When Visa offered $5.3B for Plaid, it was a big deal b/c it made it clear that fintech companies could be worth billions.
However, now it seems like a steal compared to valuations in the public markets. Square @ $100B, PayPal at $250B, etc.
Plaid investors likely do better now.
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@adamnash
Makes you wonder if the plaid team or their coterie quietly cooperated with the DOJ to help scuttle the deal.
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@adamnash
I also to be honest don’t care about the investors. The founders have a chance to avoid the “sold too early club”.
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@hunterwalk
... I should have followed that tweet with an open offer to buy
@Plaid
shares from anyone at $5.3B valuation. 🤦♂️
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@adamnash
huh? Square and Paypal already had massive market caps when Visa made the bid for Plaid.
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@adamnash
Was thinking the same. FinTech in a different stratosphere now than it was a year ago.
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