News for hackers. Stuff that matters.
Re:Stripe 2021 Business Update [pdf] by blobbers on Friday April 08, 2022 @01:20PM (#30959914)
Shopify (SHOP) invested 350M in Stripe. Is that presently the only way to gain exposure to the company pre-IPO?
Re:Stripe 2021 Business Update [pdf] by pianoben on Friday April 08, 2022 @02:28PM (#30960777)
Besides working there? Yes.

If you're a qualified investor you could theoretically buy on the secondary markets, but not in practice. I've read that Stripe (like many startups) has reserved right of first refusal as part of their option grants - that is, they can veto sales of their shares. It's probably going to be very difficult or impossible to buy them.

Re:Stripe 2021 Business Update [pdf] by ensignavenger on Friday April 08, 2022 @03:51PM (#30961711)
Having right of first refusal doesn't mean they can veto a sale- it means they can buy the shares at the offered price instead. Either way the seller gets to sell their shares.

It makes it difficult to attract buyers though- why go through all the due diligence when Stripe could just exercise their right to buy the shares instead of you at the same price you would have paid?

Still, different from being able to veto the sale and block it entirely.

Re:Stripe 2021 Business Update [pdf] by pianoben on Friday April 08, 2022 @06:15PM (#30963172)
From the buyer's perspective, it's as good as a veto.
Re:Stripe 2021 Business Update [pdf] by taurath on Friday April 08, 2022 @03:00PM (#30961151)
It’s a brilliant(ly jerkish) strategy to make them a darling of the market by being the thing that most can’t buy and an exclusive club for the ones that can.

WLB there is atrocious I’ve heard as well. The founders will be extremely rich and they’ll probably start their own space programs. Making already rich people happy is the way to wealth in this country. Hope they are kind enough to throw some table scraps to those who live down below the Ring.

Re:Stripe 2021 Business Update [pdf] by tptacek on Friday April 08, 2022 @03:29PM (#30961477)
Part of the definition of a private company is control over who your stakeholders are. That's what the "public" in "public company" refers to.
Re:Stripe 2021 Business Update [pdf] by plywoodtrees on Friday April 08, 2022 @08:25PM (#30964078)
I'm at Stripe and my WLB is fine fwiw. It's busy, but my managers and team do not encourage overwork.

It's 5pm Friday here and I'm about to shut down my work laptop until 8am Monday.

Re:Stripe 2021 Business Update [pdf] by paraph1n on Saturday April 09, 2022 @01:50AM (#30965547)
I feel like that's not great WLB by today's standards. 8-5 is 9 hours a day (instead of 8), and on a Friday no less, when many folks at other companies easily clock out by 3 to begin their weekend early.
Re:Stripe 2021 Business Update [pdf] by fnbr on Friday April 08, 2022 @02:25PM (#30960740)
Well, you could always go work there. You also might be able to buy equity on the secondary markets.
Re:Stripe 2021 Business Update [pdf] by sl3232323 on Friday April 08, 2022 @09:33PM (#30964482)
Shopify (SHOP) will be dead in 10 years. Maybe 8. Stripe might surive the decade, but doubtfull. Credit cards are on their way out. (I don't use them anymore. Fuck em.)
Re:Stripe 2021 Business Update [pdf] by axelthegerman on Saturday April 09, 2022 @12:52PM (#30969632)
Lol also interested in hearing anything of substance behind this claim.

Credit cards and e-commerce are not the same thing. (Besides that while I'm not a fan of credit cards I wouldn't say they're dead - yet)

Re:Stripe 2021 Business Update [pdf] by tananaev on Friday April 08, 2022 @09:47PM (#30964559)
What is the alternative to credit cards? Cash? Crypto?
Re:Stripe 2021 Business Update [pdf] by hactually on Friday April 08, 2022 @11:31PM (#30965062)
Yeah, weird thing to say.

Cards are dead. So's Shopify. Ask me about my ethereum business?

Re:Stripe 2021 Business Update [pdf] by petarb on Saturday April 09, 2022 @12:00AM (#30965187)
Why do you think that? Just curious
Re:Stripe 2021 Business Update [pdf] by rvz on Friday April 08, 2022 @11:09PM (#30964972)
Not going to happen.