Stripe acquiring Privy notches one more M&A onto the mantle. 

It’s worth noting that the acquisition price was not disclosed. As a big fan and user, this is a sign the valuation was too low for Stripe to bother mentioning (sub-$100M). Stripe didn’t even QT. 

In short, Privy sold too early and are at risk of getting lost in shuffle.

https://x.com/privy_io/status/1932816495719166167?s=46&t=x0KbCdY-ilXZ1Htgo5Cang

I remember when Stripe bought a company in my country for $200m, this was the same sentiment.

It's never early to sell your company to Stripe. You have "unlimited" money to keep building.

Experienced product manager — $1b in traded volume at businesses backed by YC, a16zcrypto, Volt Capital | Looking for my next role.

Unlimited runway is definitely a feature for founders. Privy was very well positioned and becoming rather dominant. Feels like clipped wings to me especially when unlimited runway actually becomes “not a core priority”.

onchain m&a ~ @fireflyapp + mask network ~ @rara (exit 2023)

Stripe’s recent bridge and other stablecoin acquisitions means it’s highly unlikely to be shutdown anytime soon. Big picture - stablecoins are in a clear breakout this cycle with usage. But the business is not same, same to Stripe’s core business. The acquisition is nice for Stripe bc it gives them API customers and top of funnel transaction flow.

I don't think Stripe is like Meta that acquire to shut down startups.  The company I referenced is still entering new countries 5 years later.