Stripe’s new and lower internal valuation, explained

Stripe has been in the news this past week for lowering its own valuation to around $74 billion from $95 billion, a 28% decline that  made waves in startup-land. Given the company’s size and its status as one of the most richly valued startups in history, the...

WTF is a 409A?

In the past few months, both Stripe and Instacart have seen their internal valuations updated in a 409A appraisal process. The startups saw their valuations being slashed by 28% and 38%, respectively, as a result of the appraisals. What do these re-pricings signal to...

As Coinbase falters, Binance.US is waiting in the wings

As the largest publicly traded crypto exchange in the United States, Coinbase has become something of a household name. But as the going gets tough in the crypto markets, the company seems to be fumbling the bag, leaving it vulnerable to competition. Coinbase’s...

Microsoft reverses its reversal on blocking Office macros by default

A Microsoft Word document with a malicious macro embedded as part of an IRS-themed malware campaign. Image Credits: Microsoft. Microsoft said it is still planning to block Visual Basic Applications (VBA) macros by default in Office apps after quietly rolling back the...

Late-stage tech companies must do right by their employees: Reassess your 409A valuations

Frederik Mijnhardt Contributor Share on Twitter Frederik Mijnhardt is the CEO of Secfi, an equity planning platform for startup executives and employees. More posts by this contributor Inside Secfi’s 2021 state of stock options equity report Last year was a...

If you must conduct layoffs, don’t be a jerk

Since our last column, another smattering of tech startups has laid off employees. We get it. Layoffs happen. But as we conduct yet another week of analysis into a depressing time in tech, we’re thinking about how these difficult conversations could be a bit less...