How can the CEO take $245M in new funding and yet claim they won’t go public? Why would they claim they’re doing super well and then take that giant hit in dilution? I would be so disappointed if I worked there. Worthless equity. Quote below from their CEO:
“We have no plans to go public," said John Collison in an interview. "We're fortunate to be in the position that the Stripe business is performing very well and the long-term opportunity is that we're very optimistic to providing the richer stack to businesses. Strong businesses do not always tend to be dependent on outside funding."
Yes it’s non ideal in terms of employee liquidity but clearly they’re weighting the above as more important. One could argue in the medium/long term that the focus on growth over liquidity will be net better for employees but obviously hard to know for sure.