After Adyen plunged 40% yesterday, its likely Stripe’s valuation is also cut in half. This is after Stripe’s valuation was already cut in half earlier this year. The fintech space is deflating as we speak. https://www.cnbc.com/amp/2023/08/17/adyen-earnings-h1-2023-stock-down-28percent-after-record-low-sales-growth.html
Valuation means nothing until shares are liquid.
Not really. It holds some value. If not every startup can say they are a billion dollar startup. Ever heard of 409a process?
Absolutely impacts ability to get future funding, which then increases the upside risk, add in the IPO queue that’s been building up and it starts to look grim. Running out of fuel with no gas station in sight.
OP, where did you get the 75% number from? Don’t tell me it’s from your rearside hole.
The key question. I think he dreamt it. No one knows what stripe is worth
Didn't you read the north American customers started becoming cost conscious. US is stripes main market... So op is not wrong
And then look at India's fintech giants PhonePe and RazorPay. Looks like far from game over for them. Their valuation keeps rising
Meanwhile profitability not in sight
@Ymxa07 meanwhile Gpay is profitable while not even being the leader.
It's a bad time for valuations in general
I feel bad for all those employees who thought they would have millions
Why
Are you one of them Snapchat
That is what using leer code interviews do for you.
You have no idea what you’re talking about. Stripe notoriously doesn’t do leetcode interviews.
Not when I was interviewing, did they change it?
Turns out funny money is just funny
Not funny. It's sad. Crying in Waymo Stock Units here ..
It’s ok, we get ARGs (fixed $ value grants of RSU), the lower the stock price, the more units we get and the less we pay in income tax when it vests. E.g I got double the units of shares vs last year and paid less taxes on my vests. There’s no benefit for me if stripe stock price went up, I’d just pay more income tax on my paper money and get less shares on new grants It’s actually optimal to get in now, less chance of further loss post ipo. After we ipo, our pay effectively becomes cash due to liquidity and fixed due to ARG instead of 4 year vest. Even if post ipo we are flat, i still have still a good comp package on the level of Netflix. Longtimers probably still up from when they started. Plus I actually enjoy my job and without releasing confidential info, my coworkers and I are pretty optimistic, definitely having a better time here than adyen
Can you elaborate more? If you get fix $ why did you pay less income tax during vesting?
So we get fixed $ during grants. Then after 1 year when it’s vested, we pay taxes on the value at that point.
Look at Paypal
Please don’t
Don’t worry I love Venmo, even though my love for Venmo is meaningless!
Paywall
New link!
12ft.io