161–170 of 180 posts
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Why is it illegal? How would you invest in them if it were legal?
They are probably referring to not being an accredited investor. https://en.wikipedia.org/wiki/Accredited_investor
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I love Stripe as well, but one thing keeps me wondering - why do their bank payouts take so long? My company is based in Norway, and I see funds arriving a week after they are marked "on the way to your bank". Money get sent like that every day, but arrive only after a week from a local bank. I know that local bank transfers are reconciled multiple times a day, and I can't see why there is a delay. The money sending…
US banks (maybe most banks?) are just slow as hell from my experience. I pay several bills here in the USA from US banks to US banks / credit card companies and it takes a week for it to fully sync up on both my person bank account and on the statement balance. But if I were to pay with a debit card I would see the transaction instantly, though in such case it would say pending for days and days.
Stripe is the second most valuable YC company. Total valuation of all companies that YC funded (more than 1,900) now exceeds 100 billon dollars. Airbnb has a private valuation of 31 billion. Stripe has a private valuation of 20 billion. Dropbox has a public valuation (DBX) of 11 billion. So the two most valuable companies account for about half the total value of all the YC companies. This is what a power law looks l…
> 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…
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Crazy that Elon Musk's top 3 founded companies (PayPal, Tesla, SpaceX) are higher valuation than YC's top 3 investment companies (AirBnB, Stripe, Dropbox). Interestingly PayPal and Stripe are both competing for some of the same integrations. PayPal increased our revenues by 20% when we started using it in addition to Stripe.
Although only spacex is clearly Musk founded.
One could argue that Musk has acted like a very aggressive version of an angel or VC--finds promising young startups in growth industries, provides them with capital (or, in Musk's case, some capital and lots of sweat equity, to the point of getting himself listed as the CEO and over-shadowing the original founders), and helps them to blossom into a precious unicorn.
Either way, it's interesting to think of Musk's personal endeavours in comparison with a group like YC. I don't really know what conclusions I would draw though.
As a client, I love working with them. I never thought I'd say that about a payment processor. I get pitched lower rates by their competitors all the time, but their software sucks. Giving a refund on Authorize.net feels like I'm being forced to travel back to the 1990s web. Stripe's site is intuitive, their rates are good, they integrate easily with every software I use and their customer service speaks to me like h…
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The first principles changed. From Elad Gil in First Round Review: “In the tech world, particularly after PayPal was sold to eBay, the dogma for many years was ‘Don't ever do payments, it's too hard and fraud will blow up and destroy you.’ And during the first internet wave, that was true. It was a challenge to get the type of data and information you needed to really deal with fraud at scale,” he says. “But fast for…
> It seems that the fraud problems weren’t as bad as we thought Fraud is only as bad as we know. And it's very bad, payment providers just aren't going to go around telling you about it. I worked for a payment provider and it's very very difficult to eat fraud because it wipes out low-margin profits quickly. It's a tough dance - there isn't a lot of wiggle room between being too harsh in rejecting payments and being…
Stupid question: how does a $245 million dollars bring a company's valuation from $9 billion to $20 billion? Last I checked, $245 million =/= $11 billion
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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.
It would be great if they never go public.
They are a great example of how an API is all that really matters. Anyone could have done their biz, but they made a good API.