31–40 of 172 posts
It’s encouraging to hear stories like this — you don’t know how any particular side project (hobby) might do, but the right product at the right time can be what makes all the difference. And you don’t need to have VC money and tens or hundreds of developers working on something to bring genuine value to people.
Couldn't stripe just add this feature in their mobile app? Why haven't they done so?
He's getting 80% of the gross = 48,000/month. That's impressive income, half a million a year for what amounts to a good idea implemented at the right time. I love reading stories like this, and it demonstrates that there are still many opportunities out there. I don't understand some of these comments which seem to resent his success or belittle his company as "not a unicorn". That's good money, he works for himself…
It's interesting how a common tenet of startups is "build products, not features" -- and yet here's a very clear example of a "feature" that can be very successful.
Earlier quoted context omitted.
Sure, but after having all that infrastructure and resources built up an expansion should be easier than starting at zero.
Stripe is kind of analogous to a utility company here. They're an upstream provider. They don't care about what "infrastructure and resources" you've built. If you break the terms of service, they will cut you off, just like if you don't pay for your gas/electric you will quickly find yourself with a non-functional home, regardless of how fancy it is.
Why does USA not have a system like UPI ( https://en.wikipedia.org/wiki/Unified_Payments_Interface )? It simpler, easier and cheaper (mostly free).
Couldn't stripe just add this feature in their mobile app? Why haven't they done so?
That would be my concern for this business. It'll disappear instantly when they do (and it's got to be a when, right?) but he's getting good value for moving quickly. Or maybe they get acquired.
He's getting 80% of the gross = 48,000/month. That's impressive income, half a million a year for what amounts to a good idea implemented at the right time. I love reading stories like this, and it demonstrates that there are still many opportunities out there. I don't understand some of these comments which seem to resent his success or belittle his company as "not a unicorn". That's good money, he works for himself…
[flagged]
Why does USA not have a system like UPI ( https://en.wikipedia.org/wiki/Unified_Payments_Interface )? It simpler, easier and cheaper (mostly free).
UPI must be the single greatest thing that have come out of India in recent years; digital payments made absolutely simple.
However, UPI currently has a lot of problems. Number one is that to use UPI as a payment method for your product you have to integrate with one of India's banks, which in my experience are almost uniformly technically very bad. They provide almost no documentation, have frequent and often severe service outages, and don't even come close to meeting their availability SLAs. I'm sure over time it will improve but as it stands many of India's banks are not technically capable enough to support UPI with the level of reliability that most businesses require.