Michael Moritz Backs Google, Stripe, PayPal; Warns on Amazon.com Stock
- Reports
- 2
- Developments
- 2
- Repetition
- 0%
New informationRepeats or wire copies
What happened
Michael Moritz backed Google, PayPal, and Stripe. He also warned investors about Amazon.com's stock performance, stating that excessive trading often cuts compounding gains. Charlie Munger named Moritz as an investor worth interviewing, crediting his temperament over intellect for his success.
From 247wallst.com, aol.com
Why it matters
Moritz's commentary on Amazon.com's stock valuation highlights concerns about market timing and the impact of frequent selling during high growth periods. His backing of companies like Google, PayPal, and Stripe provides validation for those sectors.
From 247wallst.com, aol.com
Who's involved
- Michael MoritzProvided financial backing to Stripe, PayPal, and Google.
- Charlie MungerRecommended Michael Moritz as an investor worth interviewing.
- StripeReceived financial backing from Michael Moritz.
- Amazon.comSubject of Michael Moritz's warning regarding stock valuation.
- PayPalReceived financial backing from Michael Moritz.
- GoogleReceived financial backing from Michael Moritz.
- Sequoia CapitalMichael Moritz spent 38 years at this venture capital firm.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
Possible ripples
Who this could reach next, traced step by step from the reporting. Possibilities worth considering, not forecasts.How it developed
Newest first. Tap a step to see who reported it.Moritz made several investment backing decisions and commented on Amazon's stock.1 source
Moritz, formerly of Sequoia, warns investors about Amazon's stock performance.1 source
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The entities involved
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Michael Moritz
British businessman
Nothing else this week.
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Charlie Munger
American businessman (1924–2023)
Nothing else this week.
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Stripe
Irish-American payment technology company