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IndieHackers.com acquired by Stripe

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Re: IndieHackers.com acquired by Stripe

#241
post #230
post #170

Earlier quoted context omitted.

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.

I don't expect that at all. But I'm willing to bet there were common threads in those 20-25% of posts.

And you discover those common threads by seeing those reactions.

Source: First hand experience going down in flames for issues like being a woman on a predominantly male forum. I did not choose to be a woman for the purpose of pissing off men. I did not join HN for the purpose of pissing off men. There was a learning curve involved in figuring out how to write in a way that was not hollow and was also not just a magnet for drama. I seem to be the highest ranked woman here. My ability to tolerate some heat is probably a factor.

I am never sure whether to be amused or disgusted that a culture that so values market disruption has such a cow about socially "disruptive" behavior. The two things are pretty strongly related and neither one is inherently rooted in a desire to piss people off. They both typically grow out of someone thinking they have a better idea.

Re: IndieHackers.com acquired by Stripe

#243

Earlier quoted context omitted.

non-sensationalized, technical accurate accounts of entrepreneurship. not, "it was built it in 3 months." while conveniently leaving off that it was springboarded from a previous veture that took 3 years to develop a base for.

That last part seems very specific. Any particular example you are thinking about?

Check Ministry of Testing story on IH.

Re: IndieHackers.com acquired by Stripe

#244

Earlier quoted context omitted.

I don't feel betrayed, no. There are plenty of companies interviewed on IndieHackers.com that started as small shops and eventually got acquired. I've got nothing against that, obviously. It's a great opportunity to cash out and do something else fun. It's just weird to have IndieHackers.com, which I sort of viewed as a bastion of the movement, suddenly no longer part of it. At the end of the day ... I'd probably do…

Thanks fpgaminer for following along and being one of the few crazy people (including myself) to have read so many interviews! Totally understand your view about the acquisition... but I wouldn't say Indie Hackers is no longer part of the movement. I'm not cashing out and doing something else. Rather, I'm going back to spending all of my time improving the site itself and trying to make it more useful to more people.…

Thanks for the reply, csallen. I hope my comments don't detract in any way from how awesome this is for IndieHackers.com and yourself, and the potential good it could do.

Let me clarify what I mean by IndieHackers no longer being part of the movement. Obviously IndieHackers.com is still an invaluable resource for small businesses to share and learn. The difference now is that you, and IndieHackers.com, are no longer in the same position as those participating in the community. You won't feel the same pain.

That struggle to find sponsorships and keep the cash flowing is in many ways the beating heart of every small business. That's the major pain that everyone feels. You no longer experience that.

Obviously that's a great relief to yourself, and obviously that frees you to work more exclusively on the content, which is the soul of your business. So that's in many ways a great thing! But since you yourself won't be experiencing that pain anymore, you may, in time, end up introducing bias into the content. That's my fear and concern. That you'll forget how difficult it is for small businesses to keep the cash flowing, and so color your interviews, tending to focus on other aspects of business.

In particular your recent podcasts have enabled you to interject your own thoughts and struggles into the conversations (compared to the website interviews which are 100% focused on the interviewee's story). That's been great; you've always had something interesting to say. But that means that, going forward, since you won't be struggling with cash flow, what you interject won't be perfectly aligned with the kinds of things other entrepreneurs will be struggling with or need to hear.

I hope that makes more sense? Put another way ... it's like rap. Rap is most often about the struggles that young, improvised people face on a day to day basis. But ... most of the rap those people are going to hear is from successful rappers ... who have a ton of money and live lavish life styles. It's a bit ... weird. That's not _necessarily_ a bad thing. In many ways that gives people hope, that they too could crawl their way out of poverty and become successful doing something they love. But sometimes it can leave the rappers disconnected.

(I'm speaking more about rap from 10 or more years ago. Nowadays I feel like rappers just said "fuck it" and rap about their current lifestyles. Smokin' reefer, bangin' hookers, and hanging with Avicii ... stuff people can really relate to!)

Re: IndieHackers.com acquired by Stripe

#246
post #238

Earlier quoted context omitted.

>This is obviously often incorrect, but given most people set up US entities because they're cheap Cheap compared to where? EU or UK?

Most EU jurisdictions have required minimum capital contributions from the founding shareholder(s), e.g. 10-20.000 euro per entity. Then there's a ton of stuff to file (some countries are more bureaucratic than others), in some jurisdictions you need to visit a civil law notary to incorporate, etc. A lawyer can easily take care of that for you for a reasonable fee, but most bootstrappers won't consider it, given the…

Interesting, thanks.

Re: IndieHackers.com acquired by Stripe

#247

Earlier quoted context omitted.

non-sensationalized, technical accurate accounts of entrepreneurship. not, "it was built it in 3 months." while conveniently leaving off that it was springboarded from a previous veture that took 3 years to develop a base for.

That last part seems very specific. Any particular example you are thinking about?

there were a few, i think park.io and then another having do with music, submithub i think? those are the two that came to mind.

there was another, machine learning for company logos, the title was something like "50k monthly run rate after 3 months" but it was based off of sales after running a promotion which amounted to a couple grand in a few days.

the shitty part is that all the stories are great, they don't need to be sensationalized, but he over sells them and then your left feeling let down.

Re: IndieHackers.com acquired by Stripe

#248
post #145
post #73

Earlier quoted context omitted.

The main thing we can do is free up Courtland to spend more time on it rather than having him sell ads. We're also going to invest in it so that his brother, Channing, can join him. On top of that, we expect that there'll be some Stripe users who'd benefit from discovering it earlier in their lifecycle and getting advice and feedback from other community members. Most people building a business on Stripe are doing it…

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…

The rates in Hong Kong with Stripe for non-hong Kong issued cards is 3.9% + 2% conversion fee if you don't charge in HKD. Additionally they're unable to deposit into a US denominated bank account.

So if you want to process USD to US clients in HK with stripe the fees are 5.9% which is fairly laughable.

With 4+ million USD yearly volume, the only discount I could get would be 1% off the conversion fee to start.

Re: IndieHackers.com acquired by Stripe

#249

Earlier quoted context omitted.

That last part seems very specific. Any particular example you are thinking about?

there were a few, i think park.io and then another having do with music, submithub i think? those are the two that came to mind. there was another, machine learning for company logos, the title was something like "50k monthly run rate after 3 months" but it was based off of sales after running a promotion which amounted to a couple grand in a few days. the shitty part is that all the stories are great, they don't nee…

Great, thx. Will look into those to learn. :)

Re: IndieHackers.com acquired by Stripe

#250

Earlier quoted context omitted.

That last part seems very specific. Any particular example you are thinking about?

there were a few, i think park.io and then another having do with music, submithub i think? those are the two that came to mind. there was another, machine learning for company logos, the title was something like "50k monthly run rate after 3 months" but it was based off of sales after running a promotion which amounted to a couple grand in a few days. the shitty part is that all the stories are great, they don't nee…

Hi, I founded park.io and built it from scratch by myself - not sure why you listed my site here.
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