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paulg's profile
Paul Graham
Paul Graham
Paul Graham
Verified account
@paulg

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Paul GrahamVerified account

@paulg

paulgraham.com
Joined August 2010

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    1. Austen Allred‏ @Austen 28 Sep 2020

      Austen Allred Retweeted Francis Plaza

      It’s pretty wild how no one is even batting an eye at Stripe becoming a major early-stage investorhttps://twitter.com/fplaza/status/1310409964452638721 …

      Austen Allred added,

      Francis PlazaVerified account @fplaza
      🎉 We're excited to share another milestone! We're happy to announce we've raised a $12M Series A led by @stripe, with follow on participation from @ycombinator and GFC. Also thrilled to welcome a new investor, @Bedrock https://techcrunch.com/2020/09/27/philippines-payment-processing-startup-paymongo-lands-12-million-series-a-led-by-stripe/ …
      Show this thread
      20 replies 24 retweets 437 likes
      Show this thread
    2. Paul Graham‏Verified account @paulg 28 Sep 2020
      Replying to @Austen

      It's not that unusual. Google has had a significant venture arm for a long time.

      4 replies 2 retweets 72 likes
    3. Dan Primack‏Verified account @danprimack 28 Sep 2020
      Replying to @paulg @Austen

      True, but not as a privately-held, VC-backed business. GV started well after IPO.

      4 replies 1 retweet 31 likes
      Paul Graham‏Verified account @paulg 28 Sep 2020
      Replying to @danprimack @Austen

      Stripe is signalling they're already in the same category. The IPO is just a box to check.

      7:15 AM - 28 Sep 2020
      • 40 Likes
      • Atray Agrawal Michael Kaufman Fritz Johnson johnyoung michael amar Vu Pham Emmanuel sarfo
      3 replies 0 retweets 40 likes
        1. Ilias Chelidonis‏ @iliaschelidonis 28 Sep 2020
          Replying to @paulg @danprimack @Austen

          Lets hope not another great company that will be losing hudrends of millions for the next 30 years...

          0 replies 0 retweets 0 likes
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        1. New conversation
        2. clay‏ @codeclayman 28 Sep 2020
          Replying to @paulg @danprimack @Austen

          Does this make stripe's backers a fund of funds then? 🤔

          1 reply 0 retweets 0 likes
        3. clay‏ @codeclayman 28 Sep 2020
          Replying to @codeclayman @paulg and

          You would think the VC investors @danprimack mentioned wouldn't want the compounding risk associated with a VC backed company doing VC deals. Then again, Stripe doesn't seem to be going anywhere anytime soon

          0 replies 0 retweets 0 likes
        4. End of conversation
        1. Sean Sullivan‏ @seanfsullivan 28 Sep 2020
          Replying to @paulg @danprimack @Austen

          At least Stripe is already profitable (im assuming). Ginkgo Bioworks (a synbio company that i’m pretty sure is not yet profitable) has raised so much money they’re using some to invest in various spinout companies

          0 replies 0 retweets 3 likes
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