One year later, there were 15 people working from Chesky and Gebbia's loft apartment on Rausch Street in San Francisco. To make room for employees, Brian Chesky gave up his bedroom and lived at lodging booked via the Airbnb service until the company moved into its first office space. In April 2009, the company received $600,000 in seed money from Sequoia Capital and, in November 2010, raised $7.2 million in financing from Greylock Partners and, again, from Sequoia Capital, in a Series A round, then announcing that out of 700,000 nights booked, 80% had occurred in the previous six months.
This is a key role, where you'll be at the heart of our big push for growth in Europe, building our profile all across your territory. Leading a smart, talented team, you'll create a diverse portfolio of hotels that will allow millions of customers to get exactly the holiday they want. You'll make sure all of our hotel partners, from huge global chains, to family-run boutiques, get the most from our innovative technology, our unique breadth of global customers, and the data-based marketing solutions we can offer every single one of them.
American Airlines Vacations is pleased to provide you with the AmericanAirlines VacationsSM Leisure Discount Program. This program offers a 5% discount on all non-flight components (hotels, rental cars, theme park tickets, tours, etc.) purchased via your unique URL link to AAVacations.com. Discount is not applicable on air + car-only bookings The discount is applied throughout the booking and is reflected in the price page. This discount is available to all current members of your organization, and all travelers in the same reservation. A maximum of 6 passengers can be listed in a single reservation for American Airlines Vacations packages which include air.
To help fund the site, the founders created special edition breakfast cereals, with presidential candidates Barack Obama and John McCain as the inspiration for "Obama O's" and "Cap'n McCains". In two months, 800 boxes of cereal were sold at $40 each, which generated more than $30,000 for the company's incubation. It also got the company noticed by computer programmer Paul Graham, who invited the founders to the January 2009 winter training session of his startup incubator, Y Combinator, which provided them with training and $20,000 in funding in exchange for a small interest in the company. With the website already built, they used the $20,000 Y-Combinator investment to fly to New York City to meet users and promote the site. They returned to San Francisco with a profitable business model to present to West Coast investors. By March 2009, the site had 10,000 users and 2,500 listings.