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Stripe raises $600M at nearly $36B valuation

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Re: Stripe raises $600M at nearly $36B valuation

#21

Post by jacquesm »

enumjorge wrote: post #15
whalesalad wrote: post #9

Earlier quoted context omitted.

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?

On the other hand, presumably it’s in Stripe’s best interest for its customers to stay afloat.

If they are viable businesses, then yes. That's the hard part of risk management: determining which companies will make it through if you support them and which will fail anyway, regardless of assistance.

Re: Stripe raises $600M at nearly $36B valuation

#22

Post by sjunlee »

pc wrote: post #17
JaakkoP wrote: post #10

I 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."

:-). True.

Is Stripe still hiring during COVID-19?

Re: Stripe raises $600M at nearly $36B valuation

#23

Post by chishaku »

mc32 wrote: post #16
JaakkoP wrote: post #10

I 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."

So the question is, will the adoption of these services stick after things return to a more normal state? Certainly there will be some stickiness, but how much and for whom? To state the obvious, some adoption will be permanent but others not much. Where that will happen and by how much is a diff question. Example, will people go back to Starbucks or will they keep on making more coffee at home, maybe get an entry es…

When will things return to a more normal state?

Re: Stripe raises $600M at nearly $36B valuation

#24

Post by gk1 »

mc32 wrote: post #16
JaakkoP wrote: post #10

I 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."

So the question is, will the adoption of these services stick after things return to a more normal state? Certainly there will be some stickiness, but how much and for whom? To state the obvious, some adoption will be permanent but others not much. Where that will happen and by how much is a diff question. Example, will people go back to Starbucks or will they keep on making more coffee at home, maybe get an entry es…

The biggest barrier to late adopters is the learning curve and confidence: They worry that new tech will take too long to learn, and they're not confident it will work right.

Right now a lot of people have no choice but to learn how to meet with Zoom, how to order with Instacart, how to communicate through Slack, ... And as they do, hopefully things are working out OK and they're building confidence in those technologies.

When the pandemic subsides, I don't see much reason for people to revert en masse.

Re: Stripe raises $600M at nearly $36B valuation

#25

Post by jacquesm »

pc wrote: post #11
GhostVII wrote: post #3

This is not a new valuation, is an extension of their series G from last year which also had a 35B valuation.

That's right; this isn't new. We just decided that it was prudent to extend the round a little given the economic uncertainty.

In which book is $600M 'a little' :) Really, that's boatload of money by any standard.

Re: Stripe raises $600M at nearly $36B valuation

#26

Post by brenden2 »

pc wrote: post #17
JaakkoP wrote: post #10

I 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."

:-). True.

Getting in on the free government money train, smart.

I guess that's why you're a billionaire genius SV CEO and I'm a broke, unemployed, failed wannabe entrepreneur with a ton of worthless employee stock that I put all my life savings into and can't sell. Also I'm old so nobody will hire me because they think I'm too expensive and too experienced (unwilling to put up with BS).

Re: Stripe raises $600M at nearly $36B valuation

#27

Post by saluki »

mc32 wrote: post #16
JaakkoP wrote: post #10

I 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."

So the question is, will the adoption of these services stick after things return to a more normal state? Certainly there will be some stickiness, but how much and for whom? To state the obvious, some adoption will be permanent but others not much. Where that will happen and by how much is a diff question. Example, will people go back to Starbucks or will they keep on making more coffee at home, maybe get an entry es…

We had been talking about trying out instacart in December. I was just spending lots of time running to pick things up at the store. We used to grocery shop small orders every 2 days or so. Sometimes daily.

Now we are trying to minimize going out at all. So we've been using instacart and shipt for over a month and it's a big time saver. So I expect we will continue to use them once we are in a more normal state.

So I expect lots of people will keep using them just because it saves time.

I think normal is going to be way out like 18 months at least and probably longer.

Even at that point we're probably going to be minimizing crowds and shopping in stores. And we're definitely going to be shopping less frequently and larger grocery orders.

This event will change how a large % of us lives and shops for a long time.

Re: Stripe raises $600M at nearly $36B valuation

#28

Post by pm_me_ur_fullzz »

I want a bot that translates these advertisements to the equivalent phrasing used in public equity markets

"Someone bought 1,000,000 shares of a company at a price of $20 in a secondary offering. Company's marketcap is now $36B"

Private equity market lingo is dumb. Many companies don't state the valuation after a round and the ones that do deliberately do it for clout. It is confusing and counterintuitive because people wonder why the "valuation is stretched" when literally just someone bought some shares, its not really news that someone bought shares at a high price. "Jonathan bought 1 share of Amazon for $2,000 for a valuation of 1.5 trillion" doesn't matter if this was a secondary market trade, or Amazon doing a 1 share secondary offering "raising $2000", it is a completely non news story, except in how the private equity world chooses to warp the language.

In private equity, the "rounds" have to be a higher valuation, and a "down round" is bad - an instant death knell and death spiral for the company solely because of how the PE world chooses to broadcast clout.

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