Stripe

“Well, I think more people do just because the technology companies that have come around, like, you know, stripe and others will eventually just try to take it to zero.”

“That's gonna be the most valuable, valuable company. That's private right now.”

“If you leave sub stack, you get to take your stripe account with you. You use your Stripe account. So now it's portable. You can go on Substack for a year, leave and keep all your subscribers.”

“I think that over the next decade, because of exactly what you guys said, that Apple is run by managers who don't want to see loss, but aren't driven to gain, you're going to end up seeing Amazon in particular, and Apple likely as well, Lose to the likes of Sh…”

“If you look inside the P and L of Shopify, an enormous line item now about three hundred and fifty million bucks a year is what they're paying to stripe.”

“And so Stripe's IPO could be the biggest tech IPO ever. I think they've been talking about doing a direct listing. By the way, I don't know the guys. I don't know the investors. I don't know the company. I'm not an investor. So I don't have any information wha…”

“Their hundred two million dollar Series B was led by Stripe in January of 2021. Company raised one hundred twenty four million dollars in total.”

“Stripe, 14% RIF, a thousand employees, Opendoor Chime, Dapper Labs, all hundreds of employees, Opendoor, the most significant, there are 550, 18%, Dapper, 22%”

“This is the number of employees that Stripe has. It went crazy from a little over 2000 to almost 8000. So a four X of employees in two years.”

“According to a leaked pitch deck Stripe implied they needed 2.3 billion in capital by the end of Q on 2023. They're working with Goldman Sachs to raise a few billion at a fifty five billion dollar valuation. That's down 42% from the peak of ninety five billion…”

“The most profitable thing they could have done from an enterprise value perspective would probably have been to go public in 2018, 2019.”

“The previous valuation was very expectation heavy. And the new valuation is definitely more in line, but still very rich relative to other companies who have large profitability and large growth rates.”

“Adyen and Stripe are gonna process two trillion dollars almost.”

“And I think the answer is that Stripe at that fifty billion dollar round, fifty-five billion dollar round is worth twenty-five billion. So there's a 50% markdown right there.”

“The thing to remember about all these businesses, Stripe, Adyen, PayPal, is that they're middlemen businesses, which by definition means that they don't have pricing power. They actually have to reflect the prevalent pricing power of the incumbent sponsors of …”

“There are only two companies that can structurally open the capital markets for all startups. One is SpaceX Starlink, but that's on its own path, and not going public soon. And the other is Stripe.”

“Sequoia Capital has invested five hundred seventeen million in Stripe. That's currently worth about ten billion.”

“I think so. Ultimately, if we're both public you're going to compare the same numbers and it's a combination of growth rate and profitability.”

“Because I think we are the only two companies globally that are investing in technology, in financial technology.”

“We are profitable, yeah. And profitable on like a fully loaded gap net income basis, not like a community adjusted EBITDA stuff.”

“This is our life's work. You know, we're not going anywhere. We'll be very happily running Stripe in 10 years' time, in 20 years' time.”

“Various fraud metrics across the industry and the ecosystem are way up over the last couple of years. And Stripe's actually down by 80%”

“It's more than a trillion dollars a year.”

“When someone comes and buys something from a Stripe user, 93% of the time, we have seen that card before.”

“People generally make the argument that it is critical for discipline to be public and public companies run in a more disciplined fashion. And I think that's hogwash. Like if you need a 25 year old fidelity analyst asking you to double click on your capex, bla…”

“The thing that we have seen, and interestingly, we measured this before COVID, because we were doing a lot of remote hiring, and we wanted to see how much we should lean into it, is that it is not good for early career people. We can actually measure it in our…”

“I think also working remotely has had a bunch of benefits where there's a way larger talent pool available to companies like Stripe.”

“I would say Stripe broadly, Is in a pretty similar spot to where it was beforehand, which is most people go into an office. Like most people are, you know part of our San Francisco office or New York or Dublin or Singapore or wherever. And then we have a bunch…”

“It is not good for early career people. We can actually measure it in our productivity data before the whole discussion about remote work happened during COVID, and it's bad from a work point of view.”

“And what this is was from Stripe's report, which showed the time to get to five million of annualized revenue. And the average SAS company took 37 months. And by 20, 24, the top 100 AI companies got there in 24 months.”

“I do think Stripe's main business could be, if we're sitting here in five years, Chamath, could be sitting on three hundred billion dollars and getting whatever it is, three, four or five percent on some coupon, right? They could be making 10, twenty billion d…”

“I think it will become a standard, and it makes it really easy for an LLM, like Stripe can just integrate with MCP, and then any LLM that uses MCP can, you know, interact with Stripe.”

“You helped us with the investment in Uber. Sam Altman was in that group as well. He helped with an investment in a little company called Stripe.”

“Stripe, Visa, everybody's gonna have their own stable coin.”

“Anticipate one of the following two will file. SpaceX, Android, Stripe, Anthropic, and OpenAI. I think two of those file, and it is going to be gangbusters.”

“When you talk to the Collison brothers at Stripe, they'll tell you that the Rate of growth of the 20, 25 cohort companies is about four times faster than the 20 18 companies.”

“What is the only kind of baby that Advent and Stripe and Block could have together? And I think there's one, which is you are creating a competitor to Visa and MasterCard.”

“This is the exact reason why if this had happened two years ago, this would have been the antitrust equivalent of a colorectal exam. I mean, you would not even get one step close to doing this deal two years ago.”

“And I think they're doing about two trillion a year of annual transaction volume. I think PayPal is doing 1.7”