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Sources: Stripe is raising $6B at a $50B valuation from Thrive Capital, General Catalyst, a16z, and Founders Fund to help early employees exercise their RSUs

Eric Newcomer / Newcomer : Tweets: @buccocapital , @ericnewcomer , @kateclarktweets , @carnage4life , @mylesudland , @415_aaron , @ppgosavi , and @carnage4life Tweets: BuccoCapital Guy / @buccocapital : Stripe raising $6B at $50B valuation - $3.5B for taxes, rest for employees to sell shares - Not intended for Stripe to, like, run the biz or whatever Respect that they're taking care of their employees. Still bizarro stuff. Shoulda just gone public via @EricNewcomer https://twitter.com/... Eric Newcomer / @ericnewcomer : The money is going toward helping early Stripe employees exercise their restricted stock units before they expire and then toward organizing a tender offer for employees to sell shares. Kate Clark / @kateclarktweets : This round just keeps getting bigger and bigger and bigger https://www.newcomer.co/... Dare Obasanjo / @carnage4life : It's still wacky to me that 13 years in Stripe is unprofitable and raising money explicitly to avoid going public. Good of them to find a way to give employees liquidity since they're refusing to go public but it's really odd they've been avoiding doing so steadfastly. https://twitter.com/... Myles Udland / @mylesudland : Where to begin https://twitter.com/... Aaron / @415_aaron : A little inside baseball on what is likely going on here with early employees. Pre IPO RSUs typically have a “dual trigger” mechanism, whereby a taxable vest occurs after a) time passes (4 year vest) AND b) a liquidity event happens (IPO/acquisition). 1/n https://twitter.com/... Pramod Gosavi / @ppgosavi : Wondering why Sequoia is not investing in this round. If you liked it at $95b, you should like it at $50b also https://twitter.com/... Dare Obasanjo / @carnage4life : @spcomstock It has been widely reported that Stripe is raising money to cover the tax bills of its early employees via RSU withholdings and also to address expiring options. All of these are needed to give employees liquidity without an IPO. https://www.newcomer.co/...

Newcomer Eric Newcomer

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Discussion

  • @buccocapital BuccoCapital Guy on x
    Stripe raising $6B at $50B valuation - $3.5B for taxes, rest for employees to sell shares - Not intended for Stripe to, like, run the biz or whatever Respect that they're taking care of their employees. Still bizarro stuff. Shoulda just gone public via @EricNewcomer https://twitt…
  • @ericnewcomer Eric Newcomer on x
    The money is going toward helping early Stripe employees exercise their restricted stock units before they expire and then toward organizing a tender offer for employees to sell shares.
  • @415_aaron Aaron on x
    A little inside baseball on what is likely going on here with early employees. Pre IPO RSUs typically have a “dual trigger” mechanism, whereby a taxable vest occurs after a) time passes (4 year vest) AND b) a liquidity event happens (IPO/acquisition). 1/n https://twitter.com/...
  • @ppgosavi Pramod Gosavi on x
    Wondering why Sequoia is not investing in this round. If you liked it at $95b, you should like it at $50b also https://twitter.com/...
  • @kateclarktweets Kate Clark on x
    This round just keeps getting bigger and bigger and bigger https://www.newcomer.co/...
  • @carnage4life Dare Obasanjo on x
    It's still wacky to me that 13 years in Stripe is unprofitable and raising money explicitly to avoid going public. Good of them to find a way to give employees liquidity since they're refusing to go public but it's really odd they've been avoiding doing so steadfastly. https://tw…
  • @mylesudland Myles Udland on x
    Where to begin https://twitter.com/...
  • @carnage4life Dare Obasanjo on x
    @spcomstock It has been widely reported that Stripe is raising money to cover the tax bills of its early employees via RSU withholdings and also to address expiring options. All of these are needed to give employees liquidity without an IPO. https://www.newcomer.co/...