Stripe raises $600M at nearly $36B valuation • Hacker News Board

Re: Stripe raises $600M at nearly $36B valuation

#281

Post by pc » Thu, Apr 16, 2020, 8:53 PM UTC

dannyw wrote: post #204

pc wrote: post #75

Stripe cofounder here. This isn't really new -- it's an extension of our last round ( https://www.cnbc.com/2019/09/19/fintech-start-up-stripe-notc... ). That said, we've seen a big spike in signups over the past few weeks. If any HN readers have integrated recently and have feedback, we're always eager to hear it. Feel free to email me at patrick@stripe.com and I'll route to the right team(s). As always, thank you to…

Patrick, we switched away from Stripe because your risk management systems kept declining valid cards in certain low-GDP countries, and there was no way to override. We are one of the larger SaaS companies and as a personal lover of Stripe, it was surprising to me that you couldn’t customise these systems, esp at our volume. We switched to Ayden and saw very significant revenue increases in those countries; because v…

That sounds concerning -- could you email mjahr@stripe.com with more details?

Re: Stripe raises $600M at nearly $36B valuation

#282

Post by pc » Thu, Apr 16, 2020, 8:54 PM UTC

wegymoo wrote: post #260

pc wrote: post #75

Stripe cofounder here. This isn't really new -- it's an extension of our last round ( https://www.cnbc.com/2019/09/19/fintech-start-up-stripe-notc... ). That said, we've seen a big spike in signups over the past few weeks. If any HN readers have integrated recently and have feedback, we're always eager to hear it. Feel free to email me at patrick@stripe.com and I'll route to the right team(s). As always, thank you to…

I've been making lots of little business apps and integrating them with Stripe. My main handicap has been the need to create a different Stripe account each time. It would be nice if I could have multiple sets of api keys under one account for each of my businesses

We added that last year! (Or maybe the year before...)

Re: Stripe raises $600M at nearly $36B valuation

#283

Post by pc » Thu, Apr 16, 2020, 8:55 PM UTC

mikeappell wrote: post #238

gen220 wrote: post #206

Earlier quoted context omitted.

In the last few months, I put together a tiny static website for my SO to sell her photographs to clients, and I budgeted a lot of time for integrating a payments solution. Like many others will say, I was pleasantly surprised how little time the integration step took. I used the "beta" react hooks integration, and the UX of getting it all set up was basically flawless. I found the documentation (especially the quick…

> - There seemed to be 3 or so quickstarts/tutorials for the same developer flow, at varying levels of detail (good), but they all had similar names and were difficult to distinguish from each other. My impression was that they were built on top of each other (i.e. one was X years old, another one X-2, etc.), but the old ones weren't removed? Unsure. Second this. Stripe's documentation is generally great, but when lo…

We just revamped our Connect docs... would love to hear any thoughts you have on the revised version. (Feel free to email me directly -- patrick@stripe.com -- and I'll forward your thoughts to the team.)

Re: Stripe raises $600M at nearly $36B valuation

#284

Post by pc » Thu, Apr 16, 2020, 8:56 PM UTC

gen220 wrote: post #206

pc wrote: post #75

Stripe cofounder here. This isn't really new -- it's an extension of our last round ( https://www.cnbc.com/2019/09/19/fintech-start-up-stripe-notc... ). That said, we've seen a big spike in signups over the past few weeks. If any HN readers have integrated recently and have feedback, we're always eager to hear it. Feel free to email me at patrick@stripe.com and I'll route to the right team(s). As always, thank you to…

In the last few months, I put together a tiny static website for my SO to sell her photographs to clients, and I budgeted a lot of time for integrating a payments solution. Like many others will say, I was pleasantly surprised how little time the integration step took. I used the "beta" react hooks integration, and the UX of getting it all set up was basically flawless. I found the documentation (especially the quick…

Thanks! Very helpful on all counts. (And thank you for the kind words on the Dashboard... the team has made a lot of progress there.)

Re: Stripe raises $600M at nearly $36B valuation

#285

Post by pjscott » Thu, Apr 16, 2020, 8:56 PM UTC

nihil75 wrote: post #67

kashura wrote: post #58

If they are so successful, why do they need to continuously raise money?

How true.. it's the 'debt economy' - raise, spend, grow, pick up the tab later/never.

This is equity financing, not debt. There's no tab to pick up.

Re: Stripe raises $600M at nearly $36B valuation

#286

Post by anthony_barker » Thu, Apr 16, 2020, 8:57 PM UTC

plantain wrote: post #136

pc wrote: post #75

Stripe cofounder here. This isn't really new -- it's an extension of our last round ( https://www.cnbc.com/2019/09/19/fintech-start-up-stripe-notc... ). That said, we've seen a big spike in signups over the past few weeks. If any HN readers have integrated recently and have feedback, we're always eager to hear it. Feel free to email me at patrick@stripe.com and I'll route to the right team(s). As always, thank you to…

My top issues running my business on Stripe: 1) Many countries still only allow depositing a single currency (i.e. Aus/AUD), doubling the cost of transaction due to the currency conversion, even tripling when we have to convert it back to pay our bills. I always get told either "soon", or "not possible due to the law", despite competitors doing it. 2) If we were an EU company, we'd get charged 1.4%+25c on transaction…

we are working on a blockchain based card processing solution which depends on your volumes. Ping me

Re: Stripe raises $600M at nearly $36B valuation

#287

Post by consultSKI » Thu, Apr 16, 2020, 9:00 PM UTC

pc wrote: post #75

Stripe cofounder here. This isn't really new -- it's an extension of our last round ( https://www.cnbc.com/2019/09/19/fintech-start-up-stripe-notc... ). That said, we've seen a big spike in signups over the past few weeks. If any HN readers have integrated recently and have feedback, we're always eager to hear it. Feel free to email me at patrick@stripe.com and I'll route to the right team(s). As always, thank you to…

love stripe, but you have a death spiral in your process. I tried to reactivate my account. no longer have the old domain. so I can't contact support because I can't log in. it takes WEEKS to get paid with a new account. after more than five years [on and off] with you, I would have hoped for a better process. #justSayin since you asked. p.s. i emailed this too.

Re: Stripe raises $600M at nearly $36B valuation

#288

Post by stevoski » Thu, Apr 16, 2020, 9:02 PM UTC

pc wrote: post #75

Stripe cofounder here. This isn't really new -- it's an extension of our last round ( https://www.cnbc.com/2019/09/19/fintech-start-up-stripe-notc... ). That said, we've seen a big spike in signups over the past few weeks. If any HN readers have integrated recently and have feedback, we're always eager to hear it. Feel free to email me at patrick@stripe.com and I'll route to the right team(s). As always, thank you to…

Hey Patrick,

It would be great if Stripe Checkout included VAT-related features:

* Detect country and - if needed - add appropriate VAT

* Allow customer to add a valid VAT number, so that when appropriate tax is not charged

* Offer clear reporting on what VAT has been collected for each jurisdiction

I realise this is a big, big can of worms. But that’s why we use Stripe, right? For help handling that big can of worms that is international payment collections. :)

Re: Stripe raises $600M at nearly $36B valuation

#289

Post by mkchoi212 » Thu, Apr 16, 2020, 9:07 PM UTC

pc wrote: post #75

Stripe cofounder here. This isn't really new -- it's an extension of our last round ( https://www.cnbc.com/2019/09/19/fintech-start-up-stripe-notc... ). That said, we've seen a big spike in signups over the past few weeks. If any HN readers have integrated recently and have feedback, we're always eager to hear it. Feel free to email me at patrick@stripe.com and I'll route to the right team(s). As always, thank you to…

Find it really cool that the cofounder is directly reaching out to the developer community. Keep up the great work :)

Re: Stripe raises $600M at nearly $36B valuation

#290

Post by juped » Thu, Apr 16, 2020, 9:08 PM UTC

bagacrap wrote: post #182

remote_phone wrote: post #59

I hope they are letting the employees cash out at these rounds. Otherwise they will end up like Uber, Lyft and other unicorn employees that not only got screwed by the IPO, but the subsequent taxes because of that. I know many Uber employees that need to sell at these low prices just to pay taxes and their RSUs leaving them with very little actual gains.

Are employees supposed to make gains on their equity based compensation when their company underperforms? Isn't this a risk you take when joining a startup? Thus far the only thing Uber has ever proved successful at, financially, was taking VC money. So it sounds like what you're asking for is that startup employees be allowed to siphon vc funds into their personal bank accts.

This is a ludicrous comment unless you believe that "employees" deserve to be second-class citizens. Lots of people cash out during funding rounds. It may be the status quo, but no one deserves their equity being a scam.