Last night, California Attorney General Kamala Harris spoke "truth to power" at a fundraiser hosted at Airbnb's new crisp and airy Soma headquarters. But the only fat cats in the room were the Silicon Valley millionaires and billionaires who are helping to finance her reelection, including Airbnb CEO Brian Chesky and Airbnb investor Ron Conway.
Airbnb is about to close a round of funding that will value the company at $10 billion, reports the Wall Street Journal. That's four times as much as the company was valued in 2012, when it raised $200 million. This time, the valedictorian of the sharing economy is raising between $400 million and $500 million led by private equity group TPG.
Both Airbnb and Uber—shining stars of the sharing economy or efficient middlemen, depending on how you look at it—have chosen to use New York as a model city for making sure lawmakers rule in their favor. And what better way to tip the scales than by backing the man most likely to be our next Mayor?
Since Airbnb is technically illegal in New York City, the startup is willing to make some big concessions. Today, the shining star of the sharing economy said it will launch a 24/7 hotline for New Yorker in order to "remove bad actors in our community that are causing a disturbance to their neighbors." Oh, and it thinks Airbnb hosts should pay an "occupancy tax.