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Stripe raises $600M at nearly $36B valuation

(www.axios.com)
721 points hhs | 1 comments | 16 Apr 20 14:35 UTC | HN request time: 0.204s | source
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kashura ◴[16 Apr 20 15:29 UTC] No.22890397[source]▶
If they are so successful, why do they need to continuously raise money?
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SpicyLemonZest ◴[16 Apr 20 15:31 UTC] No.22890425[source]▶
Because they're aiming to be even more successful. $36B is still a tenth of Visa, and I think Stripe believes they can eventually become an equally important part of the financial ecosystem.
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kashura ◴[16 Apr 20 18:04 UTC] No.22891918[source]▶
The purpose of a business should be to make money, not to ask for money. This VC culture is causing these companies to be overvalued.
replies(1): >>22892146 #
1. s_dev ◴[16 Apr 20 18:33 UTC] No.22892146[source]▶
>The purpose of a business should be to make money, not to ask for money.

But to make money you have to spend money.