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Stripe Capital

stripe.com

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Re: Stripe Capital

#3

Post by jonknee »

Here's a twitter thread from John Collison detailing why they launched this. It sounds pretty innovative (not exactly a surprise considering it's Stripe!).

https://twitter.com/collision/status/1169660488374001664

> Since 2008, loans made to small businesses have decreased in absolute terms by 41%. Banks have been pulling back from SMB lending.

> When businesses can get a bank loan, they spend an average of 25 hours on paperwork and wait weeks or months for approval.

> For internet businesses, capital is vital to growth: for marketing spend, inventory, engineering, and much else.

> Stripe users report access to capital as one of the top factors affecting their growth.

Re: Stripe Capital

#5

Post by rglover »

This is really great to see. Makes the "should I get a loan for this" question a lot less cumbersome to answer—the repayment via percentage of sales is quite clever.

Re: Stripe Capital

#7

Post by qrazhan »

jonknee wrote: post #3

Here's a twitter thread from John Collison detailing why they launched this. It sounds pretty innovative (not exactly a surprise considering it's Stripe!). https://twitter.com/collision/status/1169660488374001664 > Since 2008, loans made to small businesses have decreased in absolute terms by 41%. Banks have been pulling back from SMB lending. > When businesses can get a bank loan, they spend an average of 25 hours o…

Square and PayPal both have similar offerings, which piece here do you feel is innovative?

(disclosure: I work at Square, but not on Capital.)

Re: Stripe Capital

#9

Post by ikeboy »

jonknee wrote: post #3

Here's a twitter thread from John Collison detailing why they launched this. It sounds pretty innovative (not exactly a surprise considering it's Stripe!). https://twitter.com/collision/status/1169660488374001664 > Since 2008, loans made to small businesses have decreased in absolute terms by 41%. Banks have been pulling back from SMB lending. > When businesses can get a bank loan, they spend an average of 25 hours o…

QuickBooks, PayPal, and Amazon all offer effectively the same product. Being the fourth (at least, I may be missing some) major player in a market doing the same thing as everyone else isn't innovative.
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