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Report: Peter Thiel to Invest in Airbnb

At $150 million, the investment would value the company at $2.5 billion.

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Peter Theil of PayPal

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Billionaire venture capitalist Peter Thiel is reportedly in talks with online room rental service Airbnb about investing $150 million in the company, according to The Wall Street Journal.

The investment would value the company at $2.5 billion.

Whether or not the investment would be made by Thiel personally or through Founders Fund, the venture capital firm he co-founded, is not known at this time.

Founders Fund did not return a request for comment at time of press.

Venture capital firms Andreessen Horowitz and Sequoia Capital--current Airbnb stakeholders--are also expected to be involved in the fundraising round.

Founded in 2008, Airbnb is a Y Combinator alum that has raised $120 million in financing to date, the Journal says.

Based in San Francisco, the company operates an online marketplace that allow users to rent--or rent out--spare rooms and couches.

Last updated: Oct 19, 2012

JOHN MCDERMOTT | Staff Writer

John McDermott is a business and culture reporter whose work has appeared in the Chicago Tribune and Playboy and on AOL.com. He recently moved from Chicago to Brooklyn, New York, to work for Inc.com.




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