Stripe in Talks for Up to $500M in New Funding
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Stripe in Talks for Up to $500M in New Funding
1–10 of 18 posts
Re: Stripe in Talks for Up to $500M in New Funding
#2Stripe is a fully featured product and platform now with so many customers: it's the go-to payment provider for pretty much every startup. Do they really need this money? If so, that's scary. I want my payment provider to have a rock solid business model, not still burning VC cash.
I would expect that at this stage Stripe ought to be pulling away from VC money, as their profits hopefully increase. There are, of course, valid reasons to take VC money at a late stage - fuelling expansion is the main reason. But does Stripe really need the money to expand? I would hope that they could support their expansion themselves.
Normally I wouldn't care much, such as when Uber raised a bunch of money recently, but Stripe is different because they're so central to my business. I really need them to be rock solid. It would be a huge pain if I had to switch payment providers, especially with all of the subscription logic that Stripe provides.
Re: Stripe in Talks for Up to $500M in New Funding
#3Stripe is a fully featured product and platform now with so many customers: it's the go-to payment provider for pretty much every startup. Do they really need this money? If so, that's scary. I want my payment provider to have a rock solid business model, not still burning VC cash. I would expect that at this stage Stripe ought to be pulling away from VC money, as their profits hopefully increase. There are, of cours…
I roughly agree with your sentiments. I am currently a Stripe customer, but if I wasn't this funding would make me think twice about doing biz with them. That sort of money creates all sorts of perverse incentives. For these reasons, we looked at Zenefits, and ended up going with the someone else. People there just have not perspective and no real reason to place value on the customer when they have money to burn.
The counter-example is Github. They took $100MM from AH which they did not need. Fortunately, from the customer's perspective the product has not suffered. That being said, they have had some internal management issues that I suspect they would not have had if they didn't have money to burn.
Re: Stripe in Talks for Up to $500M in New Funding
#4Stripe is a fully featured product and platform now with so many customers: it's the go-to payment provider for pretty much every startup. Do they really need this money? If so, that's scary. I want my payment provider to have a rock solid business model, not still burning VC cash. I would expect that at this stage Stripe ought to be pulling away from VC money, as their profits hopefully increase. There are, of cours…
Maybe they need the capital to build new products.
Re: Stripe in Talks for Up to $500M in New Funding
#5Stripe is a fully featured product and platform now with so many customers: it's the go-to payment provider for pretty much every startup. Do they really need this money? If so, that's scary. I want my payment provider to have a rock solid business model, not still burning VC cash. I would expect that at this stage Stripe ought to be pulling away from VC money, as their profits hopefully increase. There are, of cours…
Stripe CEO here: this story is false. We've never even contemplated raising such a vast amount of money.
Re: Stripe in Talks for Up to $500M in New Funding
#6Stripe is a fully featured product and platform now with so many customers: it's the go-to payment provider for pretty much every startup. Do they really need this money? If so, that's scary. I want my payment provider to have a rock solid business model, not still burning VC cash. I would expect that at this stage Stripe ought to be pulling away from VC money, as their profits hopefully increase. There are, of cours…
They might be trying to roll some new stuff out. I don't know about Stripe's financial internals, but they could have stable financials, but a major project in mind and need cash to run for it. VC money's probably way easier to get than a $500 million bank loan for them.
Last I talked to someone at Stripe, my impression is that they were still relatively small in terms of staff (I think someone said 100 in total across the world?).
Re: Stripe in Talks for Up to $500M in New Funding
#7I wonder what they need that much money for. Their product is pretty solid and I assume they are making a profit. Is it for marketing purpose?
Re: Stripe in Talks for Up to $500M in New Funding
#8Stripe is a fully featured product and platform now with so many customers: it's the go-to payment provider for pretty much every startup. Do they really need this money? If so, that's scary. I want my payment provider to have a rock solid business model, not still burning VC cash. I would expect that at this stage Stripe ought to be pulling away from VC money, as their profits hopefully increase. There are, of cours…
Stripe CEO here: this story is false. We've never even contemplated raising such a vast amount of money.
Direct as they say from the horse's mouth. I would not expect you to elaborate. However, thanks for making such a kick ass product!
Re: Stripe in Talks for Up to $500M in New Funding
#9Earlier quoted context omitted.
Stripe CEO here: this story is false. We've never even contemplated raising such a vast amount of money.
Direct as they say from the horse's mouth. I would not expect you to elaborate. However, thanks for making such a kick ass product!
Thanks very much for using it! (Feedback always welcome: patrick@stripe.com.)
Re: Stripe in Talks for Up to $500M in New Funding
#10Stripe is a fully featured product and platform now with so many customers: it's the go-to payment provider for pretty much every startup. Do they really need this money? If so, that's scary. I want my payment provider to have a rock solid business model, not still burning VC cash. I would expect that at this stage Stripe ought to be pulling away from VC money, as their profits hopefully increase. There are, of cours…
If we've learned anything in the past 10 years hasn't it been not to irrevocably build dependency on any 3rd party service or API?