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What a $20 billion startup looks like when it's just starting out, and everyone thinks the idea is stupid: Here's Airbnb's first-ever pitch deck

Alyson ShontellMar 28, 2015, 19:15 IST

Airbnb is a great startup success story. It's reportedly raising a new round of financing that will value the company around $20 billion.

But when Airbnb was first getting started in 2008, the founders struggled and would-be investors snubbed their idea.

The founders shared their first pitch deck with an MBA student, back when it wanted to be an air mattress rental company.