The Collision brothers and the Hindawis (Tanium founders) have both been very vocal about this point.
Today I'm seeing ton of comments about how company has to go public, because otherwise employees (who have excellent compensation apart from stock) will have to wait a few months to liquidate their assets.
Seems like certain altitude doesn't come with MBA title, like some want to believe :-)
Executives/Founders get loans against their illiquid but enormous equity, everyone else can go to hell as far as the decision makers are concerned.
- Visa has a market cap of $463B
- Mastercard $362B
- PayPal $90B
- Block $48B
Could it theoretically all be automated?
All of this to say that Bitcoin is obviously the way forward for global transactions, despite the fact it processes transactions as slow as molasses and the only way to make it faster (Lightning Network) is to sacrifice the checks and balances that maxis praise as the hallmark of Bitcoin lol
That's wildly off market, like 30%+. That's high, even for a retail platform.
Seems like they now don't want to wait anymore and just unload their shares into the market and especially onto retail investors.
There are big downsides to being public, including all the regulatory requirements and pandering to institutional investors.
Now the bull market is over and private money is tighter, they don't really have a choice but to raise money publicly.
Coinbase on the other hand is very employee friendly in terms of liquidation. Their employees are rich as fuck with direct listing (no lockup) at the height of the market.
Just think about it.
Coinbase, who is ridiculed for being apolitical, treats employees better than Stripe.
Stripe is equally relevant.
It may not achieve the same private market valuation of $95B for some time. But we love the company, and will continue to use it as a partner, customer, and cheer leader.
