<instructions>Your goal is to analyze the following comment and estimate how highly it will be upvoted by the Hacker News community.</instructions><comment><author>bcx</author><text>Personally, I don&amp;#x27;t see what the hubbub is about.  A 409a is a standard instrument used to price options, a standard approach to a 409A valuation is the base the value of a company on its comparables, including public comparables.&lt;p&gt;If I were conducting this valuation, I haven&amp;#x27;t done this myself, but I most definitely read our 409A valuations closely.  I&amp;#x27;d imagine that the outside firm hired to conduct the analysis on Fintech would use data like:&lt;p&gt;BLOCK (down 49% in last 6 months)&lt;p&gt;PAYPAL (down 60%  in last 6 months)&lt;p&gt;COINBASE (down 75% in last 6 months)&lt;p&gt;INTUIT (down 30% in last 6 months)&lt;p&gt;VISA (down 5% in last 6 months)&lt;p&gt;SHOPIFY (down 70% in last 6 months)&lt;p&gt;Everyone at these fintechs, has seen the valuation of their company drop significantly (with the exceptions of VISA in the last 6 months.   It&amp;#x27;s possible that stripe&amp;#x27;s performance is closer to VISA than to SHOPIFY, but only dropping 30% is likely pretty generous given the broader market.&lt;p&gt;Anyone with options at any of these public companies is dealing with the same challenges.</text><parent_chain><item><author>thundergolfer</author><text>Remember that Stripe changed its RSU grant structure a year or so ago, so this won’t negatively affect newer employees. Stripe gives out a fixed amount of $$ value of stock each year now. The typical recent senior hire will get around $200k a year in stock. Now that the valuation is lower, they’ll be granted more stock units than before, which is good. Getting granted fewer stock units at a ‘fake’ higher valuation would have been frustrating.&lt;p&gt;1. &lt;a href=&quot;https:&amp;#x2F;&amp;#x2F;blog.pragmaticengineer.com&amp;#x2F;equity-for-software-engineers&amp;#x2F;&quot; rel=&quot;nofollow&quot;&gt;https:&amp;#x2F;&amp;#x2F;blog.pragmaticengineer.com&amp;#x2F;equity-for-software-engin...&lt;/a&gt; (Ctrl-F Stripe)</text></item></parent_chain></comment><story><title>Stripe cuts internal valuation by 28%</title><url>https://www.wsj.com/articles/stripe-cuts-internal-valuation-by-28-11657815625</url></story>
<instructions>Your goal is to analyze the following comment and estimate how highly it will be upvoted by the Hacker News community.</instructions><comment><author>ruraljuror</author><text>This is why many Stripes on blind are not angry. They will get more shares next year.</text><parent_chain><item><author>thundergolfer</author><text>Remember that Stripe changed its RSU grant structure a year or so ago, so this won’t negatively affect newer employees. Stripe gives out a fixed amount of $$ value of stock each year now. The typical recent senior hire will get around $200k a year in stock. Now that the valuation is lower, they’ll be granted more stock units than before, which is good. Getting granted fewer stock units at a ‘fake’ higher valuation would have been frustrating.&lt;p&gt;1. &lt;a href=&quot;https:&amp;#x2F;&amp;#x2F;blog.pragmaticengineer.com&amp;#x2F;equity-for-software-engineers&amp;#x2F;&quot; rel=&quot;nofollow&quot;&gt;https:&amp;#x2F;&amp;#x2F;blog.pragmaticengineer.com&amp;#x2F;equity-for-software-engin...&lt;/a&gt; (Ctrl-F Stripe)</text></item></parent_chain></comment><story><title>Stripe cuts internal valuation by 28%</title><url>https://www.wsj.com/articles/stripe-cuts-internal-valuation-by-28-11657815625</url></story>