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Jack Zhang on why he said no to Stripe’s $1.2 billion offer to buy Airwallex
“In October 2018, Stripe reached out to buy us,” Airwallex co-founder Jack Zhang (@awxjack) begins.
Patrick Collison flew out to Shanghai to meet Jack and his co-founder, and they spent the day together. After the meeting, Patrick sent over a Google Doc that was 10-20 pages long and asked Jack to make comments.
“I was like, ‘Wow, the vision of the companies over the next decade is very much the same.’ We both wanted to build the AWS of financial services, and obviously Stripe was much further ahead of us. But this was before COVID. Stripe was like a $9 billion company — very similar to the scale of Airwallex today. I also really liked Patrick. It was like this guy is so smart.”
Asked what makes Patrick Collison so smart, Jack replies:
“He’s intellectually honest about everything, and he’s able to go deep in multiple dimensions.”
Eventually Stripe offered $1.2 billion for Airwallex, and according to Jack, he and his co-founders would’ve walked away with $350 million.
“I met with the whole team, and I was really impressed,” Jack recalls. “I basically said I think we’re going to do it.”
But when he flew back to Melbourne, Jack decided against it. And it was actually Patrick Collison who inspired him to reject the offer. Jack explains:
“So one of the things that really inspired me from talking and spending time with Patrick was I asked, ‘What’s the long-term thing for Stripe and yourself? Are you going to be here forever?’ And Patrick said to me that he’s going to build Stripe for the next 20-40 years. And I just never heard a founder tell me they will dedicate their entire life to building a business. And so that was inspiring to me, and I’m like that’s what I want to do.”
Today, Airwallex (@airwallex) is an $8B company, with more than $1B in ARR.
Video source: @twentyminutevc @HarryStebbings (2025)
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Jack Zhang on why he said no to Stripe’s $1.2 billion offer to buy Airwallex
“In October 2018, Stripe reached out to buy us,” Airwallex co-founder Jack Zhang (@awxjack) begins.
Patrick Collison flew out to Shanghai to meet Jack and his co-founder, and they spent the day together. After the meeting, Patrick sent over a Google Doc that was 10-20 pages long and asked Jack to make comments.
“I was like, ‘Wow, the vision of the companies over the next decade is very much the same.’ We both wanted to build the AWS of financial services, and obviously Stripe was much further ahead of us. But this was before COVID. Stripe was like a $9 billion company — very similar to the scale of Airwallex today. I also really liked Patrick. It was like this guy is so smart.”
Asked what makes Patrick Collison so smart, Jack replies:
“He’s intellectually honest about everything, and he’s able to go deep in multiple dimensions.”
Eventually Stripe offered $1.2 billion for Airwallex, and according to Jack, he and his co-founders would’ve walked away with $350 million.
“I met with the whole team, and I was really impressed,” Jack recalls. “I basically said I think we’re going to do it.”
But when he flew back to Melbourne, Jack decided against it. And it was actually Patrick Collison who inspired him to reject the offer. Jack explains:
“So one of the things that really inspired me from talking and spending time with Patrick was I asked, ‘What’s the long-term thing for Stripe and yourself? Are you going to be here forever?’ And Patrick said to me that he’s going to build Stripe for the next 20-40 years. And I just never heard a founder tell me they will dedicate their entire life to building a business. And so that was inspiring to me, and I’m like that’s what I want to do.”
Today, Airwallex (@airwallex) is an $8B company, with more than $1B in ARR.
Video source: @twentyminutevc @HarryStebbings (2025)
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Moon Dev
people keep asking about my apu nft thesis. here it is:
crypto has a vibe problem. cold. toxic. pvp. nobody wants to see anyone else win.
apu is the opposite. frens culture. we want to see each other succeed. 777 vibes.
i'm building a funded stream team and giving away 100+ apuNs to traders who persist
i want good vibed people leading crypto content we already have me, @PondTalk & @BigSodaBoy streaming (not funded by me)
but they have great vibes and spread positivity, we need more of that in crypto & it's on us, the media, to rebuild crypto from ground up
get rid of this pvp, incel type culture and lets get back to spreading love & good vibes. it's the only way we make it.
disclosure: I hold ~5% of supply. this isn't financial advice or a recommendation.Just sharing why I'm here and what I'm building.
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people keep asking about my apu nft thesis. here it is:
crypto has a vibe problem. cold. toxic. pvp. nobody wants to see anyone else win.
apu is the opposite. frens culture. we want to see each other succeed. 777 vibes.
i'm building a funded stream team and giving away 100+ apuNs to traders who persist
i want good vibed people leading crypto content we already have me, @PondTalk & @BigSodaBoy streaming (not funded by me)
but they have great vibes and spread positivity, we need more of that in crypto & it's on us, the media, to rebuild crypto from ground up
get rid of this pvp, incel type culture and lets get back to spreading love & good vibes. it's the only way we make it.
disclosure: I hold ~5% of supply. this isn't financial advice or a recommendation.Just sharing why I'm here and what I'm building.
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Dimitry Nakhla | Babylon Capital®
Sometimes it’s best to keep it simple — more isn’t always better. Here are 5 exceptional businesses trading at PEG <2.00, & their % drawdown from all-time highs 💵
1. $AMZN 1.14 | -10%
2. $NFLX 1.52 | -38%
3. $FICO 1.57 | -37%
4. $MSFT 1.70 | -16%
5. $NOW 1.95 | -46%
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Sometimes it’s best to keep it simple — more isn’t always better. Here are 5 exceptional businesses trading at PEG <2.00, & their % drawdown from all-time highs 💵
1. $AMZN 1.14 | -10%
2. $NFLX 1.52 | -38%
3. $FICO 1.57 | -37%
4. $MSFT 1.70 | -16%
5. $NOW 1.95 | -46%
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- Life of a 2000 born
- Been in crypto for 5 years
- Still not retired https://t.co/j63nxEgSGo
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- Life of a 2000 born
- Been in crypto for 5 years
- Still not retired https://t.co/j63nxEgSGo
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Quiver Quantitative
Wow.
We've been reporting on Representative Tim Moore's recent purchases of Intel stock.
Moore sits on the House Subcommittee on AI.
$INTC has now risen 178% since his August 1st purchase. https://t.co/9eW3G6N6Cs
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Wow.
We've been reporting on Representative Tim Moore's recent purchases of Intel stock.
Moore sits on the House Subcommittee on AI.
$INTC has now risen 178% since his August 1st purchase. https://t.co/9eW3G6N6Cs
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App Economy Insights
$NFLX Netflix is down 37%.
The largest downturn since 2022.
The $83B $WBD deal introduced complexity, a massive debt load, and integration risks. And the market hates uncertainty.
Golden opportunity or falling knife? https://t.co/WHoiBXJDyU
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$NFLX Netflix is down 37%.
The largest downturn since 2022.
The $83B $WBD deal introduced complexity, a massive debt load, and integration risks. And the market hates uncertainty.
Golden opportunity or falling knife? https://t.co/WHoiBXJDyU
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Moon Dev
final mlk savings
nearly 59% off ends today
this is the biggest discount we offer all year
all tools, all courses, all streams, all repos
no extensions
enter here https://t.co/5lubmNh4F5
Moon Dev https://t.co/jBNE8xBY8z
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final mlk savings
nearly 59% off ends today
this is the biggest discount we offer all year
all tools, all courses, all streams, all repos
no extensions
enter here https://t.co/5lubmNh4F5
Moon Dev https://t.co/jBNE8xBY8z
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Moon Dev
RT @BigSodaBoy: @MoonDevOnYT Yooo appreciate the shoutout!
You inspired me to build @ApuNFTAlerts 🫡
ApuN > Punks https://t.co/fAiTuCDF9w
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RT @BigSodaBoy: @MoonDevOnYT Yooo appreciate the shoutout!
You inspired me to build @ApuNFTAlerts 🫡
ApuN > Punks https://t.co/fAiTuCDF9w
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Dimitry Nakhla | Babylon Capital®
Streaming is competitive, yet the industry continues to expand. Multiple winners can exist as the best platforms continue to take share & grow globally over a long runway.
$GOOG $NFLX $AMZN $DIS
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Streaming is competitive, yet the industry continues to expand. Multiple winners can exist as the best platforms continue to take share & grow globally over a long runway.
$GOOG $NFLX $AMZN $DIS
12.7% of all time streaming TV in the United States 🇺🇸 is spent on YouTube according to Nielsen data via EconomyApp https://t.co/TnKv2dVbqE tweet