🛏️ From Air Mattresses to a Global Empire

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Happy Easter everyone!

Alberto here, and today, we're diving into a remarkable story of innovation, community, and opportunity.

🔍 This Week's Featured Opportunity: A Ring-Like Investment

You might recall Ring, the smart doorbell company that appeared on Shark Tank in 2013, seeking $700,000 for a 10% stake. Despite the rejection, Amazon acquired Ring for over $1 billion in 2018, marking one of its largest acquisitions.​

Today, we bring you a similar opportunity. While we won't reveal too much, just check it for yourself 👇

The Supply Chain Crisis Is Escalating — But This Tech Startup Keeps Winning

Global supply chain chaos is intensifying. Major retailers warn of holiday shortages, and tech giants are slashing forecasts as parts dry up.

But while others scramble, one smart home innovator is thriving.

Their strategic move to manufacturing outside China has kept production running smoothly — driving 200% year-over-year growth, even as the industry stalls.

This foresight is no accident. The same leadership team that saw the supply chain storm coming has already expanded into over 120 BestBuy locations, with talks underway to add Walmart and Home Depot.

At just $1.90 per share, this resilient tech startup offers rare stability in uncertain times. As investors flee vulnerable companies, this window is closing fast.

SECURE YOUR POSITION BEFORE PRICES RISE

_{Past performance is not indicative of future results. Email may contain forward-looking statements. See US Offering for details. Informational purposes only.}

🏡 From Air Mattresses to Empowering Hosts

In 2008, Airbnb began as a simple idea—renting out air mattresses in a San Francisco apartment. Fast forward to 2020, Airbnb transformed the travel industry and made a groundbreaking decision: they invited their hosts to become investors in the company.

Recognizing that hosts were integral to Airbnb's success, the company launched a Directed Share Program ahead of its IPO. This initiative allowed U.S.-based hosts to purchase shares at the IPO price of $68 per share. The program was designed to reward hosts who had been with Airbnb for a significant period, with the number of shares available based on tenure and activity on the platform.

Despite the limited number of shares and the competitive demand, many hosts seized the opportunity. Some, like Jino Cabrera from Los Angeles, purchased the maximum 200 shares. When Airbnb's stock debuted, it opened at $146 per share, more than doubling the IPO price. Cabrera sold his shares at this price, realizing a gain of nearly $15,000—a testament to the value of being part of a company's journey from the ground up.

However, not all hosts had the chance to participate. The program was exclusive to U.S. hosts, leaving many international hosts feeling excluded. Additionally, some hosts overlooked or deleted the invitation emails, missing out on what would have been a lucrative investment opportunity.

💰 Financial Snapshot

As of Q4 2024, Airbnb reported:

• Revenue: $2.5 billion (up 12% YoY)

• Net Income: $461 million (19% net income margin)

• Adjusted EBITDA: $765 million (31% margin)

• Free Cash Flow: $458 million (18% margin)

These figures highlight Airbnb's robust financial health and its ability to generate substantial cash flow.

🧭 Host Equity: A Pioneering Move

Ahead of its IPO, Airbnb introduced a Directed Share Program, allowing U.S.-based hosts to purchase shares at the IPO price of $68 per share. This initiative enabled hosts to become stakeholders, sharing in the company's success. For instance, Jino Cabrera, a Los Angeles host, purchased 200 shares and sold them at $146 per share on the first day of trading, realizing a significant return .

📈 Current Valuation and Market Performance

As of April 18, 2025, Airbnb's stock (NASDAQ: ABNB) is trading at $112.70, reflecting a market capitalization of approximately $70 billion. This valuation underscores Airbnb's continued growth and investor confidence .

💡 Key Takeaways for Founders and Investors

• Community as Capital: Airbnb's decision to offer shares to hosts highlights the value of community engagement. By involving hosts in the company's financial success, Airbnb strengthened its relationship with its user base.

• Transparency and Trust: Offering hosts a stake in the company was a strategic move to rebuild trust, especially after the challenges posed by the pandemic and the company's decisions during that period.

• Global Considerations: Limiting the program to U.S. hosts sparked discussions about fairness and inclusivity. For founders, this underscores the importance of considering global communities when making decisions that affect your user base.

Thank you for reading this special edition of Founderscrowd Sunday Spotlight. We hope Airbnb's journey inspires your investment decisions. Stay tuned for more insights in our next newsletter.

Warm regards,

Alberto
Founder, Founderscrowd