Sequoia Capital to Earn $100M From Stripe’s $1.1B Acquisition of Bridge

  • 📰 Crypto_Potato
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 51%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

Crypto Blog

Venture capital firm Sequoia Capital stands to make approximately $100 million following Stripe’s $1.1 billion purchase of Bridge.

Other firms that invested in Bridge also stand to make significant returns. Ribbit Capital, which holds close to 10% of Bridge, expects a return similar to Sequoia’s. Bedrock Fund Management and Index Ventures hold about 6% each, and Haun Ventures maintains a 4% stake in the company.its finalized $1.1 billion bid for Bridge on October 20. The platform, co-founded by Sean Yu and Zach Abrams, offers software tools for businesses to process payments in stablecoins.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 568. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

How Will External Market Changes and Internal Restructuring Affect Sequoia Capital?Sequoia Capital, a renowned venture capital firm with a history of investing in successful companies, is facing new challenges. The article explores how external market changes and internal restructuring might impact the firm's future dominance.
La source: HarvardBiz - 🏆 310. / 63 Lire la suite »

How Will Market Shifts and Restructuring Affect Sequoia Capital?Sequoia Capital, a legendary venture capital firm with a stellar investment track record, faces new challenges in a changing market. This HBR podcast episode explores how external market changes and internal restructuring within Sequoia might impact its future dominance.
La source: HarvardBiz - 🏆 310. / 63 Lire la suite »

How Will Market Changes and Restructuring Affect Sequoia Capital?Sequoia Capital, a storied venture capital firm with an impressive track record, faces new challenges in a changing market. The firm has begun restructuring and adapting to these changes. This podcast episode explores the future of Sequoia Capital and its ability to maintain its historical dominance.
La source: HarvardBiz - 🏆 310. / 63 Lire la suite »