51–60 of 147 posts
TIL Stripe have lowered their internal valuation from $95bn to $63bn since mid 2022.
Considering so many public, profitable tech companies saw their valuations go down by 50-70% in that same period, that still seems too little of a cut.
Earlier quoted context omitted.
They've had several options for employees to liquidate some of their holdings before now. They've generally only been open to current employees, but one a few years ago was also open to past employees.
Those offerings are only for options holders. RSUs cannot be traded; otherwise, every RSU holder has to pay taxes.
Earlier quoted context omitted.
They've had several options for employees to liquidate some of their holdings before now. They've generally only been open to current employees, but one a few years ago was also open to past employees.
Those offerings are only for options holders. RSUs cannot be traded; otherwise, every RSU holder has to pay taxes.
Otherwise people are getting taxed now anyway if they are getting RSUs at a private Stripe, right?
Earlier quoted context omitted.
I have been paying and being paid for decades now, and I have never involved a payment processor in a dispute I had with the other side. If arbitration is the reason these companies exists, it seems like bad deal. Maybe they sell an illusion?
I've used banks and cards to help resolve fraud. Rarely, but I love it. And now the bank pushed me to use Zelle - which has zero protection.
Importantly they said within a year they will go public OR do a private market transaction to make employees liquid
That’s a LONG time (in total) for employees to wait for liquidity. Yes, they likely provided some opportunities for early employees to liquidate some of their holdings, but it’s got to suck to sit on that much funny money for so long.
Earlier quoted context omitted.
Those offerings are only for options holders. RSUs cannot be traded; otherwise, every RSU holder has to pay taxes.
I assume Stripe is giving out "Double Trigger RSUs" then? https://blog.pragmaticengineer.com/equity-for-software-engin... Otherwise people are getting taxed now anyway if they are getting RSUs at a private Stripe, right?
Earlier quoted context omitted.
Does Bitcoin support dispute resolution (i.e. chargebacks) yet?
It doesn't need to. Transact with vendors you actually trust who have a track record you can verify (which necessitates people being trustworthy to earn business—unlike our current economic order).
Today, I can shop at pretty much any merchant on the web, under the reasonable expectation that my bank will file a dispute for me if the merchant makes a run for it and I never receive any goods or services. Even in case of merchant bankruptcy, I'm not exposed to any risk.
In a world of non-reversible payments, I'd probably stick to Amazon exclusively. That seems pretty bad for small/new/independent merchants.
TIL Stripe have lowered their internal valuation from $95bn to $63bn since mid 2022.
Considering so many public, profitable tech companies saw their valuations go down by 50-70% in that same period, that still seems too little of a cut.
Earlier quoted context omitted.
That’s a LONG time (in total) for employees to wait for liquidity. Yes, they likely provided some opportunities for early employees to liquidate some of their holdings, but it’s got to suck to sit on that much funny money for so long.
An IPO will be longer. With the locked out period it will be more than a year