Hacker News new | ask | show | jobs
by tamade 1190 days ago
That last sentence is corporate PR spin. They very much need this capital to run the business, ie, they didn't have enough money to pay taxes.
3 comments

They aren’t raising the money to pay corporate taxes.

They are doing this so their employees can pay taxes on otherwise illiquid shares (i.e. taxes the employees can’t afford).

Isn't managing employee satisfaction part of running a business?
Everything that Stripe does is part of running their business, that’s just a tautology.
They could have just let employee options expire and then they wouldn't have had the tax bill. Though, I imagine recruitment would become a bit harder then.
They didn’t have enough to pay their employee’s taxes on unrealized gains.