Airbnb S-1 - Hackdot

Re:Airbnb S-1 by callmeed on Monday November 16, 2020 @05:07PM (#25117638)

I heard a podcast discuss the possibility of AirBnB offering shares or options to superhosts (like me) ahead of the IPO–essentially as a "thank you" to the people who helped build the marketplace.

Anyone have thoughts on if that is possible or plausible?

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Re:Airbnb S-1 by maltelandwehr on Monday November 16, 2020 @05:09PM (#25117671)

Not plausible. Just wishful thinking. How would that even work if superhosts are not accredited investors?

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Re:Airbnb S-1 by svbanker on Monday November 16, 2020 @05:11PM (#25117705)

Airbnb Host Endowment: A fund that is intended to provide support to our host community now and in the future, which we expect will be initially funded with 9.2 million shares of Airbnb stock

https://www.airbnb.com/resources/hosting-homes/a/how-were-gi...

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Re:Airbnb S-1 by kibibyte on Monday November 16, 2020 @05:31PM (#25117916)

Square did this for some of their merchants through Loyal3 (which appears to be dead now), so it’s plausible.

Disclosure: am employee

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Re:Airbnb S-1 by callmeed on Monday November 16, 2020 @05:13PM (#25117723)

Employees that get and exercise stock options are not accredited investors either. Couldn't they take a similar route?

I admit, I ask mostly selfishly (my wife and I are superhosts, we have managed a full-time AirBnB in CA for 2 years). But it's also an interesting thought experiment. It would be quite the contrast to how the rideshare and food delivery companies treat their non-employees.

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Re:Airbnb S-1 by EdJiang on Monday November 16, 2020 @05:33PM (#25117933)

Uber and Lyft did give long-term drivers “appreciation awards” which they could use to buy stock in the IPO. So not unprecedented.

https://techcrunch.com/2019/04/11/uber-is-dishing-out-apprec...

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Re:Airbnb S-1 by julianozen on Tuesday November 17, 2020 @02:25AM (#25121070)

My understanding was that the Uber stock was a huge disaster because the value of the Uber stock imploded after drivers bought options

Disclaimer: I am an Airbnb employee

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Re:Airbnb S-1 by jypepin on Monday November 16, 2020 @05:46PM (#25118062)

some Uber drivers got RSUs so I don't see why it wouldn't be possible for Airbnb.

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Re:Airbnb S-1 by fhrow4484 on Monday November 16, 2020 @05:55PM (#25118152)

The S-1 has this section with title "Directed Share Program":

"At our request, the underwriters have reserved up to [blank] shares of Class A common stock, or [blank]% of the shares offered by this prospectus, for sale at the initial public offering price through a directed share program to: * Eligible U.S. hosts who hosted on our platform in 2019 and 2020 [...]"

Not sure what this means.

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Re:Airbnb S-1 by tahoeskibum on Monday November 16, 2020 @07:57PM (#25119161)

I just got an email from AirBnB outlining their plan to offer shares to hosts as a part of the IPO with first dibs to hosts that first came on the platform.

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Re:Airbnb S-1 by callmeed on Monday November 16, 2020 @08:19PM (#25119284)

Yup, just got it too.

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