Erick Schonfeld
Erick Schonfeld
Now: Traction Technology, TouchCast; Previous: TechCrunch, Business 2.0, FortuneSource
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Chamath Palihapitiya To Airbnb CEO: “If You Want Liquidity… Make It Available To Everyone”

Chamath Palihapitiya To Airbnb CEO: “If You Want Liquidity… Make It Available To Everyone”

Should founders take money off the table in later venture rounds, and if so under what circumstances? An extraordinary private email to Airbnb CEO Brian Chesky from investor and former Facebook exec which was to Kara Swisher at brings this question into sharp focus once again. The email is reprinted below, you should read it in it’s entirety.Palihapitiya doesn’t take issue so much with the founders collecting $21 million of the for themselves, but rather with the way that they did it. “My basic principle on this stuff is that if you want liquidity, that’s fine, but you should make it...

October 2, 2011
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