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.
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.
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.
It’s been a rough few years for startups looking to exit, but companies, especially late-stage startups, can’t stay private forever.
When the exit market didn’t open back up in 2023, as many hoped after a very quiet 2022, investors and founders alike decided that 2024 was the year that the exit market would defrost.
The vast majority of investors responded that they think exit volume will be higher in 2024 than in 2023 and 2022, but there wasn’t consensus on what those exits would look like.
Some investors are more optimistic about M&A in 2024, while others think we will see a rebound in the IPO market.
While most respondents answered this survey before the Adobe-Figma deal dissolved, many VCs acknowledged that startups looking to pursue that route this year will have to be conscious of the current regulatory environment anyway.
Since 2021, it appears the venture gambit has not been working out. Hundreds of startups hoped to be worth billions on paper and exit in good order, but that year…
What makes the problem particularly acute in Europe is that large European industrial or corporate giants have been reluctant to acquire or acqu-hire startups, for fear of getting bogged down…
