It’s no secret that the venture capital industry is facing a liquidity crisis as IPOs and other exits remain few and far between after 2020 and 2021’s record-breaking years. Now, we have numbers that show just how bad it’s gotten. In 2023, the U.S. VC industry invested $60 billion more into startups than it collected […]
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The first thing Promise Bio CEO Ronel Veksler wants you to know about the biotech company he co-founded is that it’s not another AI drug discovery company. Instead, he’s looking to bring precision medicine to autoimmune diseases. Tel Aviv-based Promise Bio has developed a cloud-based AI platform that can spot different Post-Translational Modifications (PTMs) in […]
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Apple on Monday confirmed the general availability of iOS 18.1, iPadOS 18.1, and macOS Sequoia 15.1. The point update is most notable for its inclusion of the first batch of Apple Intelligence features, which the company announced at WWDC back in June. However, only select Apple devices are equipped to run the new generative AI […]
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Ro co-founder and CEO Zachariah Reitano said while he’d “never say never” about potentially taking the seven-year-old telehealth company public, he thinks the benefits of being a private company are growing. Reitano dodged multiple questions from Axios reporter Dan Primack about whether or not the company has plans to IPO in the near term — […]
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Venture capitalists and founders are hoping — praying? — for exits to pick back up in 2024. A recent TechCrunch+ survey found that there is consensus among VCs that exits will start to rebound this year, but the when and the how are still a bit fuzzy.
The consensus, though, is that fintech Stripe will go public this year. The investors surveyed clearly aren’t the only ones who are excited about a potential Stripe exit in 2024, either. According to secondary data tracker Caplight, there has been an absolute flurry of buyers looking to get shares in the company in recent months.
While bids tell us one thing, deals tell us another, and a closed transaction this week tells us a lot about what could happen to Stripe in 2024. On Tuesday, literally the day after New Year’s Day, a secondary sale closed that valued Stripe shares at $21.06 apiece; that values the startup at $53.65 billion, according to Caplight data.
Stripe declined to comment.
There are a few reasons why this deal is worth paying attention to. For one, Stripe’s $53 billion value marks an increase from the company’s most recent primary round last March, when Stripe was valued at $50 billion.
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