> Throughout the fundraising, Stripe has been adamant with investors that it doesn’t need the cash to fund normal business operations.
Covering tax liabilities apparently is not part of "normal business operations" at Stripe.
Covering tax liabilities apparently is not part of "normal business operations" at Stripe.
GAAP is a set of accounting standards - it doesn't require taking actions, it's about how to record things if you want to meet those standards. So no, there is no GAAP requirement to build a cash reserve. For what it's worth, Stripe isn't even obliged to follow GAAP for their accounting (it is likely they signed a contract somewhere which calls for a set of financials meeting GAAP to be furnished periodically, but again GAAP doesn't require actions, it stipulates accounting entries).