Didn't see this one coming! Congrats @csallen on the acquisition and congrats to Stripe for recognizing the great value IH has been providing since launch!
IndieHackers.com acquired by Stripe
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Re: IndieHackers.com acquired by Stripe
#22Patrick from Stripe here. I wanted to quickly chime in to emphasize that our goal in acquiring Indie Hackers is to simply ensure that the site becomes as successful as possible. The Stripe upside we're hoping for is that more companies get started and that they're more successful . We already see a very large fraction of new internet companies choose Stripe; we're mainly hoping that Indie Hackers can help us grow the…
What do see on your acquisition list in 2017/2018?
Re: IndieHackers.com acquired by Stripe
#23I bet the total acquisition price is less than Stripe would wind up paying a content agency for fees, placement, etc. over a couple of fiscal years for similar exposure. And they're getting all the goodwill & talent alongside of it as the cherry on top. Brilliant move @stripe and congrats to the founders.
Wouldnt that imply not so brilliant move for the founders? The way you've worded it, it sounds like the founders could have got a lot more?
No, he's just implying that it's a smart move for Stripe. He doesn't even know the cost of the transaction.
Re: IndieHackers.com acquired by Stripe
#24First of all, congrats to csallen, I have been following your journey from the day you launched on HN and it was fascinating to follow along. If you haven't read his month in review posts, highly recommended. I hope it's not taboo to speculate on the acquisition price, so here's my take : * extrapolating a $5k/month revenue to a year = $60k/year * acquisition price is roughly 2-4x yearly revenue so $120k to $240k * P…
Your numbers are low. They didn't buy a suburban lawn care business. I'd ballpark >$1m up front and >$250k annual comp with upside going forward, in some mix of cash and stock. Great move by Stripe. Congrats to Courtland for the exit and what seems like a win-win for both parties.
Re: IndieHackers.com acquired by Stripe
#25While going from a blog-to-acquisition in less than a year is an impressive feat, there have been suspicious circumstances around IndieHackers submissions to Hacker News including clickbait titles that are frequently fixed by HN mods, and in one case, explicit voting manipulation with an attempt to bypass the voting ring detector via linking to /newest: http://i.imgur.com/08pAFOw.jpg This acquisition sends a disappoi…
Anyone else suspect "clickbait" is now the #1 most-used word in HN comments?
This is one of the rare instances where it is correctly used. (In IH's case, submission titles with explicit dollar amounts, which also breaks the HN rule about using original titles)
EDIT: Apparently an exception was made in this case.
Re: IndieHackers.com acquired by Stripe
#26That was fast
Indeed, more like an acquihire at this stage.
Re: IndieHackers.com acquired by Stripe
#27While going from a blog-to-acquisition in less than a year is an impressive feat, there have been suspicious circumstances around IndieHackers submissions to Hacker News including clickbait titles that are frequently fixed by HN mods, and in one case, explicit voting manipulation with an attempt to bypass the voting ring detector via linking to /newest: http://i.imgur.com/08pAFOw.jpg This acquisition sends a disappoi…
What's the problem with linking to /newest? I'm new to spam and abuse on HN
Re: IndieHackers.com acquired by Stripe
#28While going from a blog-to-acquisition in less than a year is an impressive feat, there have been suspicious circumstances around IndieHackers submissions to Hacker News including clickbait titles that are frequently fixed by HN mods, and in one case, explicit voting manipulation with an attempt to bypass the voting ring detector via linking to /newest: http://i.imgur.com/08pAFOw.jpg This acquisition sends a disappoi…
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Re: IndieHackers.com acquired by Stripe
#29Congrats, Courtland! If I were to be acquired by any company, I'd want it to be Stripe!
Re: IndieHackers.com acquired by Stripe
#30I bet the total acquisition price is less than Stripe would wind up paying a content agency for fees, placement, etc. over a couple of fiscal years for similar exposure. And they're getting all the goodwill & talent alongside of it as the cherry on top. Brilliant move @stripe and congrats to the founders.
Wouldnt that imply not so brilliant move for the founders? The way you've worded it, it sounds like the founders could have got a lot more?
but the founder's alternative was hustling every month to get more advertisers, for probably less money than the Stripe deal.
the best deals are where both sides benefit, this sounds like one