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How the Collison brothers turned ‘seven lines of code’ into Stripe

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Re: How the Collison brothers turned ‘seven lines of code’ into Stripe

#31
post #11

Earlier quoted context omitted.

To expand, it's these 7 lines. (Actually 12) - more or less. Maybe not precisely that, but it's the bit where you add a payment form to your website. It's a nice headline, but it really leaves out the tremendous amount of back-end work that went into making that front end easy to use.

The PayPal form is roughly the same number of lines. The real break through for stripe was it was an alternative to PayPal with a modern UI.

[deleted]

Re: How the Collison brothers turned ‘seven lines of code’ into Stripe

#32
I don't know Patrick, but he has personally jumped in here on HN where appropriate, publicly given out his own email address to handle issues, etc., and continued to do so even after Stripe achieved a $1b+ valuation. While most of their billionaire Silicon Valley contemporaries are very hard people to root for, I am rooting for these guys. They seem like genuinely good people whose success is well deserved, and so far they have not let it go to their heads.

Re: How the Collison brothers turned ‘seven lines of code’ into Stripe

#33
For me, Stripe was a revelation because they eliminated fixed monthly costs. When I ran a side project that took credit cards, I found the cheapest option to be a $20/month merchant account + $20/month to Spreedly. Others had a few months free trials, etc. but ended up being more expensive over the first year.

Stripe, while being more expensive than these options per transaction, actually cost me a lot less to start out. While $40/month doesn't seem like a lot, for a hobby project that likely won't make that much money in the first months to a year, it's huge.

Re: How the Collison brothers turned ‘seven lines of code’ into Stripe

#34

The bit about Amazon is the actual news contained in the story, if anyone here is interested in discussing that.

Yeah, this is really, really interesting:

> Stripe’s new partnership with Amazon. com Inc., the largest and most sought-­after customer on the internet. Over the past couple of weeks, Stripe began handling a large, though undisclosed, portion of Amazon’s transactions.

Lots of questions about why Amazon would do something like that. Is it so they have a backup in case their systems go down? Or was Stripe actually able to get better rates than Amazon was, so this will save them money?

Re: How the Collison brothers turned ‘seven lines of code’ into Stripe

#35

The bit about Amazon is the actual news contained in the story, if anyone here is interested in discussing that.

The new "Radar" service was the interesting thing to me. They're just throwing fraud protection in for free? Nice!

Re: How the Collison brothers turned ‘seven lines of code’ into Stripe

#36
post #9

> Over the past couple of weeks, Stripe began handling a large, though undisclosed, portion of Amazon’s transactions. Neither company will address the scope of the deal—which was only revealed by Stripe’s addition of Amazon’s logo to its website—but it could help Stripe greatly increase its trans­action volume. So, reading into this, amazon presumably invested in stripe, then gave it some transaction traffic to juice…

This is quite interesting. What does Amazon have to gain from using Stripe?

Re: How the Collison brothers turned ‘seven lines of code’ into Stripe

#37

Earlier quoted context omitted.

That's really interesting. How did you know that?

The article: "Surely the smartest redhead in Ireland,” read one headline about 16-year-old Patrick being named Young Scientist of the Year for developing a programming language and artificial intelligence system."

Are "redheads in Ireland" stereotyped as being particularly smarter or stupider than other Irish? That's the only way I can make sense of that headline - it makes as much sense to me as "the smartest black-haired person in Ireland"

Re: How the Collison brothers turned ‘seven lines of code’ into Stripe

#38
The article mentions this but for me the truly great aspect of stripe is that they targeted the developer. I have dealt with several payment systems and most of them have poor documentation and getting them to work is a lot of trial and error. They appear to be monoliths who survive because management has chosen them.

Stripe provides excellent documentation and support (on #stripe in freenode). It just makes my life easier.

(I have never used Braintree so I can't comment on it)

Re: How the Collison brothers turned ‘seven lines of code’ into Stripe

#39
post #4

~12 years ago, it was Patrick Collison that was named young scientist of the year for developing a dialect of Lisp called Croma: http://lemonodor.com/archives/001038.html I'm glad to see he has continued to do well.

That's really interesting. How did you know that?

I've plinked around with Lisp implementations for quite a while, and remember the press he got back in 2004 for Croma. This was before all of the startup stuff of the last 12 years, so at the time it was just a story of a really smart high school student doing something awesome with a style of programming language I really liked.

Re: How the Collison brothers turned ‘seven lines of code’ into Stripe

#40

I don't know Patrick, but he has personally jumped in here on HN where appropriate, publicly given out his own email address to handle issues, etc., and continued to do so even after Stripe achieved a $1b+ valuation. While most of their billionaire Silicon Valley contemporaries are very hard people to root for, I am rooting for these guys. They seem like genuinely good people whose success is well deserved, and so fa…

I agree on every single point. I've been amazed reading threads on here where Patrick jumps in and offers his help. I've never met them, but Patrick and John seem like wonderful people. I'll always root for them!
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