From today’s Economist Espresso:
The valuation of Stripe reached $95bn in its latest funding round, the highest of any privately held startup in America, and more than either Facebook or Uber before they went public. The online payments processor raised $600m of new equity from investors including Allianz, AXA, Baillie Gifford, Fidelity and Sequoia Capital.
I think Stripe is a great company and one I would love to invest in. Rather than getting into the public markets, the upside potential here will be locked in even longer to only those limited VC’s and those with access. 🤨