Stripe’s former growth lead helps African diaspora invest in startups, real estate
Joe Kinvi joined Touchtech Payments in 2017, accepted stock for part of his salary, and benefited significantly when Stripe acquired the company, allowing him to leave his job and pursue a side project.
MAIN POINTS
- Joe Kinvi joined Touchtech Payments as head of finance in 2017.
- He accepted stock to compensate for a lower salary.
- Stripe acquired Touchtech Payments 18 months later.
- The acquisition allowed Kinvi to convert his equity into Stripe shares.
TAKEAWAYS
- Negotiating for stock can be beneficial in startups with acquisition potential.
- Strategic equity deals can lead to significant financial gains.
- Startup acquisitions can provide unexpected career opportunities.
- Stock compensation can enable financial independence and entrepreneurial pursuits.