61–70 of 253 posts
> Businesses running on Stripe generated $1.9 trillion in total volume I think we hackers in general also need to have a value assigned. Even open source authors generate real value but right now I see an imbalance as to who makes money and who does not. I'd even almost go as far as say that taxes (a state gathers) should go to a certain percentage value back to the open source community. There are a lot of details m…
It's insane that they aren't public yet. Their investors must be pressuring them like crazy to IPO.
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To give liquidity to investors.
The cost of that liquidity is missing out on realizing future growth though. It's fairly safe to assume that as there isn't an IPO yet the investors want to hold rather than cash in returns. They probably believe there's more growth potential, and that the board are the right people to deliver it.
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The cost of that liquidity is missing out on realizing future growth though. It's fairly safe to assume that as there isn't an IPO yet the investors want to hold rather than cash in returns. They probably believe there's more growth potential, and that the board are the right people to deliver it.
If you bought Stripe at a 95b valuation in 2021 your returns are barely keeping up with the SP500 after this latest round. Not exactly an elite capital growth machine.
It's insane that they aren't public yet. Their investors must be pressuring them like crazy to IPO.
It’s sad. Public companies allow the rest of us to participate in a success story like this. Until IPO it’s only a selected group of affluent people who have access to these private companies.
Navigating the risk and growth allows them to navigate their growth and rewards while maybe in the drivers seat a bit more.
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I hope they never go public (also as an ex-Stripe!) I can't really see a net-positive benefit to having public shareholders and reporting requirements. Do we think Stripe's leadership needs feedback from random investment advisors or analysts? Do employees need the distraction of daily-updating stock prices? Would quarterly reporting incentivize better decision making? In my opinion: ehhhhhhhhhhhh I see the benefit,…
I'm sure they already have more than the 500 non-accredited or 2000 accredited shareholder total that would trigger most of those reporting requirements anyways. So Stripe already has most of the drawbacks of being a public company without the benefits.
They get to _choose_ who they let in if they are private (by definition).
They don’t need the public’s money and don’t want the headache of dealing with the public. I’d completely agree if I were them.
Disclaimer: ex-stripe who is still an investor.
Private markets is where the wealth is (if you invested at the bottom), as soon as Stripe goes public you're getting dumped on. Unfortunately you need to be an accredited investor to access these markets. This is the real gatekeeping here as rich pop stars, actors, sports stars and musicians who aren't versed in tech has more access to investing in these private companies than the academics, students in europe creati…
If you don't meet the financial requirement ($200K annual income or $1M net worth), you can also qualify as an accredited investor by passing the Series 65 exam and filing a form with the SEC. So you have to prove that either you can afford to lose some money or you have enough investing knowledge to know what you're getting into. Seems fair.
Seems "fair" to be honest.
I have a few friends that that have told me about certain companies they would like to invest in and they are knowledgeable about but they cannot access them but I can and not give them any shares.
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Stripe has been doing annual tender offers. Their stance on not being public yet is that they don't need to be, as an IPO is mainly a way to raise money. As an ex-Stripe, I understand the sentiment, and the tender offers are a nice middle ground for now, but I still would like to see them go public eventually.
Going public is the fastest way to turn a solid, functioning business into a hideous, infinite-growth chasing ghoul that everyone hates. Don't do it.
The important part is that the Collison's control Stripe now. When that changes things may go down hill. It won't matter if it is public or not.