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Would love to see a more in depth callout to the firearm and firearm related services sector in this. This is considered a high risk area for seemingly entirely

by skyrw 10y ago

Would love to see a more in depth callout to the firearm and firearm related services sector in this. This is considered a high risk area for seemingly entirely political reasons, and any body in the industry is constantly afraid of being shut off at a whim for even tangentially related services.

lcarlson 10y ago
Ya, see operation choke point. Tons of reputational risk there
hga 10y ago
and any body in the industry is constantly afraid of being shut off at a whim for even tangentially related services Only by processors like Stripe and of course merchant banks (but the latter is easily dealt with nowadays), politically right now we're very strong in most of the nation, and at the Federal legislative level, and by and large the only companies with political risk are those in our modern slave states ("A house divided against itself cannot stand. I believe this government cannot endure, permanently, half slave and half free." (Lincoln) and I believe there will be a resolution to this sooner or later, but that's not something companies like Stripe can make any plans or current polices about.) Perhaps.... Team Obama are currently trying to land the first major blow they've come up with/dared to try, to shut down most of the nation's gun smiths (http://www.nssfblog.com/ddtc-says-guidance-is-not-new-but-clarification/ http://www.nssfblog.com/ddtc-says-guidance-is-not-new-but-cl...), so there's still clearly nationwide political risk. But Stripe would be viewed very differently by, say, half the nation's population if they were willing to do business with those that do firearms and related stuff, as so many merchant banks are still quite willing to do, in states where that's politically safe, which is on the order of 40 with more than half the nation's population (which is not the same slice as the half I mentioned previously). (And with regards to that above resolution, if it's in our favor, companies like Stripe that boycotted us will not be gently dealt with. So there's political risk in every direction, but I can't see how picking one side of a cultural currently cold civil war is a good long term strategy, and I seriously doubt its helping them in the short term, vs. staying out of the fray.)

by skyrw 10y ago

lcarlson 10y ago

Ya, see operation choke point. Tons of reputational risk there

hga 10y ago

and any body in the industry is constantly afraid of being shut off at a whim for even tangentially related services Only by processors like Stripe and of course merchant banks (but the latter is easily dealt with nowadays), politically right now we're very strong in most of the nation, and at the Federal legislative level, and by and large the only companies with political risk are those in our modern slave states ("A house divided against itself cannot stand. I believe this government cannot endure, permanently, half slave and half free." (Lincoln) and I believe there will be a resolution to this sooner or later, but that's not something companies like Stripe can make any plans or current polices about.) Perhaps.... Team Obama are currently trying to land the first major blow they've come up with/dared to try, to shut down most of the nation's gun smiths (http://www.nssfblog.com/ddtc-says-guidance-is-not-new-but-clarification/ http://www.nssfblog.com/ddtc-says-guidance-is-not-new-but-cl...), so there's still clearly nationwide political risk. But Stripe would be viewed very differently by, say, half the nation's population if they were willing to do business with those that do firearms and related stuff, as so many merchant banks are still quite willing to do, in states where that's politically safe, which is on the order of 40 with more than half the nation's population (which is not the same slice as the half I mentioned previously). (And with regards to that above resolution, if it's in our favor, companies like Stripe that boycotted us will not be gently dealt with. So there's political risk in every direction, but I can't see how picking one side of a cultural currently cold civil war is a good long term strategy, and I seriously doubt its helping them in the short term, vs. staying out of the fray.)