Publicação
From seed to skyrocket: Airbnb’s valuation odyssey and early-stage valuation principles
| Resumo: | This thesis explores the valuation dynamics of early-stage companies, focusing on the case study of Airbnb. By tracing Airbnb’s corporate journey from its inception in 2008 to its 2020 IPO (Initial Public Offering), the research examines how early-stage valuations are driven by speculative market sentiment, investor psychology, and the changing risk profiles across funding rounds. Through the analysis of financial data, venture capital trends, and macroeconomic conditions, the study tests hypotheses related to the role of market speculation, investor profiles, and valuation metrics in shaping Airbnb’s corporate trajectory. The findings suggest that early-stage valuations are influenced more by founder reputation and market optimism than by traditional financial models, while post-IPO valuations increasingly align with standard financial principles such as price-to-earnings ratios. This study contributes to the broader literature on startup valuation and venture capital by offering insights into the intersection of finance, psychology, and market conditions in shaping a startup’s growth and market capitalization. |
|---|---|
| Autores principais: | Pais, Luís Miguel de Jesus Rodrigues Fernandes |
| Assunto: | Early-stage valuation Capital de risco -- Venture capital IPO Airbnb Speculative investment Market sentiment Startup finance Corporate valuation Valorização em fase inicial OPI Investimento especulativo Sentimento de mercado Finanças de startups Valorização corporativa |
| Ano: | 2024 |
| País: | Portugal |
| Tipo de documento: | dissertação de mestrado |
| Tipo de acesso: | acesso aberto |
| Instituição associada: | ISCTE |
| Idioma: | inglês |
| Origem: | Repositório ISCTE |
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