The Ledger
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Holland: Excessive burn rate killed Fast, not investor Stripe
“Having Stripe as an investor isn't what killed our company. Having too high a burn is what killed our company. There's just no other way to put it.”
Stripe offered nearly $1.2B to acquire Airwallex in 2018
“Essentially it's a complicated deal construct. Essentially it's eight hundred million on the cap table, and three hundred fifty million to me and my co-founders, and I think it's a fifty million dollar I think twenty-five million dollar to the employees, of th…”
Lemkin: Stripe, Figma, Chime, and Canva will IPO within 18 months
“Stripe, Figma Chime, the list of folks north of five hundred million, ok, Canva, three billion, that are gonna IPO in the next 18 months.”
Singlehurst: Stripe trades at a lower multiple than Adyen while growing faster
“Stripe is priced even, even less than Adyen. If you just look at it on a multiples basis, and it's growing quicker.”
Stebbings: Stripe and Databricks Will Not Go Public in 2024
“I don't think Stripe or Databricks will go out in 24.”
Lemkin: Stripe will go public in 2024
“I think so. I think 2024 is the year of you might as well go public.”
Stebbings: Ex-OpenAI and Stripe staff raise $20M on $100M valuations
“You have person leave stripe or leave open AI or hugging face, and they raise 20 on a hundred. And that's happening more and more.”
Stripe and SpaceX Will Not Go Public in 2024
“I don't expect Stripe or SpaceX to go out next year, and Databricks alone won't be enough to crack open the IPO windows.”
Stebbings: Tech IPO market will not re-open until H2 2025
“But I think it's going to be longer. Like, you know, it, you'll see it in the update coming out this weekend, but it's like, you know, data breaks, stripe, it's not going to be enough to actually crack open the IPO markets like we think it will be, I don't thi…”
O'Driscoll: Stripe's Annual Growth Rate Is Between 20% and 30%
“It's between 20 and 30, so it's not that much bigger, Jason.”
Stebbings: Founders Fund deployed $3B in under 12 months into mega-rounds
“Founders Fund, deploying three billion in under 12 months, but deploying it into Stripe, SpaceX, and Anduril.”
Taneja: General Catalyst's best returns come from seeding and creating companies
“I mean, look, our best returns have come from seeding companies like Stripe and Andurl or Creating companies like Kayak and Livongo and Camille and others, and so.”
Airwallex leadership voted 90% against Stripe acquisition offer
“It's surprisingly only one people wanted to sell. Like literally like, 90% of people said, you know, they think we can build a bigger business.”
Bookman: Databricks and Stripe raised massive rounds primarily for employee liquidity
“They're raising, Databricks is raising most of that to deliver secondary to employees, including to deal with some tax issues, and I know that's what Stripe did, and Josh, I think, is doing most of these.”
Shopify Remains One of Stripe's Largest Customers Instead of Building In-House
“They're certainly one of Stripe's largest customers, if not the largest, and yet it's a great relationship. And at any point, of course, Shopify could have brought that in house.”
O'Driscoll: Stripe Reduced Its Share Count Over Past Four Years
“Their share count is down on three years ago, four years ago, which means they've been buying back stock.”
O'Driscoll: Stripe Generates Around $6 Billion in Net Revenue
“Stripe supports revenue net, which is around six billion plus or minus.”
Stebbings: Founders Fund closing $6B in new capital after deploying $3.3B in 11 months
“Founders Fund are closing in on six billion dollars of new funds. They invested the last 3.3 in 11 months in amazing businesses like SpaceX and Stripe and Anduril.”
O'Driscoll: Figma will IPO soon rather than stay private
“My guess is it totally makes sense for them to get a great IPO under their belt. In a way that, and not do the strike thing of stay private for another three or four years.”
Stripe CFO Will Gaybrick initiated acquisition talks with Airwallex in 2018
“Will Gabrick, the CFO at the time I think now he's CPO, he reached out through Sequoia and he said, just want another, have a conversation to see what you guys are up to.”
Wilk: Y Combinator Acquired 6% of Stripe for $17,000
“The check size was only 17,000 dollars back then for six percent, not whatever it is today, I think it's a couple 100,000 dollars, so 17 grand bought them six percent of Stripe, which is pretty, pretty impressive.”
Wise powers Google Wallet, Stripe, and most global neobanks
“Most of the near banks in the world use WISE. Google Wallet is powered by WISE, Stripe uses so platforms use us too”
Rabois: Stripe Series C was Khosla's highest entry price ever
“At the time at KV, when we invested in Stripe Series C, it was an order of magnitude more expensive than the entry price for any investment in the history of KV.”
Stripe placed all new hires into customer support queues on day two
“And then, you know, day two, I think we would all get thrown into the support cues. And so that was really great at teaching our users first orientation and getting hands-on experience with customers and learning the product.”
Most payment processing revenue still sits with legacy incumbents
“If you take the three leaders today, which are ID and Stripe and Checkout, we're literally scratching the surface of what's possible. This is mathematical. All the revenue is still sitting in the incumbents”
Gupta: Sequoia backed Stripe founders before they wrote any code
“At the time, Patrick and John at Stripe, when all they had was an idea and not a single line of code, because they were remarkable and they were daring.”
Stripe's Patrick Collison met 5-6 top executives before making senior hires
“Patrick Collison from Stripe often says this, which is for every senior exec role that he decided to Hired. He first spent time with five or six execs in that role to really understand and establish what is best in class.”
O'Driscoll: Stripe and PayPal Each Process $1.8 Trillion Annually
“They both process kind of 1.8 trillion dollars a year, right?”
O'Driscoll: Stripe generates $5B in revenue compared to Adyen's $2B
“Stripe's doing five billion plus or minus, Addians doing A two billion, right? So it's half the size. So two and a half times the size.”
Stripe's valuation reached $95B in its early 2021 funding round
“Looking back four or five years, it sure Stripe's most recent round was a ninety five billion dollar valuation.”
Assembled was Stripe's first seed investment
“Stripe did this seed. It was the, I think was the very first deal that Stripe did as a seed investment.”