Airbnb’s cofounder made an incredibly compelling pitch for startups to join Y Combinator: ‘We were 13 weeks away from walking away from it all’

• Airbnb’s cofounder Nathan Blecharczyk was asked at an event if there was a time when they almost shut down the business.
• In 2008, the startup couldn’t raise a dollar of venture capital. It had two customers, including Airbnb chief executive officer Brian Chesky.
• The cofounders made a pact that if they came out of startup accelerator Y Combinator and were “not in a materially better place” after 13 weeks, they would walk away.
• Blecharczyk said the accelerator gave the company the guidance and focus that it needed to survive.
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Source : BusinessInsider.Com