The next time someone claims that starting startups is for rich kids, remind them that Airbnb happened because its founders literally could not pay their rent.
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I spent way too much time on this. Going back to work.
"First Round ultimately led Uber's $1.58 million seed round, with participation from more than 30 other investors, including Amazon's Jeff Bezos, Ashton Kutcher and Airbnb founder Brian Chesky "https://www.bizjournals.com/sanjose/news/2017/06/23/exclusive-inside-the-room-when-ubers-kalanick-made.html …
Sure enough, you seem to be right, at least if this article is. By 2010 he may have had some money. I doubt he invested much though.
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Net worth can be weird for founders. On paper worth millions yet cash poor. Airbnb probably made him a paper millionaire in 2010 thus he can be an accredited investor and invest 10-20k into a seed round for Uber.
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If he had salary over $250k or 7 figures in a bank account otherwise shares in a private company don't qualify. But I'm not a financial expert just what I think the statute says but someone should look it up
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20%? If he invested in 2010(!) more like top 1%. But how much he actually invested is moot: the pt isn't that he used Uber returns to finance AirBnb, it's that a guy in a position to invest in Uber so early isn't some broke bootstrapper regardless of his PR-washed origin story.
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Presumably he was an accredited investor in order to investpic.twitter.com/5iN7b6AFGZ
End of conversation
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