251–260 of 283 posts
When is this launching in the EU?
In the EU you can get credit for 1% and less at any German/UK/French/... bank. Do you really want to pay 10-30% instead at Stripe?
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[Stripe cofounder.] > Based on the amount of junkmail I get offering my small business loans, I have a hard time believing the "filling a niche no-one else is offering" narrative. Leaving aside questions about how good those lenders actually are to work with, it's still a surprisingly inefficient market. Businesses built on Stripe still report that access to capital is one of the _very top_ limiting factors on their…
>Our hypothesis is that existing lenders are disproportionately ineffective at detecting and underwriting internet businesses Is that because you have a view into your business customers cash flows, so you think you'll be able to better assess risk than traditional lenders?
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[Stripe cofounder.] > But one thing strikes me as odd about this whole arrangement. The better a business performs, the quicker it is able to repay the loan, and the higher its effective APR becomes! It's essentially a prepayment penalty in disguise. So you'd better make sure the loan doesn't help your business too much, or you'll end up getting hosed by the loan fee. Yes, this is right -- if your business suddenly s…
Just popping in to say this is one of the most impressive C-level replies i have ever seen. Straight acknowledgement of the criticism from OP, but explains the reasoning and demonstrates the benefit to both customer and stripe. Closes with willingness to change if business model doesnt produce results matched by test market. Doesnt read as defensive or marketing buzzwordy, just straightforward and simple. I hope to o…
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[Stripe cofounder.] > Based on the amount of junkmail I get offering my small business loans, I have a hard time believing the "filling a niche no-one else is offering" narrative. Leaving aside questions about how good those lenders actually are to work with, it's still a surprisingly inefficient market. Businesses built on Stripe still report that access to capital is one of the _very top_ limiting factors on their…
Dude, outside of the SV bubble access to capital is always the top for any small business that believes in themselves. Did you "discover" labor is the second biggest?
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I created a version with sliders, making it easier to experiment: https://connect.calcapp.net/?app=atzggn Also, you don't have to duplicate the spreadsheet to make it editable, you can just use it straight away. (Disclaimer: I created it with Calcapp, which is a SaaS product I built.)
That’s a super neat app for excel a junky - bookmarked!
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>> "But I worry that it's vulnerable to bad people." You worry too much for them, that's why they charge a hefty interest fee. A certain % of non-payments or partial payments are built in.
They probably have some data science and a decent fraud model to keep risk within an acceptable band too.
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There's no prohibition on controlling electricity as such, the most relevant actual prohibition (there are a few other justifications for particular circumstances) is on starting a fire, which prohibits turning on a light (which most devices involve) and also many ways of controlling electricity (e.g. a switch) violate as it a spark is created. Benefitting from a fire that's started before Shabbat is not prohibited,…
I suppose I'm left wondering if this causation loophole - a properly engineered switch being deemed not to cause anything, despite an obvious cause/effect linkage to an observer - is usable in other, nastier scenarios. Can I (setting aside the obvious secular punishments for a moment) murder someone with a bomb activated via one of these switches?
In the case of murder, the result and intent is prohibited, so no matter how you get there, that's a sin.
In the case of having a fire on Shabbat, there's nothing wrong with wanting a fire or having a fire, the result is not prohibited or a moral wrong; but in that particular time and place you are prohibited to light a fire.
A hundred years ago the standard solution was to simply have someone else (non-jewish) do it, e.g. local gentile boys used to spend saturday mornings doing minor chores in jewish households for some tips. Nowadays it is done with technology. Murder is inherently wrong, so having someone else do your murdering for you is also wrong, but these actions are merely prohibited for you personally so having someone else (or something else!) do it in your stead is considered just fine.
I have the feeling that this will have the same net effect for startups -- or even more -- that Stripe-as-a-payment-gateway also had. This could be an instant accelerator to self-funding.