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He likely owns about 0.5 - 1.5% of the company, after several rounds of dilution. So at a $30 billion valuation he is worth somewhere between 150 - 450 million.
by the_economist 10y ago
He likely owns about 0.5 - 1.5% of the company, after several rounds of dilution. So at a $30 billion valuation he is worth somewhere between 150 - 450 million.
There is always a way to sell shares, although I don't know if Airbnb has made a formal offering available to employees.
- a_small_island 10y agoDo you have a source or are you just guessing?
- gargarplex 10y agoI know AirBNB has let some employees take $ off the table in financing rounds. http://allthingsd.com/20111002/airbnb-investor-chamath-palihapitiya-settle-differences-with-employees-to-get-liquidity/ http://allthingsd.com/20111002/airbnb-investor-chamath-palih... My guess is that 0.5% is too high of a floor for post dilution and he probably had 10bps to 50bps at most
- the_economist 10y agoJust guessing, and assuming they were relatively generous with equity since they seem like the type of company that would be.
- webwright 10y agoI'd guess more .2 - 1.0 after rounds of dilution, but it depends on when he came on board. The $30B valuation is preferred shares, right? If he sold any before liquidity, it'd be common shares, which is often deeply discounted (~33% of preferred).
- mrgordon 10y agoYes I agree, 0.5% is quite a high estimate for being the low end of the range. Airbnb common shares as well as those of other hot startups (e.g. Uber) are trading fairly close to the price of preferred though if one obtains liquidity.
- limeyx 10y agoThats also assuming he was able/willing to exercise a bunch of options when he left or along the way .. likely but given the AMT/Tax implications not necessarily a given