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I see a parallel here with Square in its early days. They would do some finely polished internal projects like this, like beautiful information dashboards, and
by abalone 9y ago
I see a parallel here with Square in its early days. They would do some finely polished internal projects like this, like beautiful information dashboards, and redesigned their website like every other month.
I don't want to be too cynical but it can function as a kind of elaborate PR and recruiting tool, as well as generally support the impression of the company being the Next Big Thing. As Square had to open up their finances and work on profitability, they got more focused on core product. I wonder if Stripe will follow.
I also wonder if there's something particular about payment processors.. maybe overcompensating? Is it part of the business model to kind of puff up a company around what should otherwise be a commodity-priced core service?
- dd36 9y agoGood point. It really is a commodity service: treasury services and risk management. And most of that should be fairly autonomous. The fat will eventually be trimmed. Just like at Etsy.
- kenning 9y ago> I don't want to be too cynical but it can function as a kind of elaborate PR and recruiting tool, as well as generally support the impression of the company being the Next Big Thing. Whether or not this is intentional, it's working that way. I've heard more guests on techy podcasts that work for stripe than google, maybe just because they're so enthusiastic about the culture that they always seem to bring it up.