I really hate to leave on such a bad note, and part of this is an attempt to validate my old self, so I'm leaving a handful of positives. I genuinely like the Collison bothers. They're nice and incontestably sharp. We all know that they're under immense pressure, so good on them for always, ostensibly, showing up and fielding the good and bad. Also, Stripe's products are cool and useful. Plugging into Stripe is a great way for burgeoning businesses to start collecting payments and many people agree.
Before I joined, Stripe was touted as the most highly-valued private company in the world on the verge of a blockbuster IPO that was sure to seat it alongside the tech giants of our day. This isn't quite how it played out... Scaling: It had to happen, but boy, was it a mess. The unvarnished truth is that the company scaled too quickly, and with that, never had much of a coherent plan as to how to do it. So naturally, the company grew lopsidedly and at a rate it couldn't manage. Hubris, fueling the fire, led the company to dole out of some of the largest comp packages in the industry, pushing OpEx to dangerous levels and forcing the eventual 14% RIF. Disappointingly, the admittance of a misfire never truly surfaced. Of course, things are always easier said than done, but there are strategies. Performance: There's an aura of crypticness that clouds Stripe's performance review process. And, it appears I'm not alone in thinking this: I've heard first-line managers hint at the fact that they didn't quite grasp all the details. Not acceptable. You can't build a successful company this way, at least one that doesn't leave long-lasting scars—which is, capitalism be damned, the point. I've seen ICs carve out days, if not weeks, to prepare their self-evaluations, latching desperately to the idea that this might be the year they're duly recognized—only to be met with a “Wellll… you did x and y, but what about z.” Well, you just killed your As, and the Bs are following suit. Leadership: Lower-ranking managers have way too much latitude. Managers can easily transition out of their positions, start new teams, and promote other managers—all without questioning. There isn’t a rigid system of checks and balances like there is at other well-established companies. Look, this kind of freewheeling decision making is (maybe) okay as a startup, but this company is pushing 15 years! This might fly over the heads of leadership, but all of this movement deeply affects the frontline as they’re forced to continuously navigate managerial changes, and the directional shifts that come with it.
I understand Stripe is pre-IPO, so how do Stripers Cash their “vested “ Stock options?
Looked up similar threads, couldn’t find a clear answers. Has anyone been successful selling stripe stock pre-ipo? Chatted with my finance bro friend, didn’t sound hard other than the company blocking it. Considering an offer there but concerned about the Monopoly money factor. Please spare me th...Read more
Does Stripe give more RSUs each year? If I join now as an L2 (TC: 290k), how much stock refresher should I expect and when would that be? Are there any rules for new employees (not) getting refreshers? #stripe
I'm interested to buy Stripe pre ipo stocks. Forge global has minimum of $1M requirement. Is there any other legal way to purchase? Can I buy directly buy from employees? TC: 650k YoE: 13
I might get offer from stripe. How does stock option work? Can we exercise before IPO? Can we retain it if we leave company before IPO? Tc 370k
I'm interested in purchasing some Stripe stock. Anyone out there looking for liquidity? I know Stripe tries to block secondary transactions, but I'm an experienced angel and secondary investor. I've done multiple of these transactions and there's a high chance we'll be able to get this done. Open ...Read more
I got a new grad SWE offer from Stripe, and I have two questions. 1. My offer letter says that AVGs increase when you get promoted. But by how much? Would you get as much as L2 external hires, if you start out as an L1 and get promoted? 2. My offer letter also says that I may receive “Performance ...Read more
Does stripe have a buyback stock option? They are evaluated ar 22 billion. I guess the price per stock is about $10. can someone confirm this?
Considering Stripe goes for IPO later this year, with valuation touching 100B already, how much upside do you see in terms of Stocks/RSUs? #stripe #stripeipo #ipo #techcrunch #coinbase #amazon #microsoft #google #uber #square #robinhood #facebook #airbnb
The Information reported the story.
Is this something that anyone has done? Sell Stripe stock in pre-IPO markets? If so, how? #stripe #stock #secondary #pre-ipo #ipo
Stripe is obviously one of the hot startups. Is there any way we can buy shares of stripe in the secondary market? TC - $350 #tech
If you choose one or the other, please comment on the amount that you believe would make this an equal decision. Tc 420 yoe 7
I would like to buy Stripe but not sure where. I can meet any investment minimums.
What will be the stock benefits of joining Stripe at the current stage before it goes ipo? #stripe #equity #stocks
Did anyone catch this from the latest all-in pod? What do you guys think of stripes valuation, will it last? TC 180 YOE 0
I noticed that in the last 5 years startups don't really go public and grow beyond 10B+ with external investments. Then people join and watch them drop massively! Uber was worth $60/stock before it went on an IPO 6 months later $30 Instacart was worth 40B when it was private. Now it's worth 6B. Co...Read more
Saw this a while back and don’t know if they’re still doing this. Are they RSUs or options?
Currently at a startup making $260k all cash. Decent WLB, interesting work. Offer from Stripe: L3 $200k + $90k rsu + 30k bonus ~= $320k Is the move worth it given that Stripe's stock is not liquid. Although TC is higher, monthly paycheck will go down by 10-15%. Both are remote LCOL.