How Stripe became Silicon Valley's most valuable private company by being capital efficient at scale and having a self-sustaining core payments business
Underpinning $95bn valuation is investors' belief that payments digitisation still has some way to run Tweets: @financialtimes , @tim , @benedictevans , @carnage4life , @patrickc , and @katie_roof Tweets: @financialtimes : 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/... Tim Bradshaw / @tim : 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/... Benedict Evans / @benedictevans : Stripe is a 3% tax on the future of the Internet. https://www.ft.com/... Dare Obasanjo / @carnage4life : 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. https://twitter.com/... Patrick Collison / @patrickc : “Increase the GDP of the internet” is our mission statement but also, importantly, our *strategy*. Zero sum games are bad. We want Stripe to enable new businesses, new customers, new transactions, and new economic activity. https://twitter.com/... @katie_roof : I spoke to Stripe CFO Dhivya Suryadevara and board member Mike Moritz about this new round. They insisted that Stripe doesn't need the money, but that it's expanding its enterprise business https://www.bloomberg.com/...