, Columnist
A $100 Billion Valuation Poses Risk For Fintech Star
There’s a lot to be said for Stripe making hay while the sun shines. But the Silicon Valley firm should beware of sunburn.
Stripe’s co-founders Patrick and John Collison.
Source: Bloomberg
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If you’re in the business of selling picks and shovels for the gold rush, then there’s a logic to raising money when the scramble is at its most frenzied.
Stripe Inc. co-founders Patrick and John Collison certainly get the idea. The Irish brothers are raising funds for their online payments company at a valuation of between $70 billion and $100 billion, Bloomberg News reported on Tuesday. In April, the San Francisco-based firm was valued at just $36 billion. But soaring private valuations do come with a risk.