Airbnb IPO

[88m3]

I had booked a mansion in Palm Springs for the weekend(had like 10 people so it was cheap) and when we got there the homeowner was like nahhh I'm selling my house but I've never posted it on a rental site. Basically someone took their pictures from the realtor and posed like they owned the house. $2k down the drain until I called PayPal and Amex and they stopped payment and gave me all my money back.

Gotcha, happy everything worked out.

 

[L&HH]

I had booked a mansion in Palm Springs for the weekend(had like 10 people so it was cheap) and when we got there the homeowner was like nahhh I'm selling my house but I've never posted it on a rental site. Basically someone took their pictures from the realtor and posed like they owned the house. $2k down the drain until I called PayPal and Amex and they stopped payment and gave me all my money back.

was 2k just your share or how much you guys would have paid total?

 

[ill]

was 2k just your share or how much you guys would have paid total?

Total. I wish I was ballin to spend 2k for a weekend rental lol. Most 'mansions' that I've seen run 500-750 per night but when you have a large group, its usually cheaper than a hotel.

 

[Domingo Halliburton]

worth $24 billion now or at least according to the VCs in Silicon Valley

-Home rental Web site Airbnb is reportedly near closing an almost $1 billion funding round at a $24 billion valuation. Airbnb has increased its revenue projection for this year to more than $900 million after performing better than it expected in the first quarter, according to the Wall Street Journal, which cited a person familiar with the matter.

That would be up from its revenue of $250 million in 2013. A $24 billion valuation puts the company above hotel operator Marriott International (MAR), which is valued at $21 billion, and nearly double the $14 billion valuation of travel Web site Expedia (EXPE).

Airbnb only expects the growth to continue. The company reportedly expects its revenue to reach $10 billion in 2020. Founded in August 2008, Airbnb says it operates in 34,000 cities in 190 countries and has enabled more than 35 million guests to be hosted around the world.

Last month, Airbnb released a study conducted by HR&A Advisors that found the company generated $1.15 billion in economic activity in New York alone last year and supported more than 10,000 jobs. The study found that 42% of guest spending occurs in the neighborhood where they're staying, with $844 million of guest spending occurring at New York businesses last year.

Airbnb said it would share this study with state lawmakers in Albany and urge them to modify state laws to allow New Yorkers to share their homes and help the Airbnb community pay hotel and tourist taxes in New York. This follows New York Attorney General Eric T. Schneiderman's October 2014 report that found that 72% of short-term rentals on Airbnb appeared to violate New York law. He estimated that New York is likely owed over $33 million in unpaid hotel taxes from short-term rentals on Airbnb.

The Web site has also faced regulatory issues in cities like San Francisco and New Orleans, as well as overseas -- it was fined 30,000 euros in Barcelona for violating local tourism laws.

 

[OSUBaneBrowns]

worth $24 billion now or at least according to the VCs in Silicon Valley

Hindsight is a motherfukker .

 

[alybaba]

You have to keep in mind that these valuations are based on investors having certain protections (anti-dilution provisions etc) as part of their private investments. Don't let the information asymmetry get you.

 

[TRFG]

You have to keep in mind that these valuations are based on investors having certain protections (anti-dilution provisions etc) as part of their private investments. Don't let the information asymmetry get you.

The valuations are kind of Bullshyt. The investors invest a small amount of money at a earlier stage only to take out 10x the amount at the IPO

 

[Domingo Halliburton]

....

 

[Domingo Halliburton]

You have to keep in mind that these valuations are based on investors having certain protections (anti-dilution provisions etc) as part of their private investments. Don't let the information asymmetry get you.

thanks.

 

[无名的]

I think they'll justify that valuation and be worth a shytload more than that 5 to 10 years out

 

[88m3]

Here's the smart management advice a former CIA director gave Airbnb's CEO

• RICHARD FELONI
  

• JUN. 26, 2015, 1:51 PM
• 1,625
  
• 1

Kimberly White/GettyAirbnb cofounder and CEO Brian Chesky.


Since 2010, when Airbnb began growing exponentially, its cofounder and CEO Brian Chesky has been on a mission to teach himself how to be a better manager.

In a new Fortune profile by Leigh Gallagher, Chesky admits that as an art-school graduate, he didn't feel prepared to lead his room-sharing business to scale.

It's why he decided to give himself the equivalent of a real-world MBA by not only reaching out to Silicon Valley's most prominent investors, executives, and entrepreneurs, but the top performers across a wide variety of fields to learn as much as possible.

For example, Chesky considered the challenge as CEO of building a transparent culture and being available to employees. Who better, he concluded, to ask about leading while keeping information privileged than a former director of the CIA?

He reached out to George Tenet, who served in the role from 1997 to 2004. There were several key takeaways, according to Fortune:

• Make yourself visible. Tenet said he would always eat lunch in the office cafeteria, choosing a new seat each day.
• Be personal. Tenet got into a habit of hand-writing notes to employees. "The former CIA chief told him that some of the most meaningful moments in his job were when he'd see a card he wrote an employee years ago still tacked on to his or her wall," Fortune reports.
• Think of yourself as the captain of a ship. Tenet gave Chesky a simple but profound metaphor: Imagine your company as a ship, with a portion above and below the waterline. As captain, it's your duty to not only steer the ship, but keep it from sinking. A captain doesn't belong in the belly of the ship, but needs to be aware of any holes that may appear in the hull and ensure that the right people are in place to plug those holes. At the wheel, you need to use your unique position to steer the ship according to two or three main principles. Chesky has chosen to focus on product, brand, and culture.

Chesky tells Fortune that he's continuing to learn as much as possible from an eclectic selection of leaders in order to best manage a company that the Wall Street Journal reports is internally valued at $24 billion.

For more on Chesky's self-taught executive training, check out the full Fortune profile.



Read more: http://www.businessinsider.com/airb...ia-director-george-tenet-2015-6#ixzz3eDXzimWH