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I just got an offer from Stripe for TC $210 which is slightly less than I was hoping for. I'm wondering what sets them apart from other payment companies for good growth? I understand the value and risks of a payment aggregator but I'm curious what the growth case looks like in a market with several large competitors. I'm not particularly bullish on the metaverse and don't want to stick around to find out if it's worth the stock stagnation I'm expecting.
I hope you missed a K in the TC, op 😄
Adyen has better payment method coverage globally than Stripe. The issue with payment aggregators is that they charge a mark up for convenience and ease of setup. This works, until the client / company becomes so big that the markup is so expensive, it’s not worth it to use Stripe. Personally not that bullish on stripe. It’ll be a paycheck. But don’t go in expecting a 2x on the equity anymore. Or liquidity next year.
How do you feel about the growth potential?
As told by Blind: Don't join at Stripe because it has no upside as a business. Also don't join Stripe because the RSU structure means you have no upside.
I like the product more than Facebook and see the value, I'm just concerned about the growth aspect. I'm not as concerned what a bunch of people who don't work there think, so I would appreciate your perspective on company growth
I don't have an educated opinion outside my product area, to be honest. Stripe takes so many bets, which I like. I think my area is healthy/growing at or above targets.
IMO it's no longer attractive under the new grant policy that limits your upside. I think smaller companies also have more room for growth (Plaid, Brex, Ramp).
Hard to argue with that. They're also very close to IPO with limited upside there
Also their evaluation is 100 billion. PayPal is only a bit more than twice that. Square is basically around that evaluation. At best stripe can 3x with more realistic goals of 2x unless they have a new big game changer product that can steal over market share from others.