Airbnb’s New Endowment Fund Seeks to Give Hosts a Piece of the IPO Action

Airbnb’s New Endowment Fund Seeks to Give Hosts a Piece of the IPO ActionOctober 30, 2020

Kevin Krejci   / Flickr.com

Airbnb co-founder and CEO Brian Chesky (center) posed with some San Francisco hosts after breakfast on June 3, 2015. Airbnb is creating an endowment fund to benefit hosts. Kevin Krejci / Flickr.com

Skift Take: The Airbnb Host Endowment wouldn’t turn hosts into investors in the IPO. But by earmarking 9.2 million shares to fund the endowment, it may counteract the feeling among a few hosts that going public would only benefit elite investors and employees. It’s a clever and creative move by Airbnb, but more fundamental host issues remain.

— Dennis Schaal

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