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Stripe just scored a $35 billion valuation, up $15 billion in just 1 year. But its president says it’s still a ‘toddler,’ so don’t call it a ‘late-stage startup’
  • Stripe has raised another $250 million in a new round of funding that includes Silicon Valley heavy hitters like Andreessen Horowitz, General Catalyst, and Sequoia.
  • The round values Stripe at $35 billion — up from its $20 billion valuation about a year ago — making it more valuable on paper than companies like SpaceX or Airbnb. 
  • All told, Stripe has now raised over $1 billion in venture capital funding, from investors that also include Visa, Kleiner Perkins, and CapitalG (formerly Google Capital).
  • Still, Stripe President John Collison tells Business Insider that he takes "deep umbrage" at the idea that it's a "late-stage startup" — he says that there's so much opportunity for Stripe, they'll still be building it up a decade from now. 
  • He says that the lofty valuation is based on the strength of Stripe's business, which now processes "hundreds of billions of dollars" in payments each year. As long as they can keep executing on their mission of helping internet businesses and startups grow, he says, the sky's the limit. 
  • However, Collison says not to expect an IPO any time soon. 
  • Click here for more BI Prime stories.
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Full "The Business Insider: The Money Game" article




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