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A comment on Airbnb Paying More Than 10% Interest on $1B Financing Announced Monday.

Re:Airbnb Paying More Than 10% Interest on $1B Financing Ann... by bogomipz on Tuesday April 07, 2020 @09:50PM (#22809352)
>"Airbnb Inc. agreed to pay its new investors interest at a rate of more than 10% and to strengthen its leadership, in return for the $1 billion in additional funding announced Monday, according to people familiar with the matter."

Can anyone shed some like on exactly what is is meant by AirBnB agreeing to "strengthen its leadership"? Does this mean make changes to its' board?

[ Parent | on HN ]
Re:Airbnb Paying More Than 10% Interest on $1B Financing Ann... by enra on Wednesday April 08, 2020 @12:36AM (#22810105)
The board has been growing in preparation for the IPO. I think this means adding seasoned C-level roles. There is still no CFO, COO left and there hasn’t been a CMO in years. Operational C-level is not that seasoned and has gaps.
[ Parent | on HN ]