Chamath views Sequoia marking Stripe's valuation up to $70 billion as a positive sign for the company, though he has governance concerns about the cross-fund secondary structure Sequoia used.
it's interesting to see that they mark the valuation up to $70 billion. So that's, I think, a good sign for Stripe.” ⚑
Chamath argues that cloud security is a massive and critical market, and Google's willingness to pay a 46x revenue premium for Wiz reflects both strong product quality and the existential need for cloud vendors to secure their platforms in order to continue growing.
the fact that they're willing to pay such a premium means, A, the product is good, but more importantly, B, in the absence of cloud security, these cloud vendors are going to be constrained in how fast they can grow. So what an incredible” ⚑