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	<title>Betabeat &#187; Stand Down: Contrary to Reports, Airbnb Has Yet Not Raised a Big Series C </title>
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		<title>Stand Down: Contrary to Reports, Airbnb Has Yet Not Raised a Big Series C</title>

		<comments>http://betabeat.com/2012/10/airbnb-series-b-c-round-peter-thiel-venture-fund-capital/#comments</comments>
		<pubDate>Wed, 24 Oct 2012 13:24:44 -0400</pubDate>
					<link>http://betabeat.com/2012/10/airbnb-series-b-c-round-peter-thiel-venture-fund-capital/</link>
			<dc:creator>Kelly Faircloth</dc:creator>
				
		<guid isPermaLink="false">http://betabeat.com/?p=67657</guid>
		<description><![CDATA[<p><div id="attachment_67663" class="wp-caption alignleft" style="width: 310px"><a href="http://nyobetabeat.files.wordpress.com/2012/10/screen-shot-2012-10-24-at-1-30-12-pm.png"><img class="size-medium wp-image-67663" title="Screen Shot 2012-10-24 at 1.30.12 PM" alt="" src="http://nyobetabeat.files.wordpress.com/2012/10/screen-shot-2012-10-24-at-1-30-12-pm.png?w=300" height="205" width="300" /></a><p class="wp-caption-text">Driftwood chic.</p></div></p>
<p>When <a href="http://techcrunch.com/2012/10/24/home-free-airbnb-raises-117m-series-c-round-according-to-sec-filing-2b-valuation/">news broke</a> this morning that Airbnb had supposedly raised a $117 million Series C, the only possible response was: Damn, that's a nice chunk of change, and one in line with <a href="http://techcrunch.com/2012/09/26/airbnb-is-raising-a-big-third-round-aiming-for-a-valuation-north-of-2b/">expectations</a>. However, it appears that, in all the anticipation over another major round, the gun has been jumped.</p>
<p>When we reached out for comment, Airbnb gave us the following statement of denial:</p>
<blockquote><p><!--more-->Airbnb filed a Form D today with the Securities and Exchange Commission covering the company’s issuance of shares of its preferred stock as a part of its Series B financing, which initially closed over a year ago, on July 22, 2011. Today's filing was a customary notification related to the company’s prior Series B financing, and is unrelated to any other financing that the company may choose to undertake in the future.</p></blockquote>
<p>Chalk it up to the trickiness of reporting on SEC filings, which are written for lawyers rather than us mere mortals: Companies have a whole year to file after raising a round, and sometimes convertible notes have been confused for raises.</p>
<p>There's also the fact that everyone in the tech press is eagerly anticipating news from Airbnb. TechCrunch reported <a href="http://techcrunch.com/2012/09/26/airbnb-is-raising-a-big-third-round-aiming-for-a-valuation-north-of-2b/">back in September </a>that the company was in the process of raising a major round, and the <em>Wall Street Journal<a href="http://online.wsj.com/article_email/SB10000872396390443684104578066811794775602-lMyQjAxMTAyMDEwOTAxODk3Wj.html"> </a></em><a href="http://online.wsj.com/article_email/SB10000872396390443684104578066811794775602-lMyQjAxMTAyMDEwOTAxODk3Wj.html">reported last week</a> that Peter Thiel is in talks to invest as much as $150 million at a $2.5 billion valuation, with participation from existing investors Andreessen Horowitz and Sequoia Capital. But so far, none of the names being tossed around seem willing to talk.</p>
<p>And so, we wait.</p>
]]></description>
		<content:encoded><![CDATA[<p><div id="attachment_67663" class="wp-caption alignleft" style="width: 310px"><a href="http://nyobetabeat.files.wordpress.com/2012/10/screen-shot-2012-10-24-at-1-30-12-pm.png"><img class="size-medium wp-image-67663" title="Screen Shot 2012-10-24 at 1.30.12 PM" alt="" src="http://nyobetabeat.files.wordpress.com/2012/10/screen-shot-2012-10-24-at-1-30-12-pm.png?w=300" height="205" width="300" /></a><p class="wp-caption-text">Driftwood chic.</p></div></p>
<p>When <a href="http://techcrunch.com/2012/10/24/home-free-airbnb-raises-117m-series-c-round-according-to-sec-filing-2b-valuation/">news broke</a> this morning that Airbnb had supposedly raised a $117 million Series C, the only possible response was: Damn, that's a nice chunk of change, and one in line with <a href="http://techcrunch.com/2012/09/26/airbnb-is-raising-a-big-third-round-aiming-for-a-valuation-north-of-2b/">expectations</a>. However, it appears that, in all the anticipation over another major round, the gun has been jumped.</p>
<p>When we reached out for comment, Airbnb gave us the following statement of denial:</p>
<blockquote><p><!--more-->Airbnb filed a Form D today with the Securities and Exchange Commission covering the company’s issuance of shares of its preferred stock as a part of its Series B financing, which initially closed over a year ago, on July 22, 2011. Today's filing was a customary notification related to the company’s prior Series B financing, and is unrelated to any other financing that the company may choose to undertake in the future.</p></blockquote>
<p>Chalk it up to the trickiness of reporting on SEC filings, which are written for lawyers rather than us mere mortals: Companies have a whole year to file after raising a round, and sometimes convertible notes have been confused for raises.</p>
<p>There's also the fact that everyone in the tech press is eagerly anticipating news from Airbnb. TechCrunch reported <a href="http://techcrunch.com/2012/09/26/airbnb-is-raising-a-big-third-round-aiming-for-a-valuation-north-of-2b/">back in September </a>that the company was in the process of raising a major round, and the <em>Wall Street Journal<a href="http://online.wsj.com/article_email/SB10000872396390443684104578066811794775602-lMyQjAxMTAyMDEwOTAxODk3Wj.html"> </a></em><a href="http://online.wsj.com/article_email/SB10000872396390443684104578066811794775602-lMyQjAxMTAyMDEwOTAxODk3Wj.html">reported last week</a> that Peter Thiel is in talks to invest as much as $150 million at a $2.5 billion valuation, with participation from existing investors Andreessen Horowitz and Sequoia Capital. But so far, none of the names being tossed around seem willing to talk.</p>
<p>And so, we wait.</p>
]]></content:encoded>
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