Stripe valuation soars to $95B after latest fundraising • Hacker News Board

Re: Stripe valuation soars to $95B after latest fundraising

#61

Post by lr4444lr » Sun, Mar 14, 2021, 11:16 PM UTC

Graffur wrote: post #3

What is Stripe's moat? It's developer friendly but from my experience management will only care about the cost.

That's pretty relevant though: if you're doing large order volume, the "cheaper" option maybe isn't anymore if you need a multiple of the dev effort to build and maintain it, especially if it's all proprietary stuff that you can't really do without specialized consulting firms charging a boatload. I don't think there are any close competitors at the price point and in-house or commodity contractor developer friendliness as Stripe. It's really a fine platform

Re: Stripe valuation soars to $95B after latest fundraising

#62

Post by p1necone » Sun, Mar 14, 2021, 11:19 PM UTC

cecida wrote: post #54

Stripe are an engineering first company. You even see the Collison brothers posting here on a regular basis. Creating great tech is built into the DNA of the company. Great to see them investing further in their home country as well, and mentioning that some of their global leadership team will be based in Dublin.

Ireland is also a tax haven, but sure, they're benevolently investing in their home country, that's totally what it is.

Re: Stripe valuation soars to $95B after latest fundraising

#63

Post by warent » Sun, Mar 14, 2021, 11:23 PM UTC

p1necone wrote: post #62

cecida wrote: post #54

Stripe are an engineering first company. You even see the Collison brothers posting here on a regular basis. Creating great tech is built into the DNA of the company. Great to see them investing further in their home country as well, and mentioning that some of their global leadership team will be based in Dublin.

Ireland is also a tax haven, but sure, they're benevolently investing in their home country, that's totally what it is.

They never implied anything about motive. Really, why does motive even matter? Opposing motives can meet on the same positive result. It happens all the time with humans; whether it's two friends, or a corporation of 50,000 people, or a nation of 300 million.

Your pessimism seems to ignore the fact that this is a good thing regardless.

Re: Stripe valuation soars to $95B after latest fundraising

#64

Post by ergocoder » Sun, Mar 14, 2021, 11:24 PM UTC

p1necone wrote: post #62

cecida wrote: post #54

Stripe are an engineering first company. You even see the Collison brothers posting here on a regular basis. Creating great tech is built into the DNA of the company. Great to see them investing further in their home country as well, and mentioning that some of their global leadership team will be based in Dublin.

Ireland is also a tax haven, but sure, they're benevolently investing in their home country, that's totally what it is.

It's an added benefit. That's good, no?

Or are you saying all Irish businesses are bad because they are based in the tax haven.

If you don't invest in developing your home country, which country should you focus on? Or we can throw a dart at a map and choose whatever country the dart lands on?

Re: Stripe valuation soars to $95B after latest fundraising

#65

Post by moneywoes » Sun, Mar 14, 2021, 11:24 PM UTC

masom wrote: post #49

ampdepolymerase wrote: post #31

Earlier quoted context omitted.

Shopify already has a first party processor, but they are not available to non-shopify customers.

We use Stripe...

Yeah like don’t y’all partner with them? On the other hand, could Square compete?

Re: Stripe valuation soars to $95B after latest fundraising

#66

Post by jackson1442 » Sun, Mar 14, 2021, 11:30 PM UTC

ceejayoz wrote: post #9

heavyset_go wrote: post #6

I'm building a non-profit and Stripe fees eat into donations. Are there any good Stripe alternatives out there?

The underlying issue is credit cards have interchange fees, which aren't going away anytime soon. PayPal offers a slightly lower transaction rate to non-profits ( https://www.paypal.com/us/non-profit/fundraising/fundraising... ) and Stripe appears to have similar (no rates disclosed; https://support.stripe.com/questions/fee-discount-for-nonpro... ) but you're not gonna get to zero with anyone. There's always acceptin…

Did some research a while ago, I believe the Stripe nonprofit fee is unofficially 2.2% + $0.30 on the first 15k/yr, but they may negotiate with you to find something in between that and standard.

You do, of course, have to pay Interchange fees no matter what, there's no way to get to 0-fee with a card payment.

Re: Stripe valuation soars to $95B after latest fundraising

#67

Post by edoceo » Sun, Mar 14, 2021, 11:30 PM UTC

ergocoder wrote: post #64

p1necone wrote: post #62

Earlier quoted context omitted.

Ireland is also a tax haven, but sure, they're benevolently investing in their home country, that's totally what it is.

It's an added benefit. That's good, no? Or are you saying all Irish businesses are bad because they are based in the tax haven. If you don't invest in developing your home country, which country should you focus on? Or we can throw a dart at a map and choose whatever country the dart lands on?

The dart idea might give us better distribution?

Throw a dart and solve problems/invest in solutions for where it sticks. Mostly be fixing ocean problems but I'm OK with that.

Re: Stripe valuation soars to $95B after latest fundraising

#68

Post by cecida » Sun, Mar 14, 2021, 11:35 PM UTC

p1necone wrote: post #62

cecida wrote: post #54

Stripe are an engineering first company. You even see the Collison brothers posting here on a regular basis. Creating great tech is built into the DNA of the company. Great to see them investing further in their home country as well, and mentioning that some of their global leadership team will be based in Dublin.

Ireland is also a tax haven, but sure, they're benevolently investing in their home country, that's totally what it is.

Most of the loop holes have been closed in Ireland over the past few years. I'd look at the Netherlands, Malta or Luxembourg these days if you're looking for shady booking accounting practices.

It helps that the Collisons' are from Ireland, but there's also a highly educated workforce, native English speakers, a pro-business government, world class backbone internet connectivity, favourable timezone, plenty of renewables on the electricity grid.

Re: Stripe valuation soars to $95B after latest fundraising

#69

Post by edoceo » Sun, Mar 14, 2021, 11:36 PM UTC

polote wrote: post #40

davej wrote: post #36

Particularly interesting that the Irish sovereign treasury is co-leading this round.

Leading a round of 600M at a 95 valuation, They did not even took 1% of the company. Is that still leading ?

Yes. They are the biggest chunk of this round, making it the round-leader, not a majority shareholder.

Re: Stripe valuation soars to $95B after latest fundraising

#70

Post by edoceo » Sun, Mar 14, 2021, 11:38 PM UTC

bitcoinGod88 wrote: post #52

How is stripe not bigger than PP.. i swear few people use pp these days

Stripe blocks some people who then have to use PayPal, also PP has been around for 20 years and expanded beyond payments, like what Stripe will be doing going forward.