Stripe rips, Plaid falls, and Wiz gets PAID... State of the Private Markets (March)

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Stripe rips, Plaid falls, and Wiz gets PAID... State of the Private Markets (March)

CJ Gustafson

Mar 29, 2025

Transcript

On this episode of Run the Numbers we’ll cover the state of the private tech markets.

Did Google overpay for Wiz?
Stripe’s valuation is (nearly) back up to their COVID high water mark
Plaid shares fall in secondary market
Figma is growing into it’s valuation
The Rippling and Deel (hilarious) controversy

You can get this in written form at mostlymetrics.com

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Run the Numbers

Run the Numbers is a twice-weekly podcast about financial metrics and business models, designed for ambitious people operating tech startups. It's a collection of things host CJ Gustafson (CFO at Partstech and writer of Mostly Metrics) has learned and thought about in the trenches as a tech CFO.

This show is meant to serve as a playbook of sorts for the stuff CJ wishes he knew earlier in his career, both from experience and from copying people smarter than himself.

Topics frequently touch upon Startup SaaS Metrics, Annual Budgeting, Financial Forecasting, Headcount, Equity, Dilution, and Fundraising – and how all of these drive business performance and growth.

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