Scripts

Airbnb:“TheCerealBoxCompany”

Airbnb had eleven days of cash left in 2008, so the founders did the only logical thing anyone in that position would do. They started making cereal.

Not a metaphor. Actual cereal, in actual boxes, folded by hand on the floor of a two-bedroom apartment because they couldn't afford a printer that folded them automatically.

Five hundred boxes of Obama O's. Five hundred of Cap'n McCain's. Forty dollars a box, generic corn cereal inside, sold to strangers walking into the Democratic National Convention. By the end of the week: thirty thousand dollars, and dinner, some nights, was the unsold Cap'n McCain's, because there wasn't money left for groceries either.

Thirty thousand dollars doesn't rebuild a company. It barely covers four more months of credit card minimums. That's exactly what it did. Nothing more.

Here's the part that actually matters, and it isn't the money. When they finally got in front of Paul Graham, the one investor left who might say yes, their pitch for a room-sharing website landed flat. He wasn't interested. Then they mentioned the cereal. Forty dollars, for a box that cost four to make, bought by people who didn't need cereal at all. Graham's read was instant: anyone who could talk strangers into that could talk strangers into opening their front door to other strangers, too.

That's the actual reason Airbnb exists. A stunt that shouldn't have worked. Receipts on a table. Proof these two would do something a little unhinged rather than fold.

Nobody remembers your deck. Everyone remembers the thing you did that was slightly insane and worked anyway.