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Stripe opens its Atlas program to US-based startups

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Re: Stripe opens its Atlas program to US-based startups

#61

Post by ovi256 »

boundlessdreamz wrote: post #50
patio11 wrote: post #2

We've technically speaking got a lot of US startups on Atlas, but we're happy to have more. Today's announcement also includes a number of other improvements we've made the last few months. I'm happy to answer questions if anyone has them.

Do you plan to offer incorporation in other business friendly countries - say singapore?

That would be very interesting because it would remove all risk for the founders of being considered "US persons", which has unexpected and unpleasant consequences such as not being accepted as a client by many non-US banks or financial services.

It is not clear to me at the moment if incorporating currently through Atlas makes a foreign, non-US resident founder into a US person, or not.

Re: Stripe opens its Atlas program to US-based startups

#62

Post by gsharma »

markdown wrote: post #60
mixmastamyk wrote: post #59

Earlier quoted context omitted.

I've always been pleased with Charles Schwab, they've been pro-customer since before it was cool. No fees, even rebate foreign ATM fees, helpful customer service, mobile camera deposit, etc.

> mobile camera deposit What is this?

mixmastamyk probably wanted to say mobile check deposit using the phone's camera.

Re: Stripe opens its Atlas program to US-based startups

#63

Post by mixmastamyk »

gsharma wrote: post #62
markdown wrote: post #60

Earlier quoted context omitted.

> mobile camera deposit What is this?

mixmastamyk probably wanted to say mobile check deposit using the phone's camera.

Yes, in the backwater known as the USA you will often still encounter paper checks. However, mobile apps allow you to enter a deposit using a photo of them. Still lame, but at least you don't have to drive to the bank.

Re: Stripe opens its Atlas program to US-based startups

#64

Post by markdown »

delibaltas wrote: post #19

As a foreigner that used Atlas to incorporate my consulting business, I can certainly vouch for it. It is an excellent example of "one stop shop" philosophy.

They let you incorporate a consulting business? Are you in a niche field?

All their marketing has led me to believe they exist to support businesses like typical techcrunch-worthy SV startups, just based elsewhere.

Re: Stripe opens its Atlas program to US-based startups

#65

Post by lettergram »

patio11 wrote: post #2

We've technically speaking got a lot of US startups on Atlas, but we're happy to have more. Today's announcement also includes a number of other improvements we've made the last few months. I'm happy to answer questions if anyone has them.

I setup my company through Atlas, and overall I really liked the process.

My only pain point was, "why silicon valley bank"? They have high fees, is a pain to set up and manage, and it's basically the opposite of what I think of as a good experience.

As some people said in another comment thread, Capital One Spark is great. I'm actually going to switch to them as soon as I have time.

I do work for Capital One in my day job (for now), so if you want / need a contact I can provide one. I do realize they don't support foreign teams, but honestly anything is better than SVB.

Re: Stripe opens its Atlas program to US-based startups

#66

Post by markdown »

thetli8 wrote: post #52

We incorporated using Stripe Atlas during the beta. If anyone has any questions, feel free to ask. Would be happy to provide another perspective on incorporation.

1. Do you sell a product or a service?

2. What part of the world are you in (Europe/Asia/Oceania/South America/etc)?

3. Were you already a functioning business with revenue already flowing in?

Re: Stripe opens its Atlas program to US-based startups

#67

Post by piratebroadcast »

nebabyte wrote: post #18
chejazi wrote: post #13

I apologize for the begging, but if anyone has an invite, I would love to use Stripe Atlas with my co! chejazi@umich.edu

Why would anyone invite you without knowing what they're recommending? For that matter, it sounds like the founder or someone who works there is in this thread, but even if you were going to appeal to them, the information you could give them would likely just be the same information that the (linked in the post) signup/product pitch page's application form would ask for. And fundamentally, why would someone want to…

You sound like a fucking jackass.

Re: Stripe opens its Atlas program to US-based startups

#68

Post by tommynicholas »

nodesocket wrote: post #33

Silicon Valley bank is frankly awful. I used them for three years but just recently switched over to Capital One Spark Business Checking[1] and love it. Spark is all online, has zero fees unlike SVB (I used to pay $15/mo), and has solid technology again unlike SVB. The account gets setup instantly and your debit card and checks arrive about a week after opening. The Spark iOS mobile app is really solid and allows for…

SVB is absolutely fantastic, has great service, saves us a ton of money on wires, and helps in so many other ways. Great bank, happy customer.

Re: Stripe opens its Atlas program to US-based startups

#69

Post by taysic »

patio11 wrote: post #2

We've technically speaking got a lot of US startups on Atlas, but we're happy to have more. Today's announcement also includes a number of other improvements we've made the last few months. I'm happy to answer questions if anyone has them.

I really love what Atlas is doing, but I too would love to see a LLC option because I never intend on raising capital. My two cents.

Re: Stripe opens its Atlas program to US-based startups

#70

Post by nodesocket »

tommynicholas wrote: post #68
nodesocket wrote: post #33

Silicon Valley bank is frankly awful. I used them for three years but just recently switched over to Capital One Spark Business Checking[1] and love it. Spark is all online, has zero fees unlike SVB (I used to pay $15/mo), and has solid technology again unlike SVB. The account gets setup instantly and your debit card and checks arrive about a week after opening. The Spark iOS mobile app is really solid and allows for…

SVB is absolutely fantastic, has great service, saves us a ton of money on wires, and helps in so many other ways. Great bank, happy customer.

Well not sure about saving you money. Wire transfers I believe across the board are cheaper using Capital One Spark $25 flat.

Additionally you can transfer in and out of Spark for free using linked accounts not even within Capital One. Something not even possible with SVB.

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