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Ask HN: Why is Docusign a $50B company?

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11–20 of 348 posts

Re: Ask HN: Why is Docusign a $50B company?

#12

A Docusign hack would be downright amazing. Among other things, you'd probably get to see how much big oil pays direct to dictators, or (more likely) the entities they control.

It seems unlikely that a big oil company would rely on Docusign for serious skulduggery. They'd send couriers and the like for that.

Re: Ask HN: Why is Docusign a $50B company?

#14
Because the market is batshit insane right now. Been investing for 30 years (started right after the Savings and Loan Scandal bust in the late 80's), and the insanity dwarfs the Dot Com bubble. People who don't understand the basics of investing always joke about how it is a casino, and that was always a little true, but now it is massively true.

Re: Ask HN: Why is Docusign a $50B company?

#15
First a disclaimer: I am no lawyer, but I am one of the co-founders of Skribble[0], an e-signature provider from Switzerland.

I don't want to go into details but depending on which country you need your signatures to be legally binding and the type of contract you are signing, you might need a higher signature standard than the one you get from DocuSign.

At Skribble we offer all 3 signature standards defined by the European law. The lowest standard is very similar to what you get from DocuSign.

Also, at Skribble you get 2 signatures per month for free and a pay-as-you-go model for individuals.

I'd be happy if you give it a try at [1].

[0] https://www.skribble.com/en-eu/ [1] https://my.skribble.com/signup/

Re: Ask HN: Why is Docusign a $50B company?

#19
Now really sure that it'll help you, but in Kazakhstan digital signatures can be legally significant (have equal significance as hand-written signatures) in case if several requirements are met.

One of the requirements is that certificate has to be issued by accredited CA. And there is one such CA - National CA (https://pki.gov.kz/), it issues such certificates for free.

Also there is a service that allows anyone to sign any file using a certificate issued by National CA - https://sigex.kz, thus making it legally significant. It's free for use (except for heavy RPS enterprise users and the ones, how need support).

So in Kazakhstan you can do e-docs signed by e-signs totally for free.

P.S.: Pardon, but the links are in Russian.

Re: Ask HN: Why is Docusign a $50B company?

#20
Because there is a natural monopoly in being a trusted provider of legal transaction services. Both for integrations and for the fact that no one wants to risk their job saving a few dollars on digital signatures. And no one wants to explain to a future acquirer / legal inquiry / judge / whatever that they are using some weird alternative. “We process the contracts with Docusign” is a safe thing to say. If that wasn’t good enough, a whole lot of other people would also be in trouble, so the collective hallucination that is our legal system will support it.
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