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PayPal Acquires Braintree for $800M

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Re: PayPal Acquires Braintree for $800M

#101

Post by jacquesm »

jusben1369 wrote: post #94
rafski wrote: post #83

"Speaking to RTÉ News in Dublin, Stripe chief executive Patrick Collison said he and brother John have no plans to sell the company. He said they already have experience of selling a company early in their careers and saw what that involves." http://www.rte.ie/news/business/2013/0903/471900-stripe-laun... The video interviews with Patrick are worth a look too. Patrick is 24, his brother is even younger. I am with Str…

"Speaking to RTE News in Dublin, Stripe chief executive Patrick Collison said he and brother John plan to sell as soon as possible at the largest possible price". If you can't imagine the opposite quote ever happening then there's no point putting much weight on the initial one - no matter what the circumstance.

Except that that wasn't the quote.

Re: PayPal Acquires Braintree for $800M

#102

Post by amorphid »

Ixiaus wrote: post #55

Boy, everyone is so negative about the purchase on here! Braintree's customer base is far too large at this point for PayPal to just shut it down ; that would be terrible PR because Braintree is critical to many businesses at this point. It's also not that easy to just go rip out one processor for another on a huge legacy code base. PayPal would be making things worse for themselves if they did that and this purchase…

I'm with you Ixiaus. Congrats to everyone everyone at Braintree!

Re: PayPal Acquires Braintree for $800M

#103

Post by random42 »

rafski wrote: post #95
Ecio78 wrote: post #54

Earlier quoted context omitted.

If Paypal doesn't buy them too.. according to this article[1] the valuation is 500m, so less than what PP paid for Braintree.. [1] http://www.independent.ie/irish-news/brothers-vow-not-to-sel...

Doesn't this article say specifically Stripe is not for sale? I don't know if there are other investors than Y Combinator though, there might be one that will push for a sale.

At the right price, everything is for sale. Not let anyone tell you otherwise...

Re: PayPal Acquires Braintree for $800M

#104

Post by pc »

jacquesm wrote: post #75

The big winner here is not Braintree (though all the founders and current investors are to be congratulated) but Stripe. PC & Co, keep at it :)

Thanks! We will :).

(Today belongs to Braintree, as you say -- congrats to all of the folks connected with the company.)

Re: PayPal Acquires Braintree for $800M

#105

Post by tg3 »

yesplorer wrote: post #92
yogo wrote: post #88

Earlier quoted context omitted.

Right now Braintree is a big winner. They built a great alternative and successfully exited. Longer term it does make things very favorable for Stripe.

they built an alternative and ended up at where they are supposed to be alternative to.. that doesn't sound like a big winner to me

unless they change PayPal for the better. If PayPal ends up more Braintree than before, I'd say Braintree got a nice exit and accomplished their goals.

Re: PayPal Acquires Braintree for $800M

#106

Post by droopyEyelids »

jfoster wrote: post #47
dcc1 wrote: post #32

Paypal will kill it, PAYPAL are the absolute worst company in the world and terrible to for any new businesses who endup having their money "held" for ridiculous amounts of time, and no customer support.

Why do you think PayPal bought them? It probably wasn't solely for the userbase, right?

My take:

1) Braintree is a dog fart compared to paypal. They certainly weren't bought for the user base. (although, their size probably probably affected the choice between stripe and bt)

2) David Marcus was acquihired from a team of 5 (a 'real startup') and has been working to startupify paypal. [1] Perhaps he thinks Braintree could be an example to the rest of the company.

3) Venmo is the most successful peer to peer mobile payments app. Peer to peer mobile payments will transition into wallet, and then banking. It's an important position to own.

4) Paypal's customer base is 'aging' like yahoo's has been. Braintree has a younger, hipper market segment (than paypal).

5) Stripe is cooler than braintree, but another order of magnitude smaller, plus they don't have the white-glove support of Braintree. From what I've heard, DM is continuously frustrated by Paypal's support. I believe BT's support is seen as a learning opportunity for PayPal. Also, Braintree was able to successfully copy all Stripe's innovations. Braintree has large, mature intl. presence, too.

Not an expert but thats my attempt to be 'objective'

[1]http://pandodaily.com/2013/08/12/if-its-not-broke-break-it-h...

Re: PayPal Acquires Braintree for $800M

#107

Post by jacquesm »

pc wrote: post #104
jacquesm wrote: post #75

The big winner here is not Braintree (though all the founders and current investors are to be congratulated) but Stripe. PC & Co, keep at it :)

Thanks! We will :). (Today belongs to Braintree, as you say -- congrats to all of the folks connected with the company.)

Braintree, check, Ogone, Check. Who is next?

Re: PayPal Acquires Braintree for $800M

#109

Post by pc »

rafski wrote: post #95
Ecio78 wrote: post #54

Earlier quoted context omitted.

If Paypal doesn't buy them too.. according to this article[1] the valuation is 500m, so less than what PP paid for Braintree.. [1] http://www.independent.ie/irish-news/brothers-vow-not-to-sel...

Doesn't this article say specifically Stripe is not for sale? I don't know if there are other investors than Y Combinator though, there might be one that will push for a sale.

> I don't know if there are other investors than Y Combinator though, there might be one that will push for a sale.

We do have other investors, but (luckily) they're as uninterested in selling as we are. We've always been clear with them that we want to build this for the long-term.

Re: PayPal Acquires Braintree for $800M

#110

Post by badclient »

dangerlibrary wrote: post #91
badclient wrote: post #85

Earlier quoted context omitted.

Show me a company working as a purely Internet bank of sorts and I'll show you a company with pissed off customers. Truth is, this business is very hard. For every time Paypal misidentifies a target and blocks their payments, they correctly identify scammers many more times. We tend to think "is it that hard to tell a scammer from blah legit site ?". The answer is yes because guess what scammers are thinking everyday…

Ally Bank seems to be doing pretty darn well...

Ally Bank also makes your account next to useless until you go through a very tedious verification process from the get go. In my case, they mailed me some documents that unsurprisingly I never ended up bothering with.

On the other hand you can sign up and begin using paypal in minutes.

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