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Changes to Stripe Billing

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Re: Changes to Stripe Billing

#21

Post by giancarlostoro »

toomuchtodo wrote: post #16
dinobones wrote: post #12

I love Stripe, blah blah blah, Stripe has "good" le docs and good dev experience and w/e. But now that they have market share they are seemingly becoming more greedy. I think they are overplaying their hand. There's no reason that these charges should be %-based. And I'm almost certain for large enterprise customers they're not; there's probably custom negotiated contracts for those cases. I hope we get more players…

They are in a valuation trap based on forward looking fundamentals.

I don't get why every tech company wants to IPO especially profitable ones. I'd much rather stay private with my money factory, and if I need some loans to expand, then so be it. Microsoft did it for Azure, look how well that worked out. I feel like a lot of companies do worse after going on the Stock Market. The stock market is where long term companies go to be screwed on a whim.

Re: Changes to Stripe Billing

#22

Post by mort96 »

lotsofpulp wrote: post #18
mort96 wrote: post #14

Earlier quoted context omitted.

No, the % symbol means percent

I thought percent, percentage, and percentage points are all the same thing.

Well today's an excellent day to learn something new :D

This wiki page has more info on the difference between percentages and percentage points: https://en.wikipedia.org/wiki/Percentage_point

Re: Changes to Stripe Billing

#23

Post by lotsofpulp »

mort96 wrote: post #22
lotsofpulp wrote: post #18

Earlier quoted context omitted.

I thought percent, percentage, and percentage points are all the same thing.

Well today's an excellent day to learn something new :D This wiki page has more info on the difference between percentages and percentage points: https://en.wikipedia.org/wiki/Percentage_point

Thanks!

Re: Changes to Stripe Billing

#24

Post by vehemenz »

mort96 wrote: post #10
lotsofpulp wrote: post #6

Earlier quoted context omitted.

I would phrase that as a 0.3% increase in fees.

You would phrase it incorrectly then? That's 0.3 percentage points, but 60%

It’s more a matter of interpretation than correctnesss. If we’re not being deliberately obtuse, “absolute” and “relative” would go a long way toward disambiguation here.

Re: Changes to Stripe Billing

#26

Post by toomuchtodo »

giancarlostoro wrote: post #21
toomuchtodo wrote: post #16

Earlier quoted context omitted.

They are in a valuation trap based on forward looking fundamentals.

I don't get why every tech company wants to IPO especially profitable ones. I'd much rather stay private with my money factory, and if I need some loans to expand, then so be it. Microsoft did it for Azure, look how well that worked out. I feel like a lot of companies do worse after going on the Stock Market. The stock market is where long term companies go to be screwed on a whim.

When you IPO, you’re getting wealthy off of Other People’s Money flowing in creating liquidity. When you have to buy out existing cap table folks (either through enterprise cashflow or financing), it becomes harder. An artifact of ZIRP evaporating after entire businesses were built on the VC IPO flip model (and profitability becoming king over growth at any cost).

Very similar to the PE crunch currently in progress for the same reason: interest rates that rose fast and will remain higher for longer.

It will take time for everyone’s expectations and actions to reach the new macro reality, with current participants attempting to "find a way out" that is most favorable for the circumstances.

Re: Changes to Stripe Billing

#28

Post by lobsterthief »

giancarlostoro wrote: post #21
toomuchtodo wrote: post #16

Earlier quoted context omitted.

They are in a valuation trap based on forward looking fundamentals.

I don't get why every tech company wants to IPO especially profitable ones. I'd much rather stay private with my money factory, and if I need some loans to expand, then so be it. Microsoft did it for Azure, look how well that worked out. I feel like a lot of companies do worse after going on the Stock Market. The stock market is where long term companies go to be screwed on a whim.

Because the employees at these companies don’t share in the “money factory” mentality. Personally I’d rather work somewhere and get paid well and have stability, but unfortunately most businesses just pay “market” which is on par with those who offer options.

Re: Changes to Stripe Billing

#29

Post by softwaredoug »

giancarlostoro wrote: post #21
toomuchtodo wrote: post #16

Earlier quoted context omitted.

They are in a valuation trap based on forward looking fundamentals.

I don't get why every tech company wants to IPO especially profitable ones. I'd much rather stay private with my money factory, and if I need some loans to expand, then so be it. Microsoft did it for Azure, look how well that worked out. I feel like a lot of companies do worse after going on the Stock Market. The stock market is where long term companies go to be screwed on a whim.

When you're a VC, you expect 9 out of 10 to utterly fail. So you need that 1 out of 10 to turn into a high-growth Unicorn.

Re: Changes to Stripe Billing

#30

Post by lobsterthief »

lotsofpulp wrote: post #23
mort96 wrote: post #22

Earlier quoted context omitted.

Well today's an excellent day to learn something new :D This wiki page has more info on the difference between percentages and percentage points: https://en.wikipedia.org/wiki/Percentage_point

Thanks!

And thank you for admitting you didn’t know something rather than digging your heels in :) Shows a lot of courage and willingness to grow and learn.
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