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Latest / The Startup Exit Podcast with Fexingo: IPOs, Acquisitions, and Founder Liquidity Events

The IPO That Wasn't How Stripe Became a Liquidity Machine

Stripe has become the defining counterexample to the traditional IPO narrative. While founders and VCs obsess over public listings, Stripe has quietly built a secondary market that has allowed employees and early investors to cash out billions without ever ringing a bell. In this episode, Lucas and Luna dig into the mechanics of Stripe's tender offers, the tender offer pricing that has climbed to a $65 billion valuation, and what this means for startup founders weighing their own exit strategies. They reference the recent 9.1% jump in ARKG as a signal of biotech liquidity pressure, and…

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