Collison Brothers Explain Why Stripe is Better Off Staying Private

is trip better off at the moment as a private or a public company up to this point we have determined private that could change at some point people generally make the argument that public companies run in a more disciplined fashion I think that's hogwash like if you need a 25-year-old Fidelity analyst asking you to double click on your capex blah blah blah blah to run the company with discipline something is horribly wrong at the company and you need new management there's always a tendency to be kind of procyclical and I think you need to be kind of particularly careful as a public financial services company to avoid some of those Temptations and some of those Tendencies we're kind of a

company at the intersection of financial services and Technology being private for a long time is is the norm what matters is less kind of the returns in a given year and more duration and so the question is you know what enables the best compounding on sort of a 10year Time Horizon and you know what's best for shareholders uh as you really take kind of the the longer term perspective and then just what's best for customers at this juncture with the business growing at this rate we want to spend the marginal hour with some customer this is our life's work you know we're not going anywhere we'll be very happily running stripe in 10 years time and 20

years time