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I thought Atlas was pretty comparable to Clerky. What does Clerky do that Atlas doesn’t to justify the acquisition?
Have customers and marketing
Huge congrats to Clerky. They've been doing thins for a very long time, and have awesome support + a solid product (that just... does what it's supposed to do). Congrats Darby and team!
What’s with all these acquisitions? Stripe realizing it’s going to slowly become PayPal 2.0 because infinite growth doesn’t exist?
What’s with all these acquisitions? Stripe realizing it’s going to slowly become PayPal 2.0 because infinite growth doesn’t exist?
What’s with all these acquisitions? Stripe realizing it’s going to slowly become PayPal 2.0 because infinite growth doesn’t exist?
Doing just payments is a really low margin industry, and the larger the contract you are after, the lower the margins. Therefore, it makes a lot of sense to try to sign up startups, as their growth is your growth. And to win in the startup market, you don't win by lowest costs, but by how much generic work you can save them. Cut their headaches, and they'll be happy giving you a wider cut. Thus, a million little acqu…
There are also a couple of advantages. They can take money directly from revenue before it leaves Stripes and without any processing costs. They can also invest into startups through credits and financing. And finally, their exposure to bankruptcy risk can drop as well.
I thought Atlas was pretty comparable to Clerky. What does Clerky do that Atlas doesn’t to justify the acquisition?
I gave up and went with Clerky, paid them $800 lifetime fee, and had things done the same day. A few years later I needed to change the name of my corporation and their support made it an absolute painless breeze.
So, I understand things change over 6 years, but Stripe Atlas was vaporware garbage when I attempted to use it.
But thanks for wording the press release as "company X acquired company Y", and not some weasely lingo line like "Y is joining the X family".
Clerky is great, Stripe is really buying all of the great product companies. I feel like with Clerky and Stripe Atlas they, Stripe now controls all of the early incorporation infrastructure now. This feels deeply problematic.
> controls all of the early incorporation infrastructure You don't need to rely on Stripe to do anything. There are other payment gateways, and you can file things yourself (or hire someone). Do they make things very easy and accessible for a smaller fee than doing it yourself, yes.
Unsure how much I trust my searches for this kind of stuff on the web lately
Earlier quoted context omitted.
Have customers and marketing
R.e. customers: Atlas accounts for a quarter of Delaware incorporations ( https://x.com/jeff_weinstein/status/2023891497792532950?s=20 ). But yes, Clerky does have additional capabilities, as others point in.
Seems like the easiest way to grow Atlas.