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IndieHackers.com acquired by Stripe

indiehackers.com

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Re: IndieHackers.com acquired by Stripe

#161

Post by daeken »

posguy wrote: post #157
throw2bit wrote: post #155

Earlier quoted context omitted.

I moved out of Stripe because stripe charges $15 for charge backs for my product worth $10. The dispute resolution mechanism sucks and it almost all the time favors the customer and stripe is US only. My product is worldwide.

Yeah, Stripe only gets so much say over chargebacks with their platform provider and the cardholder's bank, the only platform that I've seen chargebacks successfully fought & won on is Tsys, its always a loser on First Data. That being said, $15 is a low chargeback fee (damn close to cost the issuing bank & platform charge), generally you'll see a $25 to $30 chargeback fee with a $20 to $75 retrieval fee.

I had two chargebacks on my service using Stripe (https://breaker101.com/ ), and successfully fought both of them. Just throwing that out there.

Re: IndieHackers.com acquired by Stripe

#162

Post by zazpowered »

sanswork wrote: post #128
skynode wrote: post #123

Earlier quoted context omitted.

Would be great to see some facts and numbers not more suburban lawn care anecdotes.

Go on any website selling site like flippa or Latonas and you can see sales prices for lots of similar businesses with similar or higher revenue. Also the lawn care point wasn't an anecdote it was an example of a generally predictable and steady income stream business vs a blog like this which is neither.

Those sites don't include employees who will stay on the to run the company. You also don't think Stripe paid a premium over what the site would have fetched in a flippa sale?

Re: IndieHackers.com acquired by Stripe

#163

Post by fictioncircle »

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…

https://www.indiehackers.com/businesses/stock-trading-bot

> I'm surprised this article is still up when it seems pretty clear it's a scam and all the comments on Hacker News agree.

https://news.ycombinator.com/item?id=13593599

Honestly, given IndieHackers promotes obvious bullshit that could make 4-5 figures of cash for a few minutes effort I have to seriously question the wisdom of associating it with Stripe.

Re: IndieHackers.com acquired by Stripe

#164

Post by [deleted] »

throwaway88744 wrote: post #135
sanswork wrote: post #98

Earlier quoted context omitted.

You make it sound like he's murdering people to get ahead not that he is targeting a social network with content that is generally relevant and popular. The anything in this case is focused promotion.

> You make it sound like he's murdering people You are putting words into my mouth. He clearly wrote: > 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) 20%-25% of his submissions made readers angry. Nevertheless he…

[deleted]

Re: IndieHackers.com acquired by Stripe

#165

Post by sanswork »

zazpowered wrote: post #162
sanswork wrote: post #128

Earlier quoted context omitted.

Go on any website selling site like flippa or Latonas and you can see sales prices for lots of similar businesses with similar or higher revenue. Also the lawn care point wasn't an anecdote it was an example of a generally predictable and steady income stream business vs a blog like this which is neither.

Those sites don't include employees who will stay on the to run the company. You also don't think Stripe paid a premium over what the site would have fetched in a flippa sale?

Right they had one employee who now has a regular salary working on something he enjoys as well as getting a job for his brother(who wasn't employed before by the site) means it's even less likely stripe is going to pay a huge multiple.

They might have paid some premium but they aren't paying 150x when the going rate is <2x AND throw in a job for the brother.

Re: IndieHackers.com acquired by Stripe

#167

Post by fictioncircle »

toomuchtodo wrote: post #148
posguy wrote: post #145

Earlier quoted context omitted.

Quick question about Stripe, how do you plan to retain customers long term? I ask this as a person who has moved a couple businesses off Stripe, pricing & corner cases like easy debit support are the main two motivational factors. For example, Centurylink lets you pay online via debit card with just the card # alone. No CVV, address, expiration date, etc. For low fraud industries, this is a way to leverage very cheap…

Stripe markets to tech companies. Tech companies typically have very strong margins, and are therefore less price sensitive. Ergo, Stripe survives on businesses that print money. Not everyone can afford an iPhone, but Apple still is filthy rich from the people who can.

Once you hit $20 million in sales ($300-400k), the difference gets very noticeable vs. paying one internal IT and a couple security consultants to audit the work.

Re: IndieHackers.com acquired by Stripe

#168

Post by kasbah »

daveheq wrote: post #159

Hacker: "a person who uses computers to gain unauthorized access to data." This word is not a good connotation, and a company that's an online/mobile payment gateway buying a company with "hacker" in its name that doesn't seem to understand the definition of the word "hacker" doesn't look good. It wouldn't matter to me what IndieHackers did, I would have passed them up just because they use a nefarious word in their…

Whom are you quoting? It's really confusing as I thought you must be quoting the article. Surely if you are commenting on a site called Hacker News you know there is more than one definition of "Hacker".

Re: IndieHackers.com acquired by Stripe

#169

Post by trcollinson »

daveheq wrote: post #159

Hacker: "a person who uses computers to gain unauthorized access to data." This word is not a good connotation, and a company that's an online/mobile payment gateway buying a company with "hacker" in its name that doesn't seem to understand the definition of the word "hacker" doesn't look good. It wouldn't matter to me what IndieHackers did, I would have passed them up just because they use a nefarious word in their…

You do realize you are posting this comment on a site called Hacker News?

https://www.merriam-webster.com/dictionary/hacker

Also just to be thorough there is the dictionary definition of hacker. Your definition came in at 4th place.

Re: IndieHackers.com acquired by Stripe

#170

Post by Mz »

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!

So, basically, you expect people to be psychic and know in advance what will tick people off. Since you expect that, they are obviously and intentionally up to no good if other people get mad. Because: Logic.
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