Airbnb Employees Should Thank Chamath Palihapitiya: Because Of His Email, They'll All Now Get Liquidity

Chamath Palihapitiya

This weekend, Kara Swisher received an email written by early Facebook employee and investor, Chamath Palihapitiya. It was intended for Airbnb’s cofounder, Brain Cheskey.

In it, Palihapitiya said he would pass on Airbnb’s $112 million funding round because he did not approve of the large $21 million cash-out the founders were taking.

After reading the news, Palihapitiya sent a follow-up email to Swisher, saying he and the Airbnb founders worked through their differences. In particular, employees, not just founders, will be able to participate in a liquidity program.

Palihapitiya says he will be participating in the round after all. 

“I still really believe in Airbnb and think they are a very exciting company with tremendous growth potential,” Palihapitiya writes. “This was why I was excited to invest in the first place. Based on the strategic intent to balance employee and founder liquidity which will align long term interests, and further clarifications around the technical details of the financing, I feel comfortable that things are in a good place and, as a result, have decided to participate in the financing.”

To read the entire email, head over to All Things D >>

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