How Stripe became Silicon Valley's most valuable private company by being capital efficient at scale and having a self-sustaining core payments business
Nice work, when you can get it: “Stripe recorded about $2bn in gross revenues in the third quarter of last year. Those revenues translated to more than $120m in EBITDA.” Benedict Evans: “They are a 3 percent tax on the future of the internet.” https://www.ft.com/...
Silicon Valley's prominent start-ups are normally consumer internet ventures such as Facebook and Uber. Yet it is Stripe that sits atop the list of most prized private companies https://www.ft.com/... https://twitter.com/...
Why is @Stripe worth $95bn? “We are the strange and weird woodland creatures who are payments fanatics”, explains @collision. But is a global, infrastructure-led, long-term mindset enough to keep PayPal, Adyen & Checkout at bay? https://www.ft.com/...
This year will be the inflection point for Stripe. Like Amazon & Google before them, it is destined to become a key part of the unofficial internet infrastructure. As it grows the narrative will change from being an empowering product to being a gate keeper. An inevitable cycle. …