On June 26, 2008, our friend Michael Seibel introduced us to 7 prominent investors in Silicon Valley. We were attempting to raise $150,000 at a $1.5M valuation. That means for $150,000 you could have bought 10% of Airbnb. Below you will see 5 rejections. The other 2 did not reply.

The investors that rejected us were smart people, and I am sure we didn’t look very impressive at the time.

So a meaningful conclusion can be like: “A rejection from investing in your idea doesn’t mean that your startup is not good, it means that has not been impressive yet.”