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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

#81

Post by arinlen »

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.

> I don’t think OP isn’t asking for sympathy but empathy? Is this the name of the game ?

Unless you believe a company like Plaid is entitled to a monopoly and should be free from any semblance of competition, I don't see a problem with that.

What happened to free market capitalism?

Re: Stripe responds to the Financial Connections/Plaid kerfuffle

#82

Post by ec109685 »

echelon wrote: post #14

Correct me if I'm wrong, but it seems like Stripe just nuked the whole of Plaid's platform and value proposition from orbit. Plaid just went from a decacorn to a cheap acquisition target for PayPal, Square, Shopify, etc. I can understand this being absolutely gut wrenching for the founders and early employees that are still on board. It must feel like having tangible dreams crushed. Not as bad as a cancer diagnosis,…

Plaid has been thinking about this space for 9 years. It seems odd that they wouldn’t be able to continue being a strong entrant here.

Re: Stripe responds to the Financial Connections/Plaid kerfuffle

#83

Post by cercatrova »

rabidonrails wrote: post #26

I think that people underestimate what this feels like for the Plaid founder and potentially for Patrick too. For Plaid you've spent your life building this business. Presumably there are many happy customers and you're working really hard to define the space and provide service. One morning you flip on your laptop and see a headline that one of your customers (and competitors) launched a new service that directly co…

This is a strange comment. This is literally how business and competition works, and how customers benefit as a result. No doubt it sucks to have a product competed with but that's just business. Of all areas on the Internet I'd have expected those on HN to understand, as it's run by a VC who is all about disruption of the competition.

Re: Stripe responds to the Financial Connections/Plaid kerfuffle

#85

Post by robby_w_g »

tootie wrote: post #17
abirch wrote: post #7

Earlier quoted context omitted.

If Reddit made it easy for me to follow people and have stuff pop into my feed like Twitter, I'd walk away from Twitter.

Ironically, Reddit's main source of news is screenshots of tweets.

Screenshots of tweets shared on reddit is so much faster on my phone than loading Twitter mobile. The screenshot is better UX too since I often get re-directed to a sign up page when I load twitter mobile

Re: Stripe responds to the Financial Connections/Plaid kerfuffle

#86

Post by SnowHill9902 »

darkerside wrote: post #38
rabidonrails wrote: post #26

I think that people underestimate what this feels like for the Plaid founder and potentially for Patrick too. For Plaid you've spent your life building this business. Presumably there are many happy customers and you're working really hard to define the space and provide service. One morning you flip on your laptop and see a headline that one of your customers (and competitors) launched a new service that directly co…

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.

Re: Stripe responds to the Financial Connections/Plaid kerfuffle

#87

Post by notyourwork »

endisneigh wrote: post #4

I’ll never get over how regressive it is that we are literally clicking on images filled with text as a way to share… text. I seriously cringe each time, lol. Anyway, on topic, it’s good to see this little debacle behind them. Both stripe and plaid offer good services and competition is good in any case. I do wonder if there’s some room for innovation here from Google and Apple. It would be interesting to see if it’s…

And Elon Musk but the damn platform. Sigh.

Re: Stripe responds to the Financial Connections/Plaid kerfuffle

#88

Post by lern_too_spel »

fdgsdfogijq wrote: post #11

Seems like stripe is constantly getting called out by other fintech companies. Honestly probably points to the key to their success, they play dirty and are in it to win.

If anything, this shows that Stripe's competitors believe that Stripe is competently managed. If Google announced a product in this space, Plaid's CEO would have yawned. Google announced a Slack competitor that would be a free addition to its business suite in 2017, and Slack IPO'd two years later at a $30 billion market cap. SPOT opened higher the day after Google announced YouTube Music. I remember when companies would worry that Google would compete with them, but if your product isn't something that can be served on the search results page, there was never anything to worry about.

Re: Stripe responds to the Financial Connections/Plaid kerfuffle

#90

Post by hobs »

pastor_bob wrote: post #63
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.

A CEO like Steve Jobs would have sought to destroy them and wouldn't have been afraid to openly snub them. Sometimes you go for the jugular

And Steve Jobs was an asshole who died believing citrus would cure his cancer while parking in handicapped parking lot zones so, maybe don't idolize him.
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