Stripe cuts internal valuation by 28%

Re:Stripe cuts internal valuation by 28% by q7xvh97o2pDhNrh on Friday July 15, 2022 @01:56AM (#32105034)

Strong agree. It feels like a different lifetime to think back to 2018 and 2019; back then, everyone in town was hyper-fixated on a whole raft of companies that kept teasing their IPOs.

I did some very quick and lazy Googling [1][2], and even I was surprised by just how long the full list of familiar names is, looking at 2018 and 2019 IPOs. Just to drop a few incredibly-familiar ones:

  - Uber
  - Lyft
  - Pinterest
  - Zoom
  - PagerDuty
  - Beyond Meat
  - Dropbox
  - Spotify

I personally know a bunch of people that spent months (or years) of their lives in suspense waiting for one of these. (I'm one of them, for what it's worth.) It's wild to think how different so many lives would have been if even one of these companies had decided to postpone their IPO for a year or two.

[1]: https://coventryleague.com/blogentary/30-largest-ipos-of-201...

[2]: https://www.usatoday.com/story/money/business/2018/12/07/top...

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Re:Stripe cuts internal valuation by 28% by equityloan on Friday July 15, 2022 @09:12AM (#32107804)

> I personally know a bunch of people that spent months (or years) of their lives in suspense waiting for one of these.

8 years for me. I was an early employee at a YC startup that is now pretty close to having an IPO. At least, I used to think that. Now I'm not sure how much longer I'll need to wait.

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