After a tumultuous 12 months for the journey business, Airbnb’s long-awaited IPO submitting simply dropped. One factor is obvious: there may be nonetheless loads of juice left within the home-sharing platform, and a smattering of VCs and the corporate’s founders are positioned to obtain some critical returns.
My colleague Alex Wilhelm has an overview article on Airbnb’s financial picture and overall metrics. It’s a blended bag, however maybe stronger than would possibly in any other case be anticipated, given the worldwide collapse of tourism as a result of pandemic. Revenues are stabilizing, development is up and bookings aren’t catastrophic.
So let’s get to essentially the most enjoyable query with these massive startup IPO choices, who made the cash?
Firstly, Airbnb’s founders — Brian Chesky, Nathan Blecharczyk and Joe Gebbia — managed to carry collectively a whopping 41.95% of the corporate based mostly on knowledge offere in its S-1 filing, with Chesky proudly owning barely greater than his two co-founders.