Look at the valuation increases: Almost 2x year to year for quite a while. I don't expect most people seeing that kind of valuation increases looking to liquidate any part of their position unless they really can't help it.
If their fundamentals growth slowed to rates resembling the regular market, then sure, but as is, all a company with that growth rate might need is let tenured employees add, say 5% of their equity to the round so they can get a bit of liquidity to keep them quiet.
No one can predict what the price will be in a year. Diversifying before a possible recession would be prudent, especially since payment processing volume is presumably highly correlated with consumer spending.
>Look at the valuation increases: Almost 2x year to year for quite a while. I don't expect most people seeing that kind of valuation increases looking to liquidate any part of their position unless they really can't help it.
I'd rather take 2x whatever today than 0x nothing when the company folds tomorrow/in a month/in 5 years never having gone public.
That sounds a lot like investing based on the previous performance of the stock, which isn't a great investment strategy. I would never want a significant portion of my net worth in a single asset, regardless of how it has performed in the past.
If their fundamentals growth slowed to rates resembling the regular market, then sure, but as is, all a company with that growth rate might need is let tenured employees add, say 5% of their equity to the round so they can get a bit of liquidity to keep them quiet.