Fuck you airbnb, what a bunch of assholes.
You can't comment like this here.
Airbnb Raises $555M in Funding
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Re: Airbnb Raises $555M in Funding
#32Why airbnb needs so much cash? They are not exactly subsidizing either side of the market?
Massive legal and lobbyist fees?
Yes, they also need the money to fund their lobbying and fake grassroots.
One campaign cost 8 million.
https://www.fastcompany.com/3059975/how-airbnb-turned-its-ho...
Re: Airbnb Raises $555M in Funding
#33Why airbnb needs so much cash? They are not exactly subsidizing either side of the market?
The article states that around $200 million is expected to go to a repurchase or secondary sale from current employees. This seems like a nice thing that airbnb might have to regularly do from here on out.
But yeah, the core of your question still stands.
Re: Airbnb Raises $555M in Funding
#34Someone please correct me if I'm wrong in assuming this but it seems a company like AirBnb would only raise private capital instead of going IPO because it's financials suck. I mean if you were doing really well and had profits that you were pumping back into the company you would want to IPO to raise money for lower dilution right? A private round might cause much more dilution than an IPO. Maybe I'm missing somethi…
Not entirely. As you know, public companies fluctuate heavily on other factors than just financial news. Something like a summary judgment in New York or California that negatively impacts AirBnB's business could send it for a spiral. It is likely more responsible to stay private until they feel they have solid footing with the regulatory environment. Private investors are clearly willing to give them a huge valuation knowing these events will likely turn out to be positive, and as long as employees are able to get liquidity, might as well stay private for now.
They do seem to be spending aggressively on growth (and legal) so I suspect you are half right in that they are probably losing a lot of money.
Re: Airbnb Raises $555M in Funding
#35Someone please correct me if I'm wrong in assuming this but it seems a company like AirBnb would only raise private capital instead of going IPO because it's financials suck. I mean if you were doing really well and had profits that you were pumping back into the company you would want to IPO to raise money for lower dilution right? A private round might cause much more dilution than an IPO. Maybe I'm missing somethi…
IPO is a one-time event. You gotta wait for the best perfect timing. I don't think its financial suck. It might not be the best shape at this moment.
Re: Airbnb Raises $555M in Funding
#36Re: Airbnb Raises $555M in Funding
#37Anybody know its previous valuation before the $555M?
Re: Airbnb Raises $555M in Funding
#38Hey Airbnb founders/employees. Fuck you. Working for you isn't rocket science, so fuck you and all your elitist attitudes not even considering me for employment because I didn't go to Harvard|Stanford|Insert Top 10 school here.
Oh man. I thought I was the only one, my first interaction with the interviewer was him bemoaning the fact that my degree was not from an IVY league university, right to my face. I had the most humiliating experience of my life interviewing with AirBnb couple of years ago. https://news.ycombinator.com/item?id=5300104
Did you ever get your money back?
Re: Airbnb Raises $555M in Funding
#39Earlier quoted context omitted.
Even accepting all of those things, if the company was profitable and had anything in the war chest they wouldn't have to take more funding. They're either getting capital for war or survival which means what they have now isn't enough for either.
Or capital is cheap and it doesn't hurt to raise it while you can.
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