Bullish:

• 🟢 $STRIPE - Various speakers discuss the significant investments and strategic moves by Sequoia Capital in Stripe, highlighting the company's valuation, liquidity strategies, and market potential.
  • “Sequoia Capital has invested 517,000,000 in Stripe. That's currently worth about 10,000,000,000. 20x Michael Moritz, led the seed in Series a.” - Jason (0:00)
  • “Sequoia is using capital from their newer funds, like its Evergreen Fund that was formed in 2021, the Heritage Fund, that's their wealth management team, to give the legacy funds some liquidity.” - Jason (0:00)
  • “The fact that they're willing to pay such a premium means A, the product is good, but more importantly B, in the absence of cloud security, these cloud vendors are going to be constrained in how fast they can grow.” - Chamath (0:00)
  • “I think a pretty good solution is what I think Sequoia is doing here and what I've heard other people do which is if you have a security that's not public yet but is semi liquid because it's a very late stage private company, then what you can do is spin those shares into an SPV or to some other vehicle and you let new investors come in and buy those shares at some price and then you give the option to your old investors.” - David (0:00)
  • “This valuation's based on the 4 last 4 0 9 a. So... it's trading at in secondary markets, and that's what the 499 a is.” - Jason (0:00)
  • “I think there is this overarching issue of the fact that VC funds are classically designed to be 10 year funds... So then the question is what do you do at year 12 if you still got positions in those funds? Well, I think a pretty good solution is what I think Sequoia is doing here.” - David (0:00)
  • “It's interesting to see that they mark the valuation up to 70,000,000,000. So that's a good sign for Stripe.” - Chamath (0:00)🔒
• 🟢 $WIZ - 🔒

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