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IndieHackers.com acquired by Stripe

indiehackers.com

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Re: IndieHackers.com acquired by Stripe

#101

Post by WA »

avip wrote: post #91

Congrats to the involved parties, great job, etc. IH is/was, unfortunately, full of unsubstantiated stories and made up numbers, presented by owners trying to upsell their business, without any verification or "hard questions" by the site owner. As we see, this worked. I'm not sure what's the lesson here. Fact-checking is for losers maybe?

> full of unsubstantiated stories and made up numbers

Possibly, but how would you know?

And what would some good hard questions be?

Edit: Okay maybe because of this one https://news.ycombinator.com/item?id=13591182

Re: IndieHackers.com acquired by Stripe

#103

Post by kcorbitt »

nitam wrote: post #41
pc wrote: post #18

Patrick 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…

You can help us help you by a) becoming available in more countries b) Atlas LLC

Agree about Atlas LLC: the best way to help "more companies get started and that they're more successful" is to help the companies at the margin -- the companies that won't actually get around to being formed if the prospective founder has to take 2 weeks out of his schedule just to figure out the legal and financial aspects of operating a side business. And for that type of company, an LLC is the no-brainer correct choice for the corporate structure.

Source: a prospective customer. :)

Re: IndieHackers.com acquired by Stripe

#104

Post by throwaway88743 »

throw_this_away wrote: post #83
throwaway88743 wrote: post #76

Earlier quoted context omitted.

I am glad to see that I wasn't the only one who felt that IH were gaming the system and was treating their stories as spam. It does make me suspicious as to if HN admins treat YC alumni more equal than others.

Moderation on HN is very strict. If Indie Hackers were 'gaming' the system, they'd be banned. That hasn't happened. The posts consistently end up on the front page because people like the site...

> Moderation on HN is very strict. If Indie Hackers were 'gaming' the system, they'd be banned.

If the voting data were available, one of us could prove the other wrong. As they are not, it is my opinion vs yours.

Re: IndieHackers.com acquired by Stripe

#105

Post by Denzel »

pc86 wrote: post #65
csallen wrote: post #40

Earlier quoted context omitted.

The HN community has been a big part of Indie Hackers, even helping me come up with the idea for the site in the first place. I've made a ton of submissions in the past 8 months and experimented with various combinations of stories/titles that the HN audience might like, without always being successful. (Probably one out of every 4-5 submissions turned into an angry mob haha) To speak specifically to your point about…

One has to wonder if 20-25% of your submissions make people angry if you're doing the right thing. But hey you're the one with the acquisition, not me. So great job!

When the win column is bigger than the loss column, you're a winning team.

Re: IndieHackers.com acquired by Stripe

#107

Post by [deleted] »

pc86 wrote: post #65
csallen wrote: post #40

Earlier quoted context omitted.

The HN community has been a big part of Indie Hackers, even helping me come up with the idea for the site in the first place. I've made a ton of submissions in the past 8 months and experimented with various combinations of stories/titles that the HN audience might like, without always being successful. (Probably one out of every 4-5 submissions turned into an angry mob haha) To speak specifically to your point about…

One has to wonder if 20-25% of your submissions make people angry if you're doing the right thing. But hey you're the one with the acquisition, not me. So great job!

[deleted]

Re: IndieHackers.com acquired by Stripe

#108

Post by OJFord »

Denzel wrote: post #105
pc86 wrote: post #65

Earlier quoted context omitted.

One has to wonder if 20-25% of your submissions make people angry if you're doing the right thing. But hey you're the one with the acquisition, not me. So great job!

When the win column is bigger than the loss column, you're a winning team.

Getting shutout 25% doesn't mean you're winning 75%.

Re: IndieHackers.com acquired by Stripe

#109

Post by will_brown »

nitam wrote: post #41
pc wrote: post #18

Patrick 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…

You can help us help you by a) becoming available in more countries b) Atlas LLC

There is a lot of echo for your sentiment, and no reason for Atlas to not create an LLC package for customers (at some point), but are You (and so many others) really putting off a. Starting a business, or b. Creation of a business entity (LLC) for an on going business until Stripe can form it for you as a service? If so, what is it they provide that isn't available - and cheaper - elsewhere?

Re: IndieHackers.com acquired by Stripe

#110

Post by kjksf »

ploggingdev wrote: post #15

First 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…

I'm not speculating about purchase price because it's more about what was the best alternative for IndieHackers founder but it's doubtful Stripe cares about the site's revenue, today or in the future.

IndieHackers' revenue is ads and the amount they make ($6k / month) is nothing for company like Stripe.

The article says that csallen will no longer spend his time looking for advertisers. That means that either someone at Stripe will take over that role (doubtful) or that they'll remove the ads when the current contracts expire and loose the revenue stream for the site.

My best guess is that Stripe is profitable enough that they can run the site at a loss and they hope for the best case (but hard to quantify) scenario where the site serves as an (subtle) advertisement for Stripe services (and it has to be noted that the site already was a subtle advertisement for Stripe given that many of the interviewed companies already use Stripe, so the site would promote Stripe even if Stripe didn't pay a cent for it).

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