alt Hacker NewsI hope they never go public (also as an ex-Stripe!)
I can't really see a net-positive benefit to having public shareholders and reporting requirements. Do we think Stripe's leadership needs feedback from random investment advisors or analysts? Do employees need the distraction of daily-updating stock prices? Would quarterly reporting incentivize better decision making?
In my opinion: ehhhhhhhhhhhh
I see the benefit, but if you're joining Stripe you know the trade-off of RSUs in a company that doesn't provide daily liquidity. They provide it on a regular basis, so you're not locked in forever (a la my 2014 Gusto shares).
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Also ex-Stripe. This suggests an opportunity to build an exchange that addresses these problems. Could one build an exchange with deliberate "turn-based" liquidity to avoid the problem of daily stock price distraction, for example? (This is hard because there will always be secondary markets, but presumably this is already the case.)
Do very many companies provide daily liquidity? Most of my time getting RSUs have had trading windows, once a quarter if you're lucky.
I get the feeling that the founders will not bend and invest for long term and not quarterly, as a non ex-stripe at least judging by their patience to IPO
The latest self funded tenders have been pretty tiny. I wouldn’t term it as “liquidity” as much as a symbolic gesture.
I'm sure they already have more than the 500 non-accredited or 2000 accredited shareholder total that would trigger most of those reporting requirements anyways. So Stripe already has most of the drawbacks of being a public company without the benefits.