I wanted to build something on top of Lemon Squeezy because stripe banned patreon-like services. Are you gonna extend that to Lemon Squeezy?
> stripe banned patreon-like services
When did this happen?
Stripe acquires Lemon Squeezy
101–110 of 220 posts
Re: Stripe acquires Lemon Squeezy
#102Earlier quoted context omitted.
Stripe has a history of shutting down legit businesses and blocking payouts of their rightfully earned income, whilst also profiting off those frozen funds by investing it. Sad to see lemon squeezy acquired by stripe.
Stripe has a history of cutting off payments to businesses which are violating the TOS. Stripe's TOS is largely a result of rules in place by banks and credit card companies. If Stripe don't shut them off, they get shut off. To the extent they've made errors, I'd like to see you do better. The scale is enormous, there are fraudsters coming at you left and right. It's not an easy game to play.
Stripe is selective about which cannabis ancillary businesses they work with. Selective/preferential usage of the TOS.
Re: Stripe acquires Lemon Squeezy
#103Earlier quoted context omitted.
Stripe has a history of cutting off payments to businesses which are violating the TOS. Stripe's TOS is largely a result of rules in place by banks and credit card companies. If Stripe don't shut them off, they get shut off. To the extent they've made errors, I'd like to see you do better. The scale is enormous, there are fraudsters coming at you left and right. It's not an easy game to play.
Stripe is selective about which cannabis ancillary businesses they work with. Selective/preferential usage of the TOS.
Just like any contract, every single possible circumstance cannot be enumerated and at some point a judgement call is required.
Re: Stripe acquires Lemon Squeezy
#104This company screams “Stripe please buy me” so so much. From branding to the all UVP, it was a fast exit because it was meant to be. Still a massive achievement
Is that right? I hadn't noticed. I'm guessing that the design was such that it looked like Stripe, even if it wasn't officially a part of it (yet).
Re: Stripe acquires Lemon Squeezy
#105Earlier quoted context omitted.
Stripe has a history of shutting down legit businesses and blocking payouts of their rightfully earned income, whilst also profiting off those frozen funds by investing it. Sad to see lemon squeezy acquired by stripe.
I haven’t seen this happen to a legit business yet. Each time I’ve read about the business has been shady and violates the TOS. I don’t care for so much consolidation though.
At least half the times I've seen it someone "super apologetic" comes out and fixes the issue, so not sure how that tracks.
Re: Stripe acquires Lemon Squeezy
#106This company screams “Stripe please buy me” so so much. From branding to the all UVP, it was a fast exit because it was meant to be. Still a massive achievement
Totally and this is the problem with startup founders of today. Their minds are filled with liquidity and an exit event. Steve Jobs had famously said how pathetic that is. And Zuckerberg, love or hate him, turned down billion dollars. Selling your startup is not a good plan. Make it big, change the world, and swim in money.
Ok Scrooge McDuck
Re: Stripe acquires Lemon Squeezy
#107merchant of record was one of the few things that stripe was missing. i'd be pretty worried if i worked at paddle.
I agree, it is the only feature paddle has over stripe IMO. While having only monthly payouts, high fee, lower conversion
Re: Stripe acquires Lemon Squeezy
#108Earlier quoted context omitted.
> Is there a reason to choose LemonSqueezy over Stripe if you are located in the US? There hasn't been a single VAT-compliance case to my knowledge and the need for MoR is unclear. It's not just the EU that charges VAT (or VAT-like taxes). Most countries (and in the US's case, subregions within) charge some form of sales tax that's a pain to manage yourself if you're not a huge operation. Always good to comply with t…
US states have a minimum threshold of $100,000 and upwards so you can be compliant without having to worry about it until you start making larger revenue. Most startups never reach these generous thresholds in the first place.
As I understand it the threshold is usually $100,000 in revenue or 200 transactions (following the Wayfair decision), the latter of which is easily reached...
Re: Stripe acquires Lemon Squeezy
#109Earlier quoted context omitted.
A startup made for the purpose of acquisition was never a competitor. If you are willing to sell to the big player in your industry you are not competing, you are an opportunist. A startup that wants to compete will run very differently from a startup that wants to be purchased. A big whale company that gobbles up some of the fifty startups that only have like 2% of the market total is not a competitive market at all…
>A startup made for the purpose of acquisition was never a competitor You cannot get acquired unless you represent a percentage of market share, have IP which will lead to greater market share, and/or have employees who can expand market share for a product. >A big whale company that gobbles up some of the fifty startups that only have like 2% of the market total is not a competitive market at all. A big whale compan…
> A big whale company performing that many M&As to little startups is essentially fueling future competitors.
What an absolute load. They are stamping out competition, concentrating market power, and making red oceans even redder. If you were an investor I wouldn’t give you my money to gamble with.
Re: Stripe acquires Lemon Squeezy
#110>Nine months after our public launch in 2021, we surpassed $1M in ARR and never looked back.
>Along the way, we received many acquisition offers and (Series A) term sheets from investors. But despite the allure of these opportunities, we knew that what we had built was truly special and needed the right partner to take it to the next level.
Wow. This is quite the smart and ballsy move. Congrats to the team. Looks like y'all knew what you were doing.