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March 2014: Airbnb Pursuing Valuation Above $10 Billion in New Fund Raising Round


Stashed in: Airbnb, @paulg, Uber, Venture Capital, TPG, Black Swans!

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Airbnb is among the most talked about companies of the moment. Its services assist people in renting out their homes, and it collects a cut of the payments. But its success has also made it a target of regulators, who are looking into whether the business is depriving states of tax revenues.

If Airbnb is worth $10 billion then Y Combinator has two $10 billion companies. 

The first was Dropbox. 

The couch-surfing company is close to raising more than $400 million in a new round of financing, a person briefed on the matter said on Thursday. The fund-raising effort would value the six-year-old Airbnb at more than $10 billion.

Leading the round is TPG, which has already taken stakes in other Silicon Valley darlings like the car-ride service Uber.

Airbnb’s fund-raising round is the latest sign of exuberance in the technology world, as the new generation of start-ups fetches eye-popping valuations. Companies like the online storage provider Dropbox have been appraised at about $10 billion, while Facebook – itself worth more than $172 billion – bought the messaging application WhatsApp for $16 billion last month.

Being worth $10 billion would make them more valuable than Wyndham and Hyatt. 

Wow, that did not take long.

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