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Stripe responds to the Financial Connections/Plaid kerfuffle

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Re: Stripe responds to the Financial Connections/Plaid kerfuffle

#151

Post by darkerside »

sillysaurusx wrote: post #123
unethical_ban wrote: post #111

Earlier quoted context omitted.

Speaking of effective communication, I don't think your tone effectively persuades skeptical listeners. You are on a forum of Internet randos, having a polite discussion.

I’ll attempt to gently point out something that’s important to me: this is also an example of how males discuss things. It’s very difficult to bring up this topic in a constructive, thoughtful, and impactful way. But I urge you to really sit down and think carefully about it, even for a few minutes. His tone was the tone I used to use. I still do, sometimes. I have to catch myself, because old habits are hard to brea…

Please see my other response to your peer comment. It's a better example of how I typically communicate and describes why I chose to say what I did in the more controversial comment I posted.

I agree with everything you said, and I'd add that this is not unique to women. There are many creators who don't want to operate in a bro culture.

Personally, I consider it a strength to be able to work with _all kinds of people_, and communicate in ways that are effective to each of them.

Edit to add: My default communication is more inclusive. But there are definitely situations where a leader needs to be aggressive (e.g. against an external threat), and failure to do so can jeopardize the well-being of your own employees who aren't prone to that communication style themselves.

Re: Stripe responds to the Financial Connections/Plaid kerfuffle

#152

Post by jonny_eh »

darkerside wrote: post #96
SnowHill9902 wrote: post #86

Earlier quoted context omitted.

Ideas are not free. Good execution is better than good ideas alone, true. But ideas can definitely be worth a lot.

Any sufficiently good idea is really hard to communicate but really easy to demonstrate. That means you get a head start, but the next person gets it for free. That head start is your time to build a business with a moat. If you haven't done it by then, the next person will.

> Any sufficiently good idea

There are all sorts of good ideas. Some are easy to communicate, some demonstrate, some both, some neither.

Re: Stripe responds to the Financial Connections/Plaid kerfuffle

#153

Post by jonny_eh »

benjaminwootton wrote: post #75
rchaud wrote: post #62

Earlier quoted context omitted.

Yeesh, I'm glad he didn't say that. What a vapid soundbite. I don't mean that to reflect on you, you worded it exactly as a CEO would. "We welcome competition", what a joke!

A lot of CEOs say this platitude. They are initially worried, but it often turns out to be good news because it accelerates or is a sign of a growing market.

See: Zuckerberg's response to the launch of Google Plus.

Re: Stripe responds to the Financial Connections/Plaid kerfuffle

#154

Post by CPLX »

jonny_eh wrote: post #149
CPLX wrote: post #132

Earlier quoted context omitted.

I think his phrasing is also grammatical English. The degree to which it sounds right or wrong is probably idiomatic. "it's a blow to the chest for Plaid" is a coherent phrase "I don't think anyone would argue that" is a coherent phrase that contains a pronoun, "that." The antecedent of this pronoun is that first phrase. I don't think anyone would argue X can mean the statement X is so true nobody would argue it. An…

> is so true nobody would argue it. You mean: is so true nobody would argue AGAINST it. The ambiguity is whether argue means FOR or AGAINST.

Indeed. Which makes the sentence work.

Re: Stripe responds to the Financial Connections/Plaid kerfuffle

#155

Post by geraldwhen »

milesskorpen wrote: post #129
sangnoir wrote: post #105

Earlier quoted context omitted.

> IME, Plaid is lightyears ahead in terms of reliability and overall developer and end-user experience. I regret handing over my bank login details to Plaid, since they scraped my bank statements without stating so upfront and offered that information to 3rd parties (indirectly, as a score of some sort, IIRC, but that's scraping very personal information). When I mentioned it on HN a year or 2 ago, someone who works…

The class action was settled — which just means it was cheaper to settle than to fight in court, not that there was wrong doing. This kind of thing is very very common, and the settlement amount was modest in the scheme of class action settlements. Plaid is pretty clear in their privacy policy that they DO NOT repackage and resell data (they do sell data - as in, when you use Plaid to give your banking info to a mort…

Not really. APIs cost money to develop, and people, and time. And many large banks don’t have robust engineering teams that can tackle new challenges or support a public api.

Small projects as you might imagine are measured in years, not days or months.

An API like you describe could take half a decade to build, at the cost of hundreds of millions of dollars. These are not fake numbers or estimates. This is what it would cost.

When you think big finance, think government.

Re: Stripe responds to the Financial Connections/Plaid kerfuffle

#156

Post by ergocoder »

I'm surprised that all the comments here are not about how Plaid CEO maliciously misled people.

"Interview" turns out to be a job interview before Jay even joined Stripe back in 2014. Jay started working on this product in 2019.

"RFP" turns out to be a regular RFP where Stripe wants to integrate with multiple partners like MX and finicity.

In the past few years, Plaid CEO and Plaid requested meetings with Jay. Jay never initiated those meetings.

Now Plaid CEO has deleted the tweet and acted like Stripe Mafia has got to him. LOL

Plaid CEO has very low ethics, it seems.

Re: Stripe responds to the Financial Connections/Plaid kerfuffle

#157

Post by rabidonrails »

Jcowell wrote: post #46
bestcoder69 wrote: post #36

Earlier quoted context omitted.

Please… my violin can’t get any tinier or we risk splitting the atom.

I don’t think OP isn’t asking for sympathy but empathy? Is this the name of the game ? Yeah it is , always has , always will be. Does it suck for the loser ? Yes for course.

First, I think you hit the nail on the head in:Is this the name of the game ? Yeah it is , always has , always will be. Does it suck for the loser ? Yes for course.

However, I didn't really ask for anything. In fact, what I think that bestcoder69 is missing is that the person who is asking/showing empathy is actually PC.

If we look at what he wrote, he doesn't just come out and say something like tough luck for them, this is business, instead he says things like "we could have handled this better" and "...will retro this next week" and then lays out what the lessons should be for his team_

Just because empathy is important in business doesn't mean you aren't allowed to win.

Re: Stripe responds to the Financial Connections/Plaid kerfuffle

#158

Post by lvl102 »

ergocoder wrote: post #156

I'm surprised that all the comments here are not about how Plaid CEO maliciously misled people. "Interview" turns out to be a job interview before Jay even joined Stripe back in 2014. Jay started working on this product in 2019. "RFP" turns out to be a regular RFP where Stripe wants to integrate with multiple partners like MX and finicity. In the past few years, Plaid CEO and Plaid requested meetings with Jay. Jay ne…

They’re both suspect in my view.

Re: Stripe responds to the Financial Connections/Plaid kerfuffle

#159

Post by dylan604 »

endisneigh wrote: post #29
dylan604 wrote: post #13

Earlier quoted context omitted.

>we are literally clicking on images filled with text as a way to share… text. In this case, it sounds like the original post was removed, so the only thing left would be images types of things. Also, does an image/screengrab add any more validity to something rather than text quoted on another page/site?

It’s not about validity, it’s about accessibility. For example in the image there’s a link which can’t be clicked because the info wasn’t included

Just pretend it's your mom bringing you a sheet of paper she printed of the website she wanted to show you, or worse, the ambitious mom that then rescanned the printout so she could email it to you.

Re: Stripe responds to the Financial Connections/Plaid kerfuffle

#160

Post by mbesto »

SnowHill9902 wrote: post #86
darkerside wrote: post #38

Earlier quoted context omitted.

CEOs are literally paid to deal with these emotions constructively. In this case, that would have looked like welcoming a competitor to the space and being ready to win on execution, because ideas are free.

Ideas are not free. Good execution is better than good ideas alone, true. But ideas can definitely be worth a lot.

Is there an eBay/Amazon for ideas? Didn't think so.

Ideas are worthless.

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