Whitmore Capital Group
Whitmore Capital’s connected investment initiative connects investors globally, maximising opportunity while minimising risk.
An industry said to be worth $335 Billion USD by 2025, the market sector that has appeared from nowhere, created some of the largest most valuable privately held businesses in history but as businesses they own nothing that they sell? With much media coverage around the likes of Spotify, Uber as well as the eagerly awaited IPO of Airbnb predicted to be March 2018 worth a staggering $60 Billion USD, if you don't know this sector by now....... don't you think it's time to learn! Watch this.......
Pssst....D'know anything about
Sharing Economy?
Whitmore Capital connected
investment network
FINAL DESTINATION
One of the most hotly awaited tech IPOs of a generation is inching closer to reality. Airbnb CEO Brian Chesky says the company will be “ready as absolutely soon as we can.”
March 2018 could see the giant of the sharing economy sector realise a valuation of over $60 Billion USD, we take a look at the journey that Chesky and his colleagues at Airbnb have been on over the last 10 years.... from inflatable air beds to $60 Billion USD 's?
Think globally, act locally.
10 YEAR JOURNEY
$60
BILLION USD.
Airbnb show why investing in the sharing economy should be on every investors bucket list.
the
sixty
billion
dollar
journey
Think globally, act locally.
Birth of a Billion Dollar Baby.
San Francisco, 2007.
\
During a weekend when hotels are sold out for a design conference, Brian Chesky and Joe Gebbia host the first of guests of Airbedandbreakfast.com to make rent money
"3 air mattresses on the floor and the promise of a home-cooked breakfast in the morning, $80 per night, per per person"
Joe Gebbia,
Co-founder, airbnb
the
sixty
billion
dollar
journey
Think globally, act locally.
SPRING 2008
former roommate and engineer
Nathan Blecharczyk
to help them get
"Airbed & Breakfast"
off the ground.
March 2008
Airbed & Breakfast launches and makes two bookings
the
sixty
billion
dollar
journey
Think globally, act locally.
"Creativity is intelliegence having fun."
Albert Einstein
August 2008
The formal Airbed & Breakfast website launches for the Democratic National Convention to offer a solution for hotel room shortages and makes 80 bookings
the
sixty
billion
dollar
journey
Think globally, act locally.
Fall 2008
"Brian and Joe come up with the idea of Obama O's and and Cap'n McCains and sell $30K worth"
Seed funding of $30,000 raised through sale of Cereals
the
sixty
billion
dollar
journey
Think globally, act locally.
Airbnb famously used a groth hack to phish for customers and grow traffic.
Text
March 2009
Airbed & Breakfast changes its name to Airbnb and expands beyond just rooms to apartments, houses and vacation rentals.
September 2009
First International meetup in Paris
Fall 2008
the
sixty
billion
dollar
journey
Think globally, act locally.
Joe Gebbia, Chief Product Officer
Text
November 2010
Airbnb launches the iPhone app and Instant book feature
“People told us what they wanted, so we set off to create it for them.”
Despite what venture capitalists thought—people wanted the service Airbnb offered.
Series A Funding
$7,200,000
Nov 10, 2010
Ashton Kutcher
Founder Investor
Series A Funding
the
sixty
billion
dollar
journey
Think globally, act locally.
Hosts could automatically schedule a professional photographer to come and photograph their space.
Though initially only 20 photographers were contracted by Airbnb, the service became an instant hit.
Though this initiative wasn’t cheap for the cash-strapped startup, the founders felt that the long-term benefits—enhanced listings resultings from this program are two and half times more likely to be booked, and they earn their hosts an average of $1,025 per month—were well worth the cost.
By 2012, that number had grown to more than 2,000 freelance photographers employed by Airbnb to photograph 13,000 listings on six continents.
airbnb photography program official launch summer 2010
January 2011
Actor and partner at A-Grade Investments, Ashton Kutcher, announces a significant investment in the company and his role as a strategic brand advisor for the company
Think globally, act locally.
Series B
Funding
$112,000,000 USD
Lead Investor
Airbnb announces its 1 millionth booking since the website launch in August 2008
March 2011
the
sixty
billion
dollar
journey
the
sixty
billion
dollar
journey
Think globally, act locally.
Airbnb famously used a groth hack to phish for customers and grow traffic.
Text
Airbnb’s Nate Blecharczyk Confirms It Raised A $200M Round Led By Founders Fund
Largest round of funding at that point, giving a valuation of $2.5 Billion USD Oct. 2013
Lead Investor
Airbnb announces that European headquarters would be located in Dublin, Ireland.
Airbnb announces its 10 millionth bookingJune 2012
Airbnb announces plans to partner with home cleaning services whereby the home cleaning service is available at a discount to those who are about to host people via Airbnb.
Connected Investments.
Institutions and Individuals investing together
Think globally, act locally.
It is announced in April that Airbnb is getting an investment by TPG Capital at a valuation of approximately $10 billion. The amount of funding is variously reported as $450 million and $500 million.On August 1, the round is revealed to be a $475 million round.
Series D
Funding Stage
Money Raised
$475,000,000
Pre-Money Valuation
$9,525,000,000
Whitmore Capital Invested with T.Rowe Price $40.71 per share
the
sixty
billion
dollar
journey
the
sixty
billion
dollar
journey
Think globally, act locally.
|
Airbnb announces that it will start collecting and remitting a 14% tax for short-term rentals in San Francisco starting October 1 |
|
|
$13 billion USD
2014
valuation
the
sixty
billion
dollar
journey
Think globally, act locally.
Dec 7, 2015
Series E
Late Stage Venture
Money Raised
$1,500,000,000
Pre-Money Valuation
$24,000,000,000
Airbnb launches an official iPad app. Airbnb releases an app for the Apple Watch,
Both the amount raised and the valuation are higher than those originally projected when rumors of the round originally circulated in late February/early March
Airbnb announces that it will start collecting a tourist tax on Airbnb rentals in Paris starting October 1.
Airbnb announces a new "Business Travel Ready" badge and host tools...
the
sixty
billion
dollar
journey
Think globally, act locally.
Jun 16, 2016
Debt Financing
Money Raised
$1,000,000,000
Airbnb launches the "experiences" feature in the Airbnb app. This feature allows hosts to offer tours and events in addition to places to stay.
Airbnb acquires Luxury Retreats, an Airbnb-like service for high-end homes and premium vacation homes. The deal is reported to be $200–$300 million. As of the time of the deal, it is Airbnb's largest acquisition
the
sixty
billion
dollar
journey
Think globally, act locally.
Sep 22, 2016
Funding Type
Series F
Funding Stage
Late Stage Venture
Money Raised
$555,462,100
Pre-Money Valuation
$29,445,000,000
Whitmore Capital partnered with Sequoia Capital in
Series F @ $40.71 per share
Series F
Funding Stage
Late Stage Venture
Money Raised
$447,800,000
Pre-Money Valuation
$30,000,000,000
The Facts
Think globally, act locally.
Established 2008 - 3 x Air Mattress $80
Created Market - Charge both sides (up to 18% commission)
200,000,000 Active Users
Projected Profits of $3.2 Billion USD by 2020
Profit making business for last 12 months
15 Acquisitions since 2008
2008 - 2014 $0 - $10 Billion USD Valuation
2014 - 2017 $10 - $31 Billion USD Valuation
(Series F funding Mar 2017 - $105 USD)
the
sixty
billion
dollar
journey
In the news.
Think globally, act locally.
the
sixty
billion
dollar
journey
Our Investment
Think globally, act locally.
Series D - 2014
$40.71 USD p/share
Series F - Sept.2016/Mar.2017
$105.00 USD p/share
the
sixty
billion
dollar
journey
Reason for sale
Think globally, act locally.
-
Business Strategy
-
Create liquidity for unexpected acquisition
-
Create WIN, WIN, WIN Scenario
the
sixty
billion
dollar
journey
Share Allocation Available
Think globally, act locally.
Series D @ $40.71 USD p/share
Series F @ $105.00 USD p/share
the
sixty
billion
dollar
journey
Conditions of purchase
Think globally, act locally.
Series D @ $40.71 USD p/share
Minimum purchase $75,000 USD+
Series F @ $105.00 USD p/share
$25,000 USD - $74,999 USD
the
sixty
billion
dollar
journey
Expected ROI
Think globally, act locally.
Minimum Valuation
$50,000,000 USD = $170 USD p/share
Confidently predicting
$60,000,000 USD+ = $200 USD p/share
the
sixty
billion
dollar
journey
Why so confident?
200 million active users
Affluent User base, travellers or property owners
Revenues/Profits of $3.2 Billion USD by 2020
Trend setting brand
Positive Market outlook
the
sixty
billion
dollar
journey
Think globally, act locally.
= HEAVILY OVERSUBSCRIBED
$200+ p/share
Repeat of Ali-Baba trading frenzy
154% ROI 2014
Largest most successful IPO in history.
Think globally, act locally.
Series F - ROI on 250 shares = $26,250 USD Investment
BUY $105 USD - SELL $170 USD x 250 = $42,500 USD
Profit = $16,250
The numbers
Series F - ROI on 250 shares = $26,250 USD Investment
BUY $105 USD - SELL $200 USD x 250 = $50,000 USD
Profit = $23,750+++
the
sixty
billion
dollar
journey
Think globally, act locally.
Series D - ROI on 2000 shares = $81,420 USD Investment
BUY $40.71 USD - SELL $170 USD x 2000 = $340,000 USD
Profit = $258,580
The numbers
Series D - ROI on 2000 shares = $81,420 USD Investment
BUY $40.71 USD - SELL $200 USD x 2000 = $400,000 USD
Profit = $318,580+++
the
sixty
billion
dollar
journey
Think globally, act locally.
Questions?
the
sixty
billion
dollar
journey
the
sixty
billion
dollar
journey
Think globally, act locally.
SUMMER 2011
Airbnb begins international expansion with opening of Geman Office
According to Gebbia, “The photos were really bad. People were using camera phones and taking Craigslist-quality pictures. Surprise! No one was booking because you couldn’t see what you were paying for.”
Their solution was low-tech but effective.
Instead, they rented a $5,000 camera and went door to door, taking professional pictures of as many New York listings as possible. This approach led to two to three times as many bookings on New York listings , and by the end of the month Airbnb’s revenue in the city had doubled. What was stunting growth in New York was also stunting growth in Paris, London, Vancouver, and Miami.
This led to the Airbnb photography program, which was officially launched in the summer of 2010.
Problem
Bad Photo's
Solution
Rent $5,000 Camera and go door to door taking photo's!
Airbnb - 10 year journey to a $60 Billion USD corporation - Quick Timeline
By Whitmore Capital Group
Airbnb - 10 year journey to a $60 Billion USD corporation - Quick Timeline
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