Airbnb closes $500M round of funding at a $10B valuation, led By TPG
Just out of curiosity, what could this possibly be spent on? Assuming it is going to be used to build out in foreign markets, is this mostly advertising/marketing costs? It already seems like they have a pretty good foothold in foreign markets. I can't imagine with $250M/yr in revenue they really need that $500M for hiring people. Also - how much does this leave the founders with in terms of %?One speculation I have that might answer my first question is that they're going to spend this on lobbying and legal battles.