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Stripe Is Now a $20B Company

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Re: Stripe Is Now a $20B Company

#141

Post by tome »

joshmn wrote: post #108
edwinwee wrote: post #93

Earlier quoted context omitted.

(I work at Stripe.) I'm really sorry to hear that...we do want to be available here any way we can, but something must've went wrong. I'd love to find out. Could you email me at edwin@stripe.com?

We've spoken Edwin. After our first exchange I didn't hear back from you. The first exchange was great, and unexpected, and maybe it set the bar a little too high. If you didn't have an answer, or had a bad answer, saying anything is better than saying nothing at all. You unintentionally proved my point. It's not like I'm hiding behind this username. I just emailed you and the other relevant parties. Going on the rec…

I'm looking forward to seeing how this one plays out!

Re: Stripe Is Now a $20B Company

#143

Post by pxtail »

cloakedarbiter wrote: post #2

> Several large new customers have also been listed on Stripe's website this week, including Alphabet Inc.’s Google and Uber Technologies Inc. If Uber is now running payments exclusively through Stripe instead of Braintree, that is a significant blow. I heard that Uber's payments through Braintree was a significant portion of Braintree's total revenue, don't recall the exact number I heard, but it was something on th…

I'm wondering when somebody from Braintree/PayPal will wake up and realize that this "developers first" strategy pays of and actually works.

Re: Stripe Is Now a $20B Company

#144

Post by saadsg »

aacook wrote: post #132
saadsg wrote: post #122

Earlier quoted context omitted.

How long did the Atlas setup took you? Few weeks? Update: Just saw your landing page. Pretty cool concept :)

I used them a few months ago, before startup school. I can't remember the turnaround time as I had a wedding on the horizon and that time is a blur, but I remember it being reasonable and delightful. It's totally worth the price. Doing paperwork is the last thing I want to be doing. On my last startup I must've filed for tax extensions for almost 10 years in a row. I love Stripe for removing all of those headaches.

Ah makes sense. I just signed up with them. So wondering how long it may take me. Did you also get the SV bank account through them?

Re: Stripe Is Now a $20B Company

#146

Post by rawoke083600 »

collision wrote: post #37
neximo64 wrote: post #30

Now only if it didn’t take 7 days to get your payment processed

Which country are you in? We're working on speeding up payout times around the world -- it's something people are (rightly) very sensitive to. If you email me at john@stripe.com I can look into it for you.

Hi John, using this opportunity to ask when you guys coming to South Africa? We REALLY need some international processing here

Re: Stripe Is Now a $20B Company

#147

Post by meekaaku »

adventured wrote: post #110
byron_fast wrote: post #89

Earlier quoted context omitted.

Well in this case their API is backed by a connection to credit card systems... the hard part. The card companies could have done it, but they needed Stripe to show how obvious it is.

The reason Stripe exists is because the card companies couldn't do it. They were incompetent, unimaginative, lazy, slow, arrogant, etc. Exactly what you typically see out of entrenched goliaths. It's the same reason several of them that have tried can't catch up with Stripe, despite trying for years, despite vast resources, and despite Stripe showing them how to do it. It's only in a non-reality-touching theory that…

This is soo true. One of the best comments I have seen on HN.

Thanks.

Re: Stripe Is Now a $20B Company

#148

Post by adtac »

roel_v wrote: post #139
adtac wrote: post #127

Earlier quoted context omitted.

In transactions, is it typical to just create new stock such that the newly created stock is 1.225% of the final total? Would the previous investors agree to diluting their stock like that? Or is it common to sell from a common pool of stock that's owned by the company (who is that? the CEO? what is the company if not for the stock distribution?)?

You should read a book on this, it's not something that someone can/will explain in a one off paragraph comment.

Any recommendations? Thanks!

Re: Stripe Is Now a $20B Company

#149

Post by aacook »

saadsg wrote: post #144
aacook wrote: post #132

Earlier quoted context omitted.

I used them a few months ago, before startup school. I can't remember the turnaround time as I had a wedding on the horizon and that time is a blur, but I remember it being reasonable and delightful. It's totally worth the price. Doing paperwork is the last thing I want to be doing. On my last startup I must've filed for tax extensions for almost 10 years in a row. I love Stripe for removing all of those headaches.

Ah makes sense. I just signed up with them. So wondering how long it may take me. Did you also get the SV bank account through them?

I tried finding a confirmation / "you're done" email from them but can't find it, so I'm not sure how long it took. I did end up getting the SV bank hooked up but haven't moved everything over there yet.

Re: Stripe Is Now a $20B Company

#150

Post by sah2ed »

jm20 wrote: post #64
chadash wrote: post #51

Earlier quoted context omitted.

And this is why Y Combinator may not be right for your startup. The 100 billion dollars of valuation listed on YC's website may not be up to date, but it's clear that the top 10% of companies make up the overwhelming majority of their portfolio. So they go for moonshots. And they also invest in multiple competitors in the same space in the hopes that one will pan out. So if you're building the kind of company that mi…

YC does not invest in multiple competitors 'in the hopes that one will pan out'. They just don't use competition as an exclusionary criterea like many VCs do. They invest in founders first and ideas second. When the idea is a secondary metric, inevitably you end up with competitors. Sometimes they even end up with competitors anyway, just because the founders pivot.

> They just don't use competition as an exclusionary criterea like many VCs do.

YC, originally started as Summer Founders Program [0], was an experiment to help PG & JL allocate seed capital differently from the norm.

So the reason why "investing in competitors" makes sense for YC as a VC firm is because YC invests a tiny fraction of $1m at the earliest stage in the life of a company, similar to the dollar amounts an angel investor would commit to a fledging startup.

Angel investing dollar amounts are an order of magnitude lower than what VCs typically invest because they invest at the growth or late stage, where an idea has been shown to be viable -- at this stage -- the product matters as much as the team behind it and thus the capital requirements are higher, usually in 10x, 100x multiples of a $1m, depending on the opportunity.

IOW, VCs don't necessarily use competition as an "exclusionary criteria" as you imply, it is merely the consequence of the magnitude of the capital at risk due to the stage at which many of them choose participate in the startup lifecycle.

A VC having a portfolio of companies competiting for the same set of customers would only lead to capital erosion -- it wouldn't any make sense to allocate capital to multiple independent entities that have traction, to exploit what is essentially the same market opportunity.

[0] http://paulgraham.com/summerfounder.html

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