website statistics

Airbnb, a wildly successful startup providing vacation rental services, is entering a new round of fund raising. Peter Thiel is expected to invest $150 million this time.

What is the next Gadget you want?

View Results

Loading ... Loading ...
1 Star2 Stars3 Stars4 Stars5 Stars (Rate This)
Loading ... Loading ...

Airbnb is a profitable startup which provides vacation rental services. The startup has been on the verge of a round of fund-raising, and now, PayPal’s co-founder, Peter Thiel, is expected to invest a whopping $150 million in the venture.


Peter Thiel

Airbnb has already had a few rounds of fund raising. The startup has launched back in 2008, and performed exceptionally well to date, raising handsome sums of funding during each round. During the round B funding, for instance, it was able to gather $112 million.

However, during the upcoming round, Airbnb is hoping to notch up the bar, and is expected to take its overall valuation into billions. According to Wall Street Journal, “The talks represent a new milestone for Airbnb, a high-profile startup and one of the young technology companies that investors widely considered [to be] on deck to go public in the next year or so.”

Thiel has been an active venture capitalist, and has invested heavily in a number of high-profile technology ventures. He was one of the early investors in Facebook. If WSJ’s report, that Thiel has intents of investing $150 million in Airbnb, turns out to be true, it would be a jackpot for the startup.

Airbnb has also launched an insurance policy of its own for the owners who rent their spaces through its online service. The new feature was introduced after a recent public relations nightmare for the company where the party who rented a space through Airbnb wrecked havoc on it.

Source: WSJ
Courtesy: CNET

Buy Cheapest Related Product From Amazon.com


Dutch Ministry Proposes Draconian Cyber Powers For Police

Kelihos Botnet Coder And Microsoft Reaches Settlement
You can also press the left/right arrow key on your keyboard to go to previous/next post
  On October 20, 2012(1 year, 5 months ago.)

Recent Search

Recent Tutorials

At the beginning level, many people don't know how to use Gmail properly. For them, a here's a helpful guideline.
Skype now allows you to call directly from your Outlook account. Find the step-by-step installation process from this tutorial.
This tutorial helps you quickly resolve four of the most common problems that occur with Windows XP.
After releasing Look Back, many people didn't like it. So Facebook planned to add an Edit tool to the feature and now you can edit your Facebook Look Back video.
Do you want to record Skype calls but don't know how to do that? Then this guide is absolutely for you. Get inside the article for details.
Do you know that many companies can track you on Facebook? Do you want to know who they are? Do you want to block them?
So you've been planning on replacing your old hard drive with the new drive? This tutorial helps you with a few simple steps.
Bitcoin is a digital currency that has gained extraordinary momentum in the last few months. This tutorial helps you get started with the basics.
Android lockscreen can be secured in a number of ways, some of which are described in this brief tutorial.
This review of iSkysoft Video Converter tells you everything you want to know about this Win 8/7 compatible video/DVD tool. Check the below to learn more details.
Close You Have To Login
User:
Pass:
Login With »Login With TwitterLogin With Facebook