Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

Stripe Is Now a $20B Company

bloomberg.com

Post reply on HN
Print view View original

41–50 of 180 posts

Re: Stripe Is Now a $20B Company

#41

Post by ambicapter »

jonny_eh wrote: post #32
nostrademons wrote: post #29

Earlier quoted context omitted.

It makes me wonder if the same dynamic is at work with cryptocurrencies now. Fraudsters found and adopted them early, because if your goal is to commit fraud, having a currency not under the control of the banking system is a pretty critical attribute. But now that the mainstream world is aware of them and people are actively researching what they might be good for, that may not hold true forever.

The difference is that crypto is only good for fraud. So it'll never move past this early stage.

What a hot take!

Re: Stripe Is Now a $20B Company

#42

Post by woah »

jonny_eh wrote: post #32
nostrademons wrote: post #29

Earlier quoted context omitted.

It makes me wonder if the same dynamic is at work with cryptocurrencies now. Fraudsters found and adopted them early, because if your goal is to commit fraud, having a currency not under the control of the banking system is a pretty critical attribute. But now that the mainstream world is aware of them and people are actively researching what they might be good for, that may not hold true forever.

The difference is that crypto is only good for fraud. So it'll never move past this early stage.

Stunning analysis

Re: Stripe Is Now a $20B Company

#43

Post by martinvol »

lifeisstillgood wrote: post #28
haaen wrote: post #17

Stripe is the second most valuable YC company. Total valuation of all companies that YC funded (more than 1,900) now exceeds 100 billon dollars. Airbnb has a private valuation of 31 billion. Stripe has a private valuation of 20 billion. Dropbox has a public valuation (DBX) of 11 billion. So the two most valuable companies account for about half the total value of all the YC companies. This is what a power law looks l…

To the founders and employees of all the other less "powerful" companies - well done too ... making the world better, however you are doing it, is powerful work. keep it up :-)

You should google power law, I think you misunderstood everything and have a chance to learn an amazing statistical concept today :)

Re: Stripe Is Now a $20B Company

#46

Post by adw »

philip1209 wrote: post #15
captain_perl wrote: post #9

Earlier quoted context omitted.

Large companies typically do payments in batches, not one-by-one, so the redundancy is not needed. However, if they're trying to do per ride auths, then they might need redundancy there. Hard to imagine they do that.

I don't think they auth per ride. I definitely had a "you owe us money" flow after getting food successfully delivered though Uber eats on a deactivated card.

I get push notifications on auth on both my debit and credit cards. Weak evidence, but my hunch based on what I see there is that there's some dollar value where they pre-auth (somewhere around $25, I think).

Re: Stripe Is Now a $20B Company

#47

Post by ceejayoz »

jczhang wrote: post #35
superasn wrote: post #5

The thing I love most about Stripe is that they have invested quite a lot of resources in their Atlas program to help people from around the world get a level playing field. Before Stripe Atlas there was not a single resource that would allow a non American to setup a bank account for their company totally virtually without ever visiting US (i know because I spoke to at least a dozen of different people and everyone…

How did Stripe bypass the law here?

I suspect it's less "bypass" and more "did the extra research/work".

Re: Stripe Is Now a $20B Company

#48

Post by jzoch »

martinvol wrote: post #43
lifeisstillgood wrote: post #28

Earlier quoted context omitted.

To the founders and employees of all the other less "powerful" companies - well done too ... making the world better, however you are doing it, is powerful work. keep it up :-)

You should google power law, I think you misunderstood everything and have a chance to learn an amazing statistical concept today :)

How did you come to the conclusion that he misunderstood anything at all? Reading his comment I cant see how you think that.

Re: Stripe Is Now a $20B Company

#50

Post by lifeisstillgood »

martinvol wrote: post #43
lifeisstillgood wrote: post #28

Earlier quoted context omitted.

To the founders and employees of all the other less "powerful" companies - well done too ... making the world better, however you are doing it, is powerful work. keep it up :-)

You should google power law, I think you misunderstood everything and have a chance to learn an amazing statistical concept today :)

No I understand it. I even have at least one book extolling it in business and life.

I just wanted to convey that the sheer act of starting and running any (non evil) business is a Good Thing and worth doing irrespective of your valuation, power laws or not. More power to their elbows. (That is such a flexible word!)

Any way, assuming power laws hold in life is like assuming financial markets have normal distributions - it's gravy while true, but if it ain't so, things can get hairy. :-)

Post reply on HN