Here are all the companies Airbnb has acquired to help it grow into a $31 billion business
(Source: businessinsider.com)

clicks | 15 days ago | comments: discuss | tags: bitcoin


Article preview (bot search)

(Original link: businessinsider.com)

Mike Segar/Reuters Since its launch in 2008, Airbnb has gone from a startup renting air matresses to a multi-billion dollar global travel company. After a wave of lukewarm receptions for tech IPOs last year, Airbnb announced its own plans to brave the public markets in 2020. Investors wil be taking a close look at the company's reported losses , but also at its past acquisitions and how they will play into Airbnb's strategy going forward. Here's a list of all the companies Airbnb has bought up over the past twelve years.
Visit Business Insider's homepage for more stories.
Airbnb began out of necessity and good timing, as many startups do. Its founders needed to make rent, and with hotels in short supply thanks to a big design conference that was in town, they decided to offer up a spot on their floor , complete with an air mattress and breakfast.
Fast-forward twelve years later, and Airbnb has grown into a multi-billion dollar travel business offering everything from bespoke trips to property management services, with seven million rental property listings in more than 220 countries. But that didn't happen overnight.
Along the way, Airbnb gradually introduced additional products and services, expanding into new territory like business travel and entering markets across the globe. Sometimes, it took advantage help from the outside by buying up talent, technology, and potential competitors - often using them to launch new products and services all its own.
Last valued at $31 billion, Airbnb has said that it plans to go public this year . Investors wil be taking a close look at the company's reported losses , but also at its past acquisitions and how they will play into Airbnb's strategy going forward.
Since its inception in 2008, Airbnb has acquired 21 companies, from accessible travel startups to bitcoin payment apps.
Here is a list of all of the companies Airbnb has purchased over the years - at least, the ones we know about.
Accoleo (June 2011) Screenshot/The Internet Archive What it was: Accoleo, based in Hamburg, offered an Airbnb-like platform for rental properties across Germany.
Why Airbnb bought it: As Airbnb became a global phenomenon, a wave of clones popped up in its wake. With 60% of the company's revenue reportedly coming from overseas markets at the time, Airbnb wanted to fend off any potential competitors, so it bought Accoleo and launched its first international office .
What happened to the company: Accoleo founder Gunnar Froh went on to lead the new Airbnb office in Germany until 2013, while Airbnb shut down the site and incorporated Accoleo's listings into its own platform.
How much Airbnb paid: Undisclosed.
Crashpadder (March 2012) Screenshot/The Internet Archive What it was: Dan Hill and Stephen Rapoport had grown Crashpadder, essentially a London-based version of Airbnb, to 7,000 hosts across 100 countries by the time Airbnb bought it, according to the company's website.
Why Airbnb bought it: Continuing its international push, Airbnb purchased Crashpadder to lock down the UK market - and just in time for the 2012 Olympics .
What happened to the company: Crashpadder automatically migrated its hosts' accounts and listings to Airbnb as part of the transition.
How much Airbnb paid: Undisclosed.
DailyBooth (July 2012) Screenshot/The Internet Archive What it was: DailyBooth was a social media app built by Jon Wheatley and Ryan Amos that allowed users to photo-blog their "life in pictures."
Why Airbnb bought it: With smartphones taking off and more of Airbnb's traffic coming from mobile, the company wanted to bring on design and engineering talent to improve its mobile user experience, which DailyBooth had in spades under CEO Brian Pokorny.
What happened to the company: Pokorny and the DailyBooth team joined Airbnb, while the site shut down later that year.
How much Airbnb paid: Undisclosed.
NabeWise (July 2012) Screenshot/Airbnb What it was: NabeWise was a guide created by Ann Montgomery, Ben Hughes, and Andy Kramolisch to help users find out what a neighborhood was "truly like."
Why Airbnb bought it: Airbnb was quiet about the acquisition at the time, but later that year it unveiled a new product called Neighborhoods , a travel guide informed by interviews with locals as well as publicly available data.
What happened to the company: NabeWise shut down and its team was put to work on helping develop the Neighborhoods product.
How much Airbnb paid: Undisclosed.
Fondu (October 2012) Screenshot/The Internet Archive What it was: Fondu , started by Gauri Manglik, Orion Burt, and Mike Lewis, was a Yelp-like website and mobile app that offered "bite-sized local reviews."
Why Airbnb bought it: Still in its "acqui-hire" phase, Airbnb cited a natural fit with Fondu's team because of its product's roots in "layering discovery and community for trusted recommendations."
What happened to the company: Fondu's team joined Airbnb and eventually stopped posting reviews to the site.
How much Airbnb paid: Undis...