.jpg){kind=avatar}
.jpg){kind=avatar}
Stripe plans to raise roughly $2.5b at a valuation of $55b to $60b. The investment, led by existing investor Thrive Capital, would be used not to fund operations but to pay tax liabilities associated with employee stock grants and, just as importantly, let employees sell their shares — which has grown in importance as the market for new listings remains largely inhospitable.
Will others follow Stripe’s example? Not every company is willing to swallow a so-called down-round investment, in which its valuation falls. (Some start-ups are resorting to complicated ways to raise funds while maintaining their lofty valuations, which investors told DealBook could cause headaches later on.)
https://www.nytimes.com/2023/01/31/business/dealbook/stripe-fundraising-thrive-valuation.html
unknownx500
