Comment by bosdev

Raising $100M at a $25B valuation means someone paid $100M for a .4% stake in AirBnB, which is both surprising and amazing to me. This does ignore whatever preference and specialized terms the stakeholders were given. And of course, the buyers aren't necessarily saying they think the company is worth $25B, they are saying they believe the market will value it at more than $25B at some point in the future.