The Ledger
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Garrett: Databricks and Stripe converted RSUs to single-trigger to delay IPOs
“If you saw recently with Databricks and Stripe, those big massive rounds and tenders were actually to cover the tax bill for the employees after they hit their seven year cliff on the double trigger RSU. So they converted from double trigger to single trigger …”
Avalara and TaxJar abandoned SMB market after acquisitions, says Badangay
“One of them was Avalara, which was, had been acquired by Vista Equity, this private equity group for about 8.4 billion dollars. And then you had Taxjar, which got acquired by Stripe for you know, close to a billion dollars as well. And with these acquisitions,…”
Sequoia's Shaun Maguire helped structure Stripe's acquisition of Bridge
“I mean, like one of the most interesting parts about the Stripe bridge deal was that it seemed that the, one of the investors from Sequoia on both boards was like pretty instrumental in helping to get that deal done, which you don't see very often. And it's a …”
Power: Stripe and Google capped annual team headcount growth at exactly 30%
“Patrick Carlson from Stripe and also Eric Schmidt at Google basically had a hard and fast rule that you could only scale teams 30% a year without damaging the culture of the org.”
Immerman: Stripe runs annual employee tenders to stay competitive while private
“They have run a really efficient process with their tenders. They've done it annually to deliver liquidity to their employees and stay competitive in the market.”