Key insights
- The post discusses the potential of Stripe as a secondary investment, weighing its dominant position in payment infrastructure against its high valuation and private status. The author draws parallels with Adyen's post-IPO growth, but acknowledges the limited upside due to Stripe's already substantial valuation. This reflects general sentiment regarding late-stage private tech investments.
Considering buying Stripe secondary shares, thoughts?
I’ve been researching Stripe quite heavily recently and trying to think rationally about the opportunity vs the risks.
What attracts me: dominant payments infrastructure huge internet integration founder-led and long-term focused feels more like infrastructure than hype tech
What concerns me: already ~$150bn+ valuation still private with no urgency to IPO unclear what upside realistically remains from current valuation
£56.25/share
I know this isn’t “early Facebook at $1/share” territory anymore, but I keep wondering whether this could still become another long-term compounder similar to Adyen or Meta post-IPO.
Adyen is one of the comparisons that keeps making me think. Even after IPO at around €240/share, it eventually traded above €2,500 at peak. Obviously Stripe is already valued much higher privately than Adyen was at IPO, so maybe the upside is more limited now — but the infrastructure/payment dominance comparison still feels interesting.