Brian Chesky Explained

Brian Chesky
Birthname:Brian Joseph Chesky
Birth Date:29 August 1981
Birth Place:Niskayuna, New York, U.S.
Education:Rhode Island School of Design (BFA)
Occupation:Airbnb CEO and co-founder

Brian Joseph Chesky (born August 29, 1981) is an American businessman and industrial designer and the co-founder and CEO of Airbnb. Chesky is the 190th richest person in the world according to Forbes, with a net worth of $9.6 billion,[1] mostly due to his ownership of 67 million shares of Airbnb.[2]

Personal life and education

Brian Chesky was born on August 29, 1981,[3] in Niskayuna, New York, the son of Deborah and Robert H. Chesky;[4] His father is of Polish and his mother of Italian origin.[5] Chesky's parents were both social workers.[6] [7] He has a younger sister, Allison.[6] As a child, Chesky's first hobby was ice hockey. He developed an interest in art in his teens and cited Leonardo da Vinci as an early inspiration.[8] He drew replicas of paintings and redesigned toys and shoes. In an interview with The New York Times, he said he watched friends of his parents redesign their backyard, which led to an interest in landscape architecture and later urban planning.[9]

Chesky was educated at Niskayuna High School and graduated from the Rhode Island School of Design (RISD) in 2004 with a Bachelor of Fine Arts degree in industrial design.[10] [11] [12] While studying at RISD, Chesky was influenced by the works of Charles Eames, Ray Eames, and Walt Disney.[13] [14] He was captain of the RISD hockey team and in his early 20s was a competitive bodybuilder.[6] [11] In December 2022, Chesky listed his home in San Francisco's Mission District on Airbnb.[15] [16] Chesky enjoys sketching and bonsai.[17]

Career

After graduating from RISD, Chesky moved to Los Angeles to work as an industrial designer.[18] In October 2007, he moved to San Francisco to live with RISD classmate Joe Gebbia. Chesky did not have enough money to pay his rent, and decided with Gebbia to open their house to short-term renters. His move to San Francisco coincided with the Industrial Designers Society of America conference, which ran out of hotel rooms. The pair decided to open the house they were renting as a bed and breakfast, providing air mattresses for guests to sleep on and Pop-Tarts for breakfast. The business became Airbnb.

Chesky became the leader and chief executive officer of Airbnb. To receive funding, Chesky and his co-founders created special-edition cereals called "Obama O's" and "Cap'n McCains", based on presidential candidates Barack Obama and John McCain.[19] [20] [21] [22] Impressed by the cereal boxes, computer programmer Paul Graham invited the founders to the January 2009 winter training session of his startup incubator, Y Combinator, which provided them with training and $20,000 in funding in exchange for a 6% interest in the company.[23]

In December 2020, Airbnb became a public company via an initial public offering. Chesky has used Twitter to personally solicit suggestions for improvements to Airbnb, doing so in 2016 and 2023.[24] [25] He is an active Airbnb host and listed his home in San Francisco on the platform in 2022.[26] He spent six months that year staying in Airbnbs, which led to the development of 50 changes to the platform and additional service offerings.[27]

Recognition

In 2015, Chesky was included on the Forbes list of America's Richest Entrepreneurs Under 40.[28] Chesky was recognized on the Time 100 for 2015.[29] In May 2015, President Barack Obama named Chesky an Ambassador of Global Entrepreneurship.[30] In 2016, Chesky was also named in the Youngest Forbes 400 list.[31] Chesky was named one of the "World's Greatest Leaders" in 2017 by Fortune.[32] He received an honorary doctorate from RISD that year.[33] In 2018, Chesky was named the Bay Area Executive of the Year by American City Business Journals.[34] In June 2022, Chesky was featured among the 100 Most Powerful People in Global Hospitality by the International Hospitality Institute.[35]

Philanthropy

On June 11, 2016, Chesky joined Warren Buffett and Bill Gates' The Giving Pledge, a group of billionaires who have committed to giving the majority of their wealth away.[36] Chesky donated $10 million to nonprofit organizations supporting frontline workers during the coronavirus pandemic in 2020.[37] In 2022, Chesky was ranked no. 20 by contributions on the list of the 50 most prolific philanthropists in the United States by The Chronicle of Philanthropy.[38] In May 2022, Chesky donated $100 million to the Obama Foundation to launch a scholarship program for students pursuing careers in public service. The Voyager Scholarship aims to support students in their junior and senior year of college with up to $50,000 in financial aid, a $10,000 stipend, and free Airbnb housing to pursue a summer work-travel experience; a $2,000 travel credit every year for 10 years following graduation; an annual summit; and a network of mentors.[39]

Notes and References

  1. Web site: Brian Chesky . Forbes.
  2. Web site: Airbnb, Inc. 2023 Form 14-A Proxy Statement . . April 19, 2024.
  3. News: The CNBC Next List: Brian Chesky and Joe Gebbia . CNBC . October 6, 2014.
  4. Web site: Harry Chesky Obituary . . . October 4, 2008.
  5. Book: Stone, Brad . The Upstarts: How Uber, Airbnb and the Killer Companies of the New Silicon Valley are Changing the World . February 2, 2017 . . 9781473527027.
  6. News: The education of Airbnb's Brian Chesky . Gallagher . Leigh . . June 26, 2015 . subscription.
  7. News: Ruth Bader Ginsburg, Amy Schumer and Bibi Make Time 100 List . Cohen . Anne . . April 16, 2015.
  8. News: Alter . Charlotte . November 16, 2023 . Brian Chesky on How Art Helped Him Build Airbnb . March 19, 2024 . Time.
  9. News: Bryant . Adam . October 11, 2014 . Brian Chesky of Airbnb, on Scratching the Itch to Create . subscription . . 0362-4331.
  10. Web site: Fortson . Danny . February 25, 2018 . Airbnb is waiting to really take off . The Sunday Times.
  11. News: The fabulous life of Airbnb's Brian Chesky, one of the youngest and richest tech founders in America . Hartmans . Avery . . July 22, 2017.
  12. Airbnb Co-Founder, CEO and Head of Community Brian Chesky to Deliver Keynote Address at Rhode Island School of Design's 2017 Commencement . . May 19, 2017.
  13. Book: Stone, Brad . Brad Stone (journalist)

    . Brad Stone (journalist) . The Upstarts . 2017 . . 978-0-316-38839-9 . 213, 326.

  14. News: Airbnb’s Brian Chesky: ‘The trick is to be optimistic’ . Financial Times . May 1, 2021 . Lee . Dave . March 18, 2024 .
  15. News: Airbnb CEO Brian Chesky Is Renting Out His Home...On Airbnb: See The Photos . GABRIELLE . BIENASZ . . November 16, 2022.
  16. Web site: 2022-12-23 . The low-key SF neighborhood where Airbnb and Instagram founders live . 2024-02-09 . The San Francisco Standard . en.
  17. News: Lagorio-Chafkin . Christine . November 28, 2022 . How Airbnb CEO Brian Chesky Nurtures His Creativity . May 1, 2024 . Inc..
  18. News: Friedman . Thomas L. . July 20, 2013 . Welcome to the ‘Sharing Economy’ . March 20, 2024 . The New York Times.
  19. News: The Business of Politics . Spors . Kelly . . August 11, 2008 . subscription . February 21, 2017 . https://web.archive.org/web/20170221010627/https://www.wsj.com/articles/SB121803424407616937 . live .
  20. News: Rusli . Evelyn . The New Start-Ups at Sun Valley . . July 7, 2011 . January 28, 2018 . https://web.archive.org/web/20180128132809/https://dealbook.nytimes.com/2011/07/07/the-new-sun-valley-start-ups/ . live .
  21. News: Where to get startup cash now . . Peng . Tina . March 24, 2010 . August 1, 2022 . https://web.archive.org/web/20220801223329/https://money.cnn.com/galleries/2010/smallbusiness/1003/gallery.startup_cash_now/ . live .
  22. News: Malik . Om . Om Malik . What Every Startup Can Learn From AirBnB . . February 22, 2011 . September 28, 2022 . https://web.archive.org/web/20220928091103/https://old.gigaom.com/2011/02/22/airbnb/ . live .
  23. News: Brian Chesky: The homeless entrepreneur . Fairweather . Alistair . . March 12, 2013.
  24. News: Tabahriti . Sam . May 6, 2023 . Elon Musk says 'other companies' should take note of the way Airbnb CEO Brian Chesky interacts with people on Twitter . March 26, 2024 . Business Insider.
  25. News: Belanger . Lydia . December 27, 2016 . Airbnb CEO Asks Twitter What His Company Should Launch in 2017 . March 27, 2024 . Entrepreneur.
  26. News: Royle . Orianna Rose . July 4, 2023 . Airbnb boss Brian Chesky says it’s critical not to become an ‘ivory tower’ CEO—so he lists his own home . March 20, 2024 . Fortune.
  27. News: Williams . Trey . May 4, 2023 . Airbnb’s CEO spent 6 months living in his company’s rentals—and found the core problem with his business . March 20, 2024 . Fortune.
  28. 40 Under 40 . Luisa . Kroll . . December 12, 2016 . limited.
  29. Time 100 Pioneers: Brian Chesky . Ive . Jonathan . . April 16, 2015.
  30. Web site: The White House Celebrates Entrepreneurs Around the World . Brayton . Jenna . . . May 11, 2015 .
  31. News: Brian Chesky . Vinton . Kate . . October 4, 2016.
  32. News: Gallagher . Leigh . March 24, 2017 . Why Airbnb CEO Brian Chesky Is Among the World’s Greatest Leaders . April 30, 2024 . Fortune.
  33. News: June 3, 2017 . Co-founder tells RISD grads about the birth of Airbnb . May 1, 2024 . The Seattle Times . Associated Press.
  34. News: Brian Chesky grew Airbnb from three airbeds in a living room to the biggest force in hospitality. He's the 2018 Executive of the Year (Video) . . December 18, 2018 . subscription.
  35. News: Dr Jeffrey Obomeghie and Dupe Olusola among the 100 most powerful people in global hospitality . Pulse Nigeria . August 1, 2022.
  36. News: Airbnb Cofounders Join Buffett and Gates' 'Giving Pledge' . . June 1, 2016 . subscription.
  37. Web site: Cabanatuan . Michael . December 16, 2020 . Airbnb co-founder donates $25 million to S.F., Bay Area homelessness programs . June 12, 2024 . San Francisco Chronicle.
  38. News: February 14, 2023 . Philanthropy 50: List of America’s top 50 donors of 2022 . May 1, 2024 . Associated Press . The Chronicle of Philanthropy.
  39. News: Obama Foundation, Brian Chesky launch $100 million scholarship program . . May 17, 2022.