Airbnb plan $31 billion IPO in 2020
By Charles Kelly
Author of Yes, Money Can Buy You Happiness and
creator of Money Tips Podcast
creator of Money Tips Podcast
The accommodation platform Airbnb says it plans to go
public next year. It was valued at $31bn in its most recent funding round
and made more than $1bn in revenues in the second quarter. Airbnb hosts, of
which I was once one, have made more than $80bn from renting their properties
as of this month, according to the company.
public next year. It was valued at $31bn in its most recent funding round
and made more than $1bn in revenues in the second quarter. Airbnb hosts, of
which I was once one, have made more than $80bn from renting their properties
as of this month, according to the company.
Airbnb, like Uber, Amazon and Apple, have disrupted
industries and brought down prices for consumers. But they have also done
something else which they have in common - they have all helped small
entrepreneurs make money and compete with larger businesses as well.
industries and brought down prices for consumers. But they have also done
something else which they have in common - they have all helped small
entrepreneurs make money and compete with larger businesses as well.
Airbnb has made $80 billion for landlords, like myself, Uber
indirectly employees millions of drivers and Amazon has enabled small
businesses to open up online stores and reach millions of people at a fraction
of the cost it would’ve been a few years ago.
indirectly employees millions of drivers and Amazon has enabled small
businesses to open up online stores and reach millions of people at a fraction
of the cost it would’ve been a few years ago.
I started with Airbnb around five years ago when it was
quite new in the UK, after hearing about it from my Son.
quite new in the UK, after hearing about it from my Son.
From the start, it really was an amazing system. I made
money from day one and rarely had an empty room. I only gave it up because it
was becoming too much work and I couldn’t find anybody reliable to manage it
for me.
money from day one and rarely had an empty room. I only gave it up because it
was becoming too much work and I couldn’t find anybody reliable to manage it
for me.
Now there are companies which manage thousands of properties
on behalf of landlords which are rented out through www.Airbnb.com and other platforms like booking.com.
on behalf of landlords which are rented out through www.Airbnb.com and other platforms like booking.com.
I went to their convention when it was held in Paris. The
guys who started the company are still young. They have built a worldwide
property business without owning the properties, which is a lesson for all of
you to think that you can’t get into property unless you have lots of money.
They do of course own their own properties and they used to let rooms out to
Airbnb guests just to keep their hand in and set an example.
guys who started the company are still young. They have built a worldwide
property business without owning the properties, which is a lesson for all of
you to think that you can’t get into property unless you have lots of money.
They do of course own their own properties and they used to let rooms out to
Airbnb guests just to keep their hand in and set an example.
The convention was amazing and so well organised. The staff
were evangelical in their belief in the company and the whole event was almost
like a religious experience. Unfortunately, the farewell Saturday night party
was cancelled due to the Paris bombings. It was such a shame because Airbnb
staff were contributing to helping to clean up parts of Paris in their little
way.
were evangelical in their belief in the company and the whole event was almost
like a religious experience. Unfortunately, the farewell Saturday night party
was cancelled due to the Paris bombings. It was such a shame because Airbnb
staff were contributing to helping to clean up parts of Paris in their little
way.
I’m sure their IPO will be successful and will be very
different from Saudi Arabia is Aramco listing, where wealthy families are being
browbeaten in soon investing in the $2 trillion company.
different from Saudi Arabia is Aramco listing, where wealthy families are being
browbeaten in soon investing in the $2 trillion company.
If you would like to know how to get into property drop me a
line n Facebook or email Charles@charleskelly.net
line n Facebook or email Charles@charleskelly.net
Word of the Day
Limited Company or Corporation
A limited company is an organisation and legal entity that
you use to set up to run your business. This means that each shareholder's
responsibility for financial liability is limited by the value of the shares
that they own but have not paid for. Company directors of such companies are
not responsible for business debts.
you use to set up to run your business. This means that each shareholder's
responsibility for financial liability is limited by the value of the shares
that they own but have not paid for. Company directors of such companies are
not responsible for business debts.
In other words, if you are the sole shareholder and director
of a limited company and the company goes bust owing £10 million or is sued for
£10 million, you will not be liable for the debt, unless you have signed a
personal guarantee or have acted fraudulently. However, if you are
trading as a sole trader, or a partnership, you would be liable for the debts
and the creditors could go after you and sees your personal assets such as your
house.
of a limited company and the company goes bust owing £10 million or is sued for
£10 million, you will not be liable for the debt, unless you have signed a
personal guarantee or have acted fraudulently. However, if you are
trading as a sole trader, or a partnership, you would be liable for the debts
and the creditors could go after you and sees your personal assets such as your
house.
Limited companies can also use the letters LTD after their
name and the UK is one of the easiest countries in the world in which to set up
a company, which can be done within hours online at Companies House,
and run a business. The tax treatment in the UK is favourable to business and
we have good governance and rule of law.
name and the UK is one of the easiest countries in the world in which to set up
a company, which can be done within hours online at Companies House,
and run a business. The tax treatment in the UK is favourable to business and
we have good governance and rule of law.
There are more examples and practical steps to getting rich
and being happy in my book, Yes, money can
buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F
System and much more. Check it out on Amazon http://bit.ly/2MoneyBook.
and being happy in my book, Yes, money can
buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F
System and much more. Check it out on Amazon http://bit.ly/2MoneyBook.
See more at www.moneytipsdaily.com:
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