News for hackers. Stuff that matters.

A comment on Airbnb Files to Raise $850M at $30B Valuation. Parent comment

Re:Airbnb Files to Raise $850M at $30B Valuation by williamscales on Saturday August 06, 2016 @05:19AM (#12237584)
Why would you assume that? Typically the company would just issue a new series of preferred stock.
[ Parent | on HN ]
Re:Airbnb Files to Raise $850M at $30B Valuation by mikeryan on Saturday August 06, 2016 @09:06AM (#12237994)
I'm not sure thats entirely true typically a late round of funding will be some combination of folks taking money off the table and new stock.

There's nothing very "typical" about a 850M raise at 30B. But Groupon infamously raised "Like, A Billion Dollars" of which only about 15% went into the company.

[ Parent | on HN ]