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It's hard to tell given the private stock and all, but the article mentions that there's reason to believe the company hasn't taken quite as much of a haircut a
by clra 4y ago
It's hard to tell given the private stock and all, but the article mentions that there's reason to believe the company hasn't taken quite as much of a haircut as comparable ones that are already on the public markets:
> In March, Fidelity, required to publicly update the value of its holdings, marked down Stripe by 20%. Most unicorns—startups valued at $1 billion or more—are trading on the secondary markets at 20% to 40% discounts to their last official venture capital rounds. But Stripe’s shares remain hard for new investors to obtain and in high demand, with recent transactions implying a valuation of as much as $165 billion, per New York–based EquityZen, a marketplace for pre-IPO shares.
- __derek__ 4y agoDoes buying private stock on EquityZen include any due diligence? I'm skeptical that it's helping with price discovery, but I don't really understand the platform. The topic reminded me of a good episode of Invest Like the Best with Carta CEO Henry Ward[1], which included a discussion of their CartaX platform for offering insiders a chance to sell private stock to institutions. [1]: https://podcasts.apple.com/ma/podcast/henry-ward-transforming-private-markets/id1154105909?i=1000558237878 https://podcasts.apple.com/ma/podcast/henry-ward-transformin...