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Reduce the employee count from 12 to 1, who isn't even a real employee because the company has no revenue yet, and suddenly Stripe proposition is much more inte
by Xixi 10y ago
Reduce the employee count from 12 to 1, who isn't even a real employee because the company has no revenue yet, and suddenly Stripe proposition is much more interesting: it allows you to focus on your product, and finding product-market fit, instead of sitting with someone in a bank. Even when that someone is kind, competent and helpful (as has been my experience with several French banks, special mention to the Banque Populaire de Lorraine), even with exactly zero revenues yet. At such an early stage the ease of integration is overall much more important than the smaller transaction fee.
- nolok 10y agoOh I agree, but I think Stripe and Braintree have pretty much acquired the minds of people in that situation. Where they need to grow I believe is the next stage, the one I was in, "ok so we actually have an actual company that people want to pay for stuff, now we need to monetize on the internet", and in that area they're not that good.