ISSUE – Jul. 12 | ‘Airbnb mafia’ fund Wave Capital makes it official, closing its debut fund with $55 million

A couple of weeks ago, Airbnb announced some major changes to the ways it compensates employees before it goes public.

At least two former Airbnb employees and a longtime VC will be ready to fund those who leave when it does. They’ve been waiting on this moment since last summer, in fact. That’s when former Airbnb data scientist Riley Newman left the firm to start work on a venture firm, quickly enlisting the help of his colleague of several years, Sara Adler (Airbnb’s former head of corporate development) and former Madrona Venture Group principal David Rosenthal.  [ Tech Crunch ]

ad ad