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Earlier quoted context omitted.
We will definitely keep it.
Will the MOR feature be merged into regular Stripe, or will they remain separate?
I suspect (hope) Stripe Tax will soon offer a MoR service. I imagine this acquisition is mostly for their tax expertise & perhaps internal tools that do all the hard work behind the scenes.
Earlier quoted context omitted.
Devil's advocate: more acquisitions creates more incentive to launch a start-up. More startups create more competition.
It's not a simple "acquisitions are good" or "acquisitions are bad" discussion. There is an ideal amount of M&A activity in an economy which is more than "no startup ever gets acquired" and less than "every startup is bought out by big tech". In recent years we have been closer to the first extreme, and very few startups have had exits of any kind.
Merchant of Record is a cool feature to have-- Stripe Tax works well but the pricing structure is horrible. Paying a flat fee for dedicated tax handling would be considerably better! Now if only we could somehow get MoR for marketplaces...
MoR for marketplaces basically means merchant of record for Stripe Connect and you, as the platform, take the tax liability via the MoR functionality automatically for your sellers (connected accounts), right?
Mind sending me an email at kevinpeters at stripe dot com? Would love to hear about the use case.
Earlier quoted context omitted.
Devil's advocate: more acquisitions creates more incentive to launch a start-up. More startups create more competition.
A startup made for the purpose of acquisition was never a competitor. If you are willing to sell to the big player in your industry you are not competing, you are an opportunist. A startup that wants to compete will run very differently from a startup that wants to be purchased. A big whale company that gobbles up some of the fifty startups that only have like 2% of the market total is not a competitive market at all…
You cannot get acquired unless you represent a percentage of market share, have IP which will lead to greater market share, and/or have employees who can expand market share for a product.
>A big whale company that gobbles up some of the fifty startups that only have like 2% of the market total is not a competitive market at all.
A big whale company performing that many M&As to little startups is essentially fueling future competitors. If I was an investor I would see that market as valuable for the unicorn breakthrough possibility or at least an eventual acquisition exit event.
Instead of calling Stripe directly, customers call Lemon Squeezy directly - it’s an abstraction layer around the Stripe API. What’s the barrier to entry for starting up a similar business?
One thing which is weird about tax is physical presences in some cases. In some countries, you actually might need a representative to file your taxes. Plus you need to learn how to register in those countries and how to file taxes.
There are probably more things that you need to look up, but that’s what I remember.
From branding to the all UVP, it was a fast exit because it was meant to be.
Still a massive achievement