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Airbnb banked on short-term rentals. Can it continue without them?

Posted On: Aug 5, 2020   |   Posted By: The Real Deal New York

This story was originally published in July 2020. Just over a year ago, Lyric was riding high. On the heels of a $160 million funding round led by Airbnb, the short-term rental startup was plotting a massive expansion in the spring of 2019. Employees mused about buyouts and stock options. “It was a big deal,” said a former Lyric executive who asked not to be named. “We were depending on a fundraise to grow the

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