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Stripe sets one-year timetable to decide on going public

wsj.com

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Re: Stripe sets one-year timetable to decide on going public

#101

Post by asterix_pano »

methodical wrote: post #74
abigail95 wrote: post #48

Earlier quoted context omitted.

It's a different kind of cash (like banknotes). It has different security tradeoffs because the owner is the custodian and you aren't paying a chain of intermediaries. It's not a feature of cash that it can be stolen, every object can be stolen. The distinctive attribute is transactions are public and immutable. A car can be driven by its owner anywhere they like. If someone described a car to you as a suicide box yo…

The difference of course between all of the rubbish that crypto/Bitcoin is (since they are, at the end of the day, in the same boat), is that by entrusting central parties to handle financial transactions in our traditional financial systems we have methods by which we can reverse transactions, whereas in any blockchain system there is no real authority, by design, so any stolen assets are lost forever. There aren't…

- you can use an escrow account to reverse the transaction if needed - having full ownership of your money and it being censorship resistant (depending on the crypto) is certainly a plus if you don't fully trust your government. - the conversion to fiat is depending on adoption: the more adoption there is, the less necessary that would be. - you can decide to wire your money 24/7, internationally, instantly and with no fees (with the right crypto)

Overall you get more control of your money. If you think of money as just another kind of information, it's normal to expect it to evolve in the digital age we are living in.

Re: Stripe sets one-year timetable to decide on going public

#102

Post by treis »

mbesto wrote: post #99
treis wrote: post #78

Earlier quoted context omitted.

Sure but that's not why Visa/MC are worth that much. They're worth that much because they're a duopoly that can dictate prices.

> that can dictate prices Prices that are capped by the government: The Fed’s 2011 rules capped fees at 21 cents plus five basis points of each transaction, and also allowed an additional one cent fee per transaction for fraud prevention, where applicable. [0] [0] - https://news.bloomberglaw.com/antitrust/biden-takes-on-visa-...

That's for debit cards only. Which Visa/MC have knee capped with their monopoly power so it doesn't really matter. Actually helps as a distraction

Re: Stripe sets one-year timetable to decide on going public

#103

Post by philsnow »

ball_of_lint wrote: post #27
bgorman wrote: post #25

Earlier quoted context omitted.

Wouldn't it be good for the company to let these RSUs expire? How does it benefit the company to make sure these exercise?

Equity compensation and what it's valued at is a big factor in choosing to work at Stripe. If they start letting RSUs expire, it will make ~everyone value their equity significantly less; Stripe would likely have significant difficulties finding and retaining talent.

Not to mention I think people would also find the names of those responsible and the stench would follow their names forever.

Re: Stripe sets one-year timetable to decide on going public

#104

Post by nonethewiser »

TekMol wrote: post #7

It's interesting that there is so much technology and third party business involved in the process of moving value. - Visa has a market cap of $463B - Mastercard $362B - PayPal $90B - Block $48B Could it theoretically all be automated?

Arent those the companies automating it?

Re: Stripe sets one-year timetable to decide on going public

#105

Post by indus »

Stripe reminds me Cisco systems in 1999. Cisco powered the Internet economy. Savvy CEO and team and amazing execution. Stock traded at $60 in 2001. Went down to $16 in just 2 years and still at $40 after 25 years.

Stripe is equally relevant.

It may not achieve the same private market valuation of $95B for some time. But we love the company, and will continue to use it as a partner, customer, and cheer leader.

Re: Stripe sets one-year timetable to decide on going public

#106

Post by yieldcrv »

khazhoux wrote: post #91
makestuff wrote: post #60

Earlier quoted context omitted.

Not necessarily if they do a direct listing.

A direct listing would be very unfair to the banks that have patiently waited years to take a multi-billion-dollar chunk of Stripe’s upside in exchange for setting the IPO price (integer between 20 and 50).

but at least in an IPO the company would get a financing round, and the banks get to manipulate the market with a stabilizing bid indefinitely

direct listings completely rely on retail buyers for liquidity, and even in the frothiest markets that's not enough money in the face of all employees and the company dumping shares immediately

Re: Stripe sets one-year timetable to decide on going public

#107

Post by rglover »

lxgr wrote: post #100
rglover wrote: post #76

Earlier quoted context omitted.

> But how do I detect honesty in first interaction with an unknown party? It should be obvious. The guy who shows up to your intro meeting well-dressed, prepared, etc with references is going to be preferable to the guy who shows up smelling like vodka in tattered clothes. > As a merchant, what if I have no reputation? How do I ever get my first customer? The same way you do under the current system. Go work for some…

> The guy who shows up to your intro meeting [...] Do you regularly hold in-person intro meetings for ordering sub-$100 items online? > Go work for someone else to build up credentials/experience, or, offer to do stuff for free in exchange for referrals and testimonials. And then passport it to my own store how, exactly? "Trust me, I'm honestseller897 on Amazon/eBay"? >> on a centralized platform that can arbitrate t…

> Do you regularly hold in-person intro meetings for ordering sub-$100 items online?

Of course not but you can use the same heuristic by looking at the presentation of what's being sold. Just like in-person, it will be obvious. The only exception would be if you're doing something dubious which already has risks.

> And then passport it to my own store how, exactly? "Trust me, I'm honestseller897 on Amazon/eBay"?

I don't understand what you're asking. By doing that work and building those relationships, you've established a reference to someone who can vouch for you and your work.

> The fact that it does, when required, is the reason for rarely needing to.

Great. Use a business (or start one) to mitigate that risk for you and pay with Bitcoin using escrow.

Re: Stripe sets one-year timetable to decide on going public

#108

Post by nerpderp82 »

mercedsownboy wrote: post #93
khazhoux wrote: post #91

Earlier quoted context omitted.

A direct listing would be very unfair to the banks that have patiently waited years to take a multi-billion-dollar chunk of Stripe’s upside in exchange for setting the IPO price (integer between 20 and 50).

Thank you for a great chuckle

> unfair to the banks

Re: Stripe sets one-year timetable to decide on going public

#109

Post by mtmail »

mbesto wrote: post #99
treis wrote: post #78

Earlier quoted context omitted.

Sure but that's not why Visa/MC are worth that much. They're worth that much because they're a duopoly that can dictate prices.

> that can dictate prices Prices that are capped by the government: The Fed’s 2011 rules capped fees at 21 cents plus five basis points of each transaction, and also allowed an additional one cent fee per transaction for fraud prevention, where applicable. [0] [0] - https://news.bloomberglaw.com/antitrust/biden-takes-on-visa-...

Also capped in Europe https://www.adyen.com/en_GB/blog/all-you-need-to-know-about-... (credit and debit). But I see that as acknowledgement the companies are too large and duopoly.

Re: Stripe sets one-year timetable to decide on going public

#110

Post by chimeracoder »

yieldcrv wrote: post #106
khazhoux wrote: post #91

Earlier quoted context omitted.

A direct listing would be very unfair to the banks that have patiently waited years to take a multi-billion-dollar chunk of Stripe’s upside in exchange for setting the IPO price (integer between 20 and 50).

but at least in an IPO the company would get a financing round, and the banks get to manipulate the market with a stabilizing bid indefinitely direct listings completely rely on retail buyers for liquidity, and even in the frothiest markets that's not enough money in the face of all employees and the company dumping shares immediately

> direct listings completely rely on retail buyers for liquidity, and even in the frothiest markets that's not enough money in the face of all employees and the company dumping shares immediately

IPOs typically have a lockup period, which means that employees will always be selling to retail buyers, whether on Day 1 with a direct listing or Day 90/180/etc. when the IPO lockup expires.

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