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Thiel in Talks to Invest in Airbnb at $2.5B Valuation

Published on October 19, 2012
by Jessica E. Lessin

Online room rental service Airbnb Inc. is in discussions with venture capitalist Peter Thiel about a roughly $150 million investment that would value the company at around $2.5 billion, according to people familiar with the matter.

Airbnb’s existing investors, including Andreessen Horowitz and Sequoia Capital, are expected to also participate in the round, these people said. How the investment might be divided between Mr. Thiel and Founders Fund, a venture capital firm he co-founded, remains unclear. The people added that the terms of the deal are still being negotiated and could change.

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