You don't need millions of dollars to start, says Airbnb CEO

Homestay startup Airbnb CEO Brian Chesky on Monday said, "I think that startups today are overcapitalised. You don't need millions of dollars to start. You need sweat equity." Chesky added, "Our investors are very patient and none of them are anxious for us to go public." Last week, Airbnb closed a $1 billion funding round at a $31 billion valuation.