The site is a likely inspiration for all aspiring travel startups with a steady growth rate and profitable business model, but the upcoming challenge of international expansion and continued regulatory hurdles in the U.S. could determine the startup’s fate on its path to IPO.
It’s the darling of “sharing economy” startups, Y Combinator and a good portion of Silicon Valley’s top investors, and a symbol of consumer web startups moving beyond entertainment to solve real life problems. Now we’re hearing short-term room-renting site Airbnb is also something else — one of the very few name-brand startups raising a massive new round of funding these days.
We slipped this rumor into a panel discussion at Disrupt a couple weeks ago, actually, but we’ve been busy collecting more details. Here’s what we’ve got so far: the San Francisco company is raising around $100 million in a third round of funding at a valuation “north of a billion” between $2 billion and $3 billion. While many of its lengthy list of current investors are considering participating, we’re told, a new firm is coming in to lead the outside round.
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