ventures** Fund of funds](https://millionrounds.com/fund/darwin-ventures)[**Dedicated VC** VC firm](https://millionrounds.com/fund/dedicated)[**M.G. Siegler** VC firm](https://millionrounds.com/fund/m-g-siegler)[**Oceanic Partners** VC firm](https://millionrounds.com/fund/oceanic-partners)[**Adventure Capital** Private credit](https://millionrounds.com/fund/adventure-capital)[**Aliya Capital Partners** Private equity](https://millionrounds.com/fund/aliya-capital-partners)[**Catalus Capital** Private equity](https://millionrounds.com/fund/catalus-capital)[**K3 Ventures** VC firm](https://millionrounds.com/fund/k3-ventures)[**PeopleTech Partners** Accelerator](https://millionrounds.com/fund/peopletech-partners)

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[Browse all 1,712 decks](https://millionrounds.com/decks). We hold no record of where this file came from or on what terms. If it is yours and you would rather it were not here, [tell us](https://millionrounds.com/corrections?deck=airbnb) and it goes.
