[webwright]

I'd guess more .2 - 1.0 after rounds of dilution, but it depends on when he came on board. The $30B valuation is preferred shares, right? If he sold any before liquidity, it'd be common shares, which is often deeply discounted (~33% of preferred).

[mrgordon]

Yes I agree, 0.5% is quite a high estimate for being the low end of the range. Airbnb common shares as well as those of other hot startups (e.g. Uber) are trading fairly close to the price of preferred though if one obtains liquidity.