Look like I’m right right again: Airbnb Files to Raise $850 Million at $30 Billion Valuation:
Airbnb has been restrained about how much capital it takes on compared with ride-sharing company Uber Technologies Inc., which has raised more than $15 billion in equity and debt. Airbnb and Uber are often discussed together because they were founded within a year of each other and have come to define the on-demand economy. Uber is valued at almost $68 billion.
In July 2015, Airbnb raised $1.6 billion at a $25.6 billion valuation, according to Equidate. With the $850 million disclosed in last week’s filing, Airbnb has raised about $3.2 billion in equity, according to Equidate.
That ‘obvious’ Web 2.0 ‘bubble’ refuses to pop as valuations keep rising, year after year, for the leading web 2.0 companies like Snapchat, Uber, Dropbox, Pinterest, and Airbnb.
A year ago Airbnb raised funding valuing it at $25 billion, and I predicted it would be worth as much as much as $80 billion. I still stand by that.
Then on Wall S.t, Facebook, Google, and Amazon stock keeps going up too. Everyone who predicted ‘bubble 2.0’ has egg on their face.
Predicted post-IPO values (one day after trading begins to account for the IPO ‘pop’):
Uber: $150-200 billion
Snapchat: $100 billion
Pinterest $50 billion
Airbnb: $60 billion
Slack: $10 billion
Dropbox $20 billion
All valuations are going higher…that’s pretty much a given.
Companies already listed:
Facebook, Amazon, Google: $1+ trillion each
People are getting richer than ever, as much as the left wishes it weren’t so.
Greatest wealth creation boom in human history unfolding now. This is the 10,000-year explosion condensed into 7 years. It began in 2009 and has much further to go.
IQ has become a touchy subject (or at least more so than in the past) because of the greater role biological determinism plays in our super-competitive, winner-take-all post-2008 economy. When you look at all the people who have gotten rich since 2008 (stock market speculators, tech gurus, real estate speculators & investors, coders, web 2.0, VC firms, fund managers) or the people with the most influence on the national debate (Ivy League profs, MIT/ Caltech scientists, string theory physicists, political and economic wonks), it seems like high-IQ has become a requirement to be an important, successful person in society. The “Rise of the Meritocracy” is real, and it isn’t going away.
Indeed, and this trend is accelerating, not going away, sorry.