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They took on a lot of VC and there is no way that an IPO would have valued Braintree at the level that PayPal did. With the amount of investment they took on, t
by programminggeek 13y ago
They took on a lot of VC and there is no way that an IPO would have valued Braintree at the level that PayPal did. With the amount of investment they took on, they needed an acquisition of at least 500-750 million to get the 10x return their investors expected.
In short, when you take on enough investment, your options are IPO or acquisition, whatever makes your big investors the happiest.
- ExpiredLink 13y ago> They took on a lot of VC and there is no way that an IPO would have valued Braintree at the level that PayPal did. So actually the VCs aimed the company to be bought by PayPal ... and succeeded. Seems that most people misunderstood Braintree's business model.