Earlier quoted context omitted.
taking 2.9%+ of every sale is a lot though, no?
They’re not a monopoly
i didn’t say that. but it’s among the most expensive.
Stripe Hires AWS' Mike Clayville as Chief Revenue Officer
21–30 of 88 posts
Re: Stripe Hires AWS' Mike Clayville as Chief Revenue Officer
#22Earlier quoted context omitted.
>This is one of those deals where both Stripe and Mike come out better for it. ...is hiring not usually an event where employer and employee both benefit?
Often not, but it's considered rude to point out examples thereof.
Come on, stop making fun of Yahoo like that, it's been years now...
Re: Stripe Hires AWS' Mike Clayville as Chief Revenue Officer
#23Earlier quoted context omitted.
They’re not a monopoly
i didn’t say that. but it’s among the most expensive.
As you go higher in revenue it goes down
I much prefer a company that takes a slightly higher percentage and provides a great service
than the @#$# at Paypal who will freeze your accounts for reasons like 'your earnings are growing too fast' or 'you compete with our fellow silicon valley company'
Re: Stripe Hires AWS' Mike Clayville as Chief Revenue Officer
#24Re: Stripe Hires AWS' Mike Clayville as Chief Revenue Officer
#25Hey pc I love your engagement in the comment threads. Few leaders at billion dollar companies hop on the comment threads with such care. Thank you!
taking 2.9%+ of every sale is a lot though, no?
It is a fair bit, but for any credit or debit card transaction they’re actually taking on the risk of essentially fronting the cost of the transaction. Well really their partnering bank does, but if something happens they’re left covering that cost. They also have to split the profit with their collaborating bank and possibly the credit card companies. Nowadays I suspect the risk isn’t all all that high, or at least not 2.9 less slim profit margin high. So in the end 2.9% isn’t highway robbery but they’re also not working on slim margins.
Re: Stripe Hires AWS' Mike Clayville as Chief Revenue Officer
#26Earlier quoted context omitted.
taking 2.9%+ of every sale is a lot though, no?
It is a fair bit, but for any credit or debit card transaction they’re actually taking on the risk of essentially fronting the cost of the transaction. Well really their partnering bank does, but if something happens they’re left covering that cost. They also have to split the profit with their collaborating bank and possibly the credit card companies. Nowadays I suspect the risk isn’t all all that high, or at least…
costco offers payment processing for 1.99% + 25c (vs 2.9 + 30c), so quite a bit cheaper.
my point is that it’s entirely possible to offer the same thing for cheaper if your main concern is cost, especially for higher volume merchants, and not optimizing for developer experience https://www.costco.com/merchant-account.html
Re: Stripe Hires AWS' Mike Clayville as Chief Revenue Officer
#27We're excited to hire Mike in part because AWS has been one of the very best examples ever of simultaneously selling to the largest companies in the world while not giving up on a strong self-serve product. So many B2B companies end up with homepages for which the only CTAs are annoying variants of "read case study", "download whitepaper", and "request a call". All stock photography; no product imagery. Stripe's grow…
The number of companies (big ones, public ones!) where I can't for the life of me figure out what they sell from their website is truly astonishing. I understand that 1) if I can't understand it I'm not in their market, and 2) they probably want to be vague so they can sell their prospects whatever they ask for [1] but I still feel that they could gain a lot in the long term through brand awareness and people like be…
partly it is because in India you need licensing to sell fireworks , the demand is very very uneven, during Diwali season it is 10-30x compared to the rest of the year.
the fire hazard and pollution issues and till a while back child labour concerns as well is why it is regulated
The permanent year around sellers are few and serve as dealer than retailer . During the season they do both .
It was more sourcing a dealer on the fly and pretty common for fireworks .
Price is very fluctuating and there are huge markups due to the nature of demand .
Discerning buyers go to largest shop/wholesaler to get best price.
I knew a wholesaler/ early e-commerce player in this space (bigger players do not this due to regulatory challenges ). He will make his orders in January for delivery in august for season starting in sept/oct and typically paid 10%-15% list price at most.
Re: Stripe Hires AWS' Mike Clayville as Chief Revenue Officer
#28We're excited to hire Mike in part because AWS has been one of the very best examples ever of simultaneously selling to the largest companies in the world while not giving up on a strong self-serve product. So many B2B companies end up with homepages for which the only CTAs are annoying variants of "read case study", "download whitepaper", and "request a call". All stock photography; no product imagery. Stripe's grow…
One thing that could help with acquiring both self serve and enterprise customers would be effective, B2B focused Facebook ads. I have a ton of experience with scaling these for other big B2B tech companies, email is in my profile if that sounds interesting.
Re: Stripe Hires AWS' Mike Clayville as Chief Revenue Officer
#29Earlier quoted context omitted.
i didn’t say that. but it’s among the most expensive.
Price is what you pay, value is what you get. I’d happily pay more for my Stripe accounts. They make my life easy, and that has value.
it depends on what you value. most high volume businesses aren’t optimizing for developer happiness..they don’t want a business expense like payment processing taking 3% of every sale.
Re: Stripe Hires AWS' Mike Clayville as Chief Revenue Officer
#30Earlier quoted context omitted.
Price is what you pay, value is what you get. I’d happily pay more for my Stripe accounts. They make my life easy, and that has value.
it depends on what you value. most high volume businesses aren’t optimizing for developer happiness..they don’t want a business expense like payment processing taking 3% of every sale.
If you’re at high volume, you don’t pay Stripe retail rate.