News for hackers. Stuff that matters.

A comment on Airbnb raises $1B at $31B valuation, became profitable in 2016. Parent comment

Re:Airbnb raises $1B at $31B valuation, became profitable in... by hagbarth on Thursday March 09, 2017 @01:34PM (#13831677)
Yeah, but AirBnB took that route when they got private investors. They expect to get their money back with a good ROI.

That would be through an IPO or acquisition, either way you loose control of your company.

[ Parent | on HN ]
Re:Airbnb raises $1B at $31B valuation, became profitable in... by zenlikethat on Thursday March 09, 2017 @02:05PM (#13832040)
True, you lose some control, but a small board of a private company is much easier to convince and compel on long-term vision and plans than the general public.
[ Parent | on HN ]