A profile of Stripe's John and Patrick Collison; sources say the startup's gross revenue rose 60% YoY to nearly $12B in 2021 as net revenue reached almost $2.5B
Billionaire brothers John and Patrick Collison built Stripe into one of the world's most-hyped, highest valued — and profitable! — startups, worth some $95 billion. Tweets: @alexrkonrad , @narasimhakan , @n_sportelli , @bayareawriter , @markjansen10 , @realbobbyhealy , @theholykau , @trace_cohen , @thekenyeung , @alexrkonrad , @alexrkonrad , @alexrkonrad , and @alexrkonrad Tweets: Alex Konrad / @alexrkonrad : Valued at $95B, Stripe is a true unicorn even by Silicon Valley standards. So are its numbers. Sources tell @Forbes it reached nearly $12B in gross revenue and $2.5B in net revenue for 2021, still growing about 60%, and with hundreds of millions in Ebitda profit. tip @Techmeme https://twitter.com/... @narasimhakan : Why do the images look like AI reconstructed Roman Emperor busts https://twitter.com/... Natalie Sportelli / @n_sportelli : Stripe is one of the world's most valuable startups, and it's at an inflection point. For the latest cover of Forbes @alexrkonrad flew to Dublin to check in with the Collisons. Inside: Stripe's financials, IPO timeline, hiring plans + a lot more. https://www.forbes.com/... Mary Ann Azevedo / @bayareawriter : Incredible reporting by @alexrkonrad https://www.forbes.com/... Mark Jansen / @markjansen10 : “If you want to build stuff that everyone's heard about at Thanksgiving dinner, Stripe will never be that for you. But if you're the kind of person who just finds building infrastructure for those people rewarding, then corporate-scale Stripe is actually fun and meaningful.” https://twitter.com/... @realbobbyhealy : Nice to be included in the Forbes deep dive on Stripe and @collision's visit to the @MannaAero operation in Ireland. The onion also got a mention I'm glad to see. https://www.forbes.com/... Kaushik Subramanian / @theholykau : Excellent read about @stripe - when you think about the long game, the short term valuation numbers rarely matter. Fun fact: Stripe's series C was at $1.75B 8 years ago :) https://twitter.com/... Trace Cohen / @trace_cohen : The crazy thing is that they raised their Series C at $1.75B val in 2014! Every tier 1 investor is literally sitting on billions of dollars / multiple fund returners waiting for them to IPO. YC prob sitting on $1B too. This is a hurricane of liquidity https://techcrunch.com/... https://twitter.com/... Ken Yeung / @thekenyeung : Great insight into Stripe and the Collison brothers. https://www.forbes.com/... Alex Konrad / @alexrkonrad : Exclusive: Patrick and John Collison built Stripe into one of the world's biggest startups. But they're facing new challenges as they look to “grow the GDP of the internet.” I flew to Dublin to learn more first-hand for my newest @Forbes cover story. https://www.forbes.com/... https://twitter.com/... Alex Konrad / @alexrkonrad : Stripe has 7,000 employees today. I spent a lot of time talking to founders @collision and @patrickc and other key Stripes to understand how it builds products. John Collison told me that even 12 years in, @stripe has to “sing for their supper” each day. https://www.forbes.com/... https://twitter.com/... Alex Konrad / @alexrkonrad : Of course, with a $95B-valued business that keeps stretching its products across the fintech stack, not everyone likes Stripe today. Some say Stripe doesn't operate as openly and virtuously as Stripe's leadership and VC allies would have you think. Most won't say it publicly. https://twitter.com/... Alex Konrad / @alexrkonrad : My goal was to answer a few basic Qs: Where does Stripe stand today? What is its real reputation? How do the Collisons operate? I spoke to about 50 people: current and former employees, customers, investors and competitors. I heard so many stories 👀 https://www.forbes.com/... https://twitter.com/...