We are delighted to announce Airbnb has been accepted into Y-Combinator’s Winter ‘09 session. YC (for short) is a seed fund for early stage companies. Each year they (Paul Graham & Co) select a small number of companies to invest in. Over the course of three months the start-ups meet together on a weekly basis for dinner, advice, and a who’s who speaker from Silicon Valley.
We’ve been working furiously on improvements to the site. Nathan has been cranking on the backend (mostly stuff the average user won’t see). Brian has been pursuing biz dev leads, and working with me to redesign key parts of the airbnb.com experience.
The last 10 weeks have been nothing short of enlightening for our team. From the dinner talks with who’s who in Silicon Valley, to chatting with the other co-founders, we absorbed it all. And it shows. The traction we earned over the last 12 weeks is enough to make us a profitable company, and we’re not even through yet. YC climaxes with ‘Demo Day’ – a presentation of your start-up to over 100 investors looking for the next big thing. See last year’s batch on TechCrunch, and stay tuned for some addtional news in the coming months.
Joe, Nathan & Brian