This week Stripe announced it’s raising another $250 million in funding at a pre-money valuation of $35 billion.
That meeting must have gone something like:
Exec: $250 million for .7% dilution?
Anyone else in the room:
Exec: Yeah, that works for us.
Sticking it to SoftBank: Stripe said that General Catalyst, Andreessen Horowitz and Sequoia are all investing . TechCrunch also reports that SoftBank had been considering an investment. “It was a big miss when SoftBank didn’t invest two years ago,” one source close to the VC said to TechCrunch. TC confirmed also with John Collison — the president of Stripe who co-founded the company with his brother Patrick (who is the CEO) — that SoftBank is not in this funding round.