Airbnb might have raised $112 million in new financing in July, but according to its co-founders, the company had to find its way through the “trough of sorrow” before it reached legitimacy. Speaking at San Francisco’s Failcon, an event in which entrepreneurs discuss their start-up defeats, Airbnb founders Joe Gebbia and Brian Chesky describe the “trough” period as one in which they were in debt, broke, and struggled to get investors to listen. READ MORE
