Stripe raises $600M at nearly $36B valuation
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Re: Stripe raises $600M at nearly $36B valuation
#2Didn't they recently start out giving loans to SMs?
Re: Stripe raises $600M at nearly $36B valuation
#3This is not a new valuation, is an extension of their series G from last year which also had a 35B valuation.
Re: Stripe raises $600M at nearly $36B valuation
#4Didn't they recently start out giving loans to SMs?
Yes based on incoming revenue from payments, Stripe Capital:
https://stripe.com/capital
Re: Stripe raises $600M at nearly $36B valuation
#5That's much higher than Square (25.2B) but lower than Shopify (60.5B)
(Square and Shopify have 4.71B and 1.58B in revenue, respectively)
Re: Stripe raises $600M at nearly $36B valuation
#6I wish stripe would offer some relief for the pandemic to their customers. I use them for my business to process CC's but they have not provided anything. I can't get a PPP loan. I'd accept an interest free loan if they would offer it to my business. They did approve me for a loan but want a fee upfront + a slice of daily sales until its paid back.
Re: Stripe raises $600M at nearly $36B valuation
#7This is not a new valuation, is an extension of their series G from last year which also had a 35B valuation.
At this point we may as well just start using numbers instead of letters.
Re: Stripe raises $600M at nearly $36B valuation
#8This is not a new valuation, is an extension of their series G from last year which also had a 35B valuation.
>series G
seriously? like they've had A,B,C,D,E,F,G rounds of vc funding?
Re: Stripe raises $600M at nearly $36B valuation
#9I wish stripe would offer some relief for the pandemic to their customers. I use them for my business to process CC's but they have not provided anything. I can't get a PPP loan. I'd accept an interest free loan if they would offer it to my business. They did approve me for a loan but want a fee upfront + a slice of daily sales until its paid back.
Beggars can’t be choosers. The fee and slice of sales until paid back is completely reasonable.
Why should one business have to shoulder the struggles of another? Yes, there is potentially a moral obligation to your fellow man. But this is capitalism baby.
If stripe handed out a bazillion loans without any expectation they’d be paid back... what do you imagine would happen?
Re: Stripe raises $600M at nearly $36B valuation
#10I love the quote from John Collison:
"This is digital migration in a very compressed period of time, for both businesses and customers," Collison adds. "My mom recently asked me if I'd heard of 'this Instacart thing.' Yeah mom, I have."