Tuesday, October 4, 2011

Why the relationship between Airbnb and Mr. Palihapitiya will never be the same

It's make up time for Palihapitiya and Airbnb. After the email leak where the former facebook exec turned investor denounced the funding practices of the founders, the two entities settled their differences after making slight changes in the requirements of the funding. By reducing the cash received by the founders and including early employees in the dividend sharing, Palihapitiya is back in the Airbnb-ship, looking forward to a more prosperous partnership in the coming years.


Here's the thing, I'm not pretty sure that all will be well and good with Palihapitiya and Airbnb, not after this whole debacle. It will never be, ever. It's all in the leak. How can an email this secretive, so confidential, even sensitive, be leaked to the public at large? If I were Airbnb, I will never trust this guy with valuable, not-to-be-leaked information again. And the vulgarity of it all that even if it was not leaked, this guy was effectively telling you what to do and what not to do. True, he helped facebook became the giant that it is now but even for an investor of his caliber, that's pretty heady.

Photo: Crunchbase