Financial infrastructure platform providing payment processing and business tools for online commerce.stripe.com ↗
5 takes · first discussed Jul 19, 2024 · last May 9, 2025
Private company — no public price to score. We track what they said; valuation-mark tracking is on the roadmap.
Chamath includes Stripe in his forward 'new Mag 7' basket, arguing that the optimal portfolio of future winners straddles public and private markets and Stripe is a must-own regardless of its private status.
Patrick Collison argues Stripe is better off remaining private because stable private markets now provide sufficient capital and liquidity, the company is profitable on a GAAP basis, and public market discipline is unnecessary for a well-run company — framing staying private as a long-term compounding advantage rather than a limitation.
All hosts and guests represented hold a bullish view on Stripe, though they diverge sharply on the IPO question. Chamath is consistently the most enthusiastic, calling Stripe a must-own "new Mag 7" company, highlighting the underappreciated value of its ancillary product suite (e.g., a $500M ARR billing business), and pointing to stablecoin rails as a major upside; he also noted Sequoia's $70B mark-up as a positive signal, while flagging governance concerns around the secondary transaction structure. The IPO debate splits the guests: Keith Rabois (medium conviction) argues Stripe should go public as soon as possible to gain public currency for M&A and strategic optionality, while Patrick Collison (high conviction) pushes back, contending that stable private markets now provide sufficient capital and liquidity, the company is already GAAP profitable, and remaining private is a long-term compounding advantage rather than a constraint.
Chamath includes Stripe in his forward 'new Mag 7' basket, arguing that the optimal portfolio of future winners straddles public and private markets and Stripe is a must-own regardless of its private status.
Stripe would be in the basket. To be long some rando public company because it's public and ignore SpaceX and Stripe would just be stupid.”1:29:55
Patrick Collison argues Stripe is better off remaining private because stable private markets now provide sufficient capital and liquidity, the company is profitable on a GAAP basis, and public market discipline is unnecessary for a well-run company — framing staying private as a long-term compounding advantage rather than a limitation.
is Stripe better off at the moment as a private or a public company? Up to this point, we have determined private... If you need a 25-year-old Fidelity analyst asking you to double-click on your CapEx... to run the company with discipline,”1:36:49