It feels like Airbnb has been in our collective vocabulary forever—but cofounders Joe Gebbia and Brian Chesky did not start the property-sharing app right up until 2008. The hospitality platform took off in just a couple many years, which resulted in Gebbia and Chesky likely from not staying able to make hire to attaining billionaire standing prior to they turned 40.
Gebbia arrives from a humble upbringing in Atlanta and by no means expected starting a billion-dollar hospitality brand. And although he a short while ago stepped absent from his total-time position at Airbnb, he carries on to be 1 of the most influential persons in the hospitality market.
Gebbia modified the way hundreds of thousands of men and women vacation and search for out lodging about the earth, nevertheless his day-to-day spans far past the realms of room-sharing and hospitality.
How did Joe Gebbia arrive up with the thought for Airbnb?
Gebbia under no circumstances imagined the thought for Airbnb would acquire off the way it did. In point, the notion was born organically out of a past-minute need for overnight lodging and a way to aid make sure he produced his have rent for the month.
He and Chesky, his Airbnb cofounder, made the final decision to open their San Francisco condominium in 2007 when a design and style convention arrived to town and there weren’t sufficient hotels for the quantity of meeting-goers. The roommates ended up hosting strangers on their apartment floor on air mattresses—and it went so very well that they decided the thought could go further than the a person-off working experience.
The “shared economy” concept was even now new at the time, but Gebbia and Chesky solid in advance, and in August 2008 launched what was then recognized as Airbedandbreakfast.com. The thought was simple: to aid join home owners and renters with additional house to travelers in need of no-frills and economical accommodations.
Gebbia and Chesky financed their startup with dozens of particular credit playing cards and lifted funds promoting politically themed cereal bins right until they caught the awareness of Y Combinator cofounder Paul Graham, who acknowledged them into his startup accelerator.
Did Joe Gebbia promote Airbnb?
Whilst Gebbia announced in July 2022 that he will be stepping down from his entire-time role at Airbnb to go after other ventures and shell out far more time with his loved ones, the Airbnb cofounder did not, in actuality, offer his shares of the family vacation rental platform.
He also is not stepping absent from Airbnb solely. Gebbia will carry on to provide on the board of the organization and will choose on a new job as an adviser to the brand.
Gebbia will also continue on to be closely concerned with Airbnb.org—the company’s nonprofit group, which associates with other nonprofit companies to supply crisis housing all through times of disaster. The 40-yr-previous world-wide-web entrepreneur will also carry on to act as the chairman of Samara, Airbnb’s design studio.
Irrespective of stepping down from his entire-time position, Gebbia is even now associated in all features of the manufacturer. According to Forbes.com, Gebbia and his founding enterprise associates, Brian Chesky and Nathan Blecharcyzk, have approximately 44% voting control of the Airbnb manufacturer. Gebbia even now owns a 14.2% stake in Airbnb Class B shares.
What is Joe Gebbia’s internet really worth?
The Bloomberg Billionaires Index lists Airbnb cofounder Joe Gebbia as the 291st richest particular person in the United States. Though Gebbia a short while ago stepped down from his complete-time job at the condominium-sharing system, the online mogul’s net well worth is however estimated to be roughly $7.3 billion.
The web entrepreneur and philanthropist is detailed as a person of the youngest associates to sign up for the Providing Pledge—a principle developed by Bill Gates and Melinda French Gates with Warren Buffett that urges ultra-significant-web-truly worth men and women to pledge extra than 50 % of their prosperity to philanthropic results in. Aside from Airbnb.org, his personal nonprofit corporation, Gebbia has donated a major part of his prosperity to a variety of will cause, together with Educate Girls, Salk Institute Harnessing Crops Initiative, Thorn, and a lot more.
Gebbia also sits on the board of trustees at his alma mater, the Rhode Island School of Design, exactly where he pledged $300,000 to aid develop an endowed fund to make tuition obtainable for pupils in want of economical aid. He recently donated 22 shares of Airbnb stock to the whole class of 2022 at Brookwood Significant School, his Atlanta-space alma mater, and is regarded to on a regular basis donate to grade universities in the U.S.