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IndieHackers.com acquired by Stripe

indiehackers.com

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Re: IndieHackers.com acquired by Stripe

#211

Post by BillyParadise »

bbcbasic wrote: post #144
bitmapbrother wrote: post #130

Earlier quoted context omitted.

You're ballparking 1 million upfront and >250K for a site that made barely 60K a year? That seems extremely optimistic and emblematic of dot.bomb numbers.

By that logic YC and other VCs are continuously and systematically making bad investments every year. You need to look at it as the total value this will provide Stripe. It's a community of people who will buy their service. It's good will too.

But what's the upside? Will this website EVER net Stripe a (figurative) DIME after paying 2 salaries? I think not. Maybe it will entice a few dozen new account signups per month. Who knows.

Community outreach is a good thing (tm) but I see now way any sane/experienced business person would pay a million dollars for this.

Re: IndieHackers.com acquired by Stripe

#212

Post by BillyParadise »

sumedh wrote: post #210
vit05 wrote: post #117

Earlier quoted context omitted.

When the PH was aquired for 20 million, I thought about how much a smaller company like IH would cost. And how much would it benefit from belonging to a company that have already found their cash cow. There is not a perfect formula to make money on news and interviews, or you place ads everyerve or charge people direct. With Stripe taking care of most costs, IH can focus on what it really does best, produce content.

What is PH?

product hunt

Re: IndieHackers.com acquired by Stripe

#213

Post by econner »

pharrlax wrote: post #199
hsod wrote: post #175

I've been reading HN for 5 or 6 years and this feels very strange to me. From the comments in here by the principles it kind of seems like Stripe is doing IH a favor. A few things that stick in my craw: 1. This seems like it would be damaging to IH's brand image (since it will now be perceived as a PR arm of Stripe, and it's all about independence) 2. Stripe's stated goal here is simply to ensure the success of IH in…

>IH was apparently very big on financial transparency, yet the principles are being decidedly opaque about financials in this thread. Financial transparency about profit from a bootstrapped startup is a different from financial transparency about a contract between two parties. Secrecy around the latter is a little more understandable.

Why?

Re: IndieHackers.com acquired by Stripe

#214

Post by tedmiston »

minimaxir wrote: post #33
hoschicz wrote: post #27

Earlier quoted context omitted.

What's the problem with linking to /newest? I'm new to spam and abuse on HN

There isn't a legitimate reason to link to /newest unless it's to promote your submission, which in itself is against the HN rules. (there is the belief that people who vote in a submission via /newest do not trip voting ring detectors like that of direct links, but that is false)

Is a voting ring defined by people being friends, in a similar geolocation, voting at a similar time, voting together consistently historically, or what? In other words, what distinguishes a voting ring from simply a group of users with similar interests or a small niche community?

Re: IndieHackers.com acquired by Stripe

#215

Post by TheAntiEgo »

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…

Our peer education marketplace www.helpwith.co is powered by Stripe. Want to help us get a 50k investment from Stripe? It'll allow us to ad a lot of users to for you guys.

Who could I talk to about this?

Re: IndieHackers.com acquired by Stripe

#216

Post by dmingoddd »

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…

troll level extreme is all I can think about.. If thats not the case then clueless is the only other way to describe this.

Re: IndieHackers.com acquired by Stripe

#217

Post by posguy »

toomuchtodo wrote: post #177
fictioncircle wrote: post #167

Earlier quoted context omitted.

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.

I don't disagree; its no different than AWS: once you get big enough, its time to roll your own or bring it in house. Until then, lots of money to be made selling shovels. No one looks at their SMB customers and says "To hell with that market, they'll just leave once they're big enough!" The market for people building from scratch is enormous.

The thing is, you can't roll your own in house, but you can replace Stripe at a much lower cost with a different vendor. They all process cards after all!

Re: IndieHackers.com acquired by Stripe

#218

Post by posguy »

AlphaSite wrote: post #196
posguy wrote: post #153

Earlier quoted context omitted.

Debit networks are wholly separate from Visa/Mastercard, different ballgame entirely. You get to deal with a few hundred tiny debit networks that replace Visa/Mastercard/Amex/Discover for processing the payment. Centurylink has your name/address/SSN and can cut your services off at a whim if anything happens, so fraud would be inadvisable.

US debut networks. UK debit is via Visa, MasterCard etc typically.

Europe is a whole different ballgame, Visa itself runs multiple networks, and you've got heavy regulation kneecaping debit at 0.2% for interchange, and 0.3% for credit card interchange. Competition takes different forms, but it is a pretty fragmented market in the EU.

Re: IndieHackers.com acquired by Stripe

#220

Post by znebby »

charlesdm wrote: post #134
justinclift wrote: post #112

Earlier quoted context omitted.

With that LLC thought, does that still mean US based? Atlas sounded interesting to me (doing product dev atm), however it's based on incorporating in the US. The US seems like it's gone in a seriously bad direction for non-US citizens (I'm Australian, living in the UK), with no positive end to that in sight. So incorporation in the US isn't really a goer (personally speaking).

Unless you understand the tax consequences, incorporating in the US should be avoided at all costs.

Why? LLCs are pass-through entities. US residents will get taxed as income, and non-US residents will not have to pay any tax if their income is not effectively connected with a US trade or business (which basically means that employees do not do any of the work within the US).
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