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Stripe raises $600M at nearly $36B valuation
- obilgic 7y agoDidn't they recently start out giving loans to SMs?
- addedlovely 7y agoYes based on incoming revenue from payments, Stripe Capital: https://stripe.com/capital https://stripe.com/capital
- GhostVII 7y agoThis is not a new valuation, is an extension of their series G from last year which also had a 35B valuation.
- preommr 7y agoAt this point we may as well just start using numbers instead of letters.
- throwlaplace 7y ago>series G seriously? like they've had A,B,C,D,E,F,G rounds of vc funding?
- almost_usual 7y agoTechnically 8 if this is an extension of G
- pc 7y agoThat's right; this isn't new. We just decided that it was prudent to extend the round a little given the economic uncertainty.
- jacquesm 7y agoIn which book is $600M 'a little' :) Really, that's boatload of money by any standard.
- pc 7y agoFair :-). "A little" relative to market cap. But, yes, $600M is a staggering amount of money in absolute terms.
- jacquesm 7y agoIt's interesting though, how do you conceptually deal with these very large numbers? Do you equate it to some kind of internal standard of 'X employee years' or how does it work for you?
- criddell 7y agoPlease tell me it's to fund a massive expansion of Stripe Press! I want more books like The Dream Machine! I just looked at your site and saw a book about Prince of Persia I hadn't seen before. I'm trying not to buy any more books because my stack is already too big but it's really tempting...
- amgreg 7y agoInteresting — did you just extend the round at the same price and identical terms?
- simonsarris 7y agoThat's much higher than Square (25.2B) but lower than Shopify (60.5B) (Square and Shopify have 4.71B and 1.58B in revenue, respectively)
- martythemaniak 7y agoIt's unfortunate that Stripe has remained private. Both Square and Shopify IPO'd in the low single digit billions in market cap, allowing plenty of retail investors to tap into their growth.
- adrr 7y agoShopify is going to pull back payments from stripe. It's the only logical thing for them to do for them to boost revenue. They already ramped up the Shopify Pay branding and removed the "powered by stripe" cobranding on Shopify Payments. Stripe helped it along by not refunding payment fees on returns. Shopify's largest merchants are apparel companies who have high return rates.
- adamqureshi 7y agoI wish stripe would offer some relief for the pandemic to their customers. I use them for my business to process CC's but they have not provided anything. I can't get a PPP loan. I'd accept an interest free loan if they would offer it to my business. They did approve me for a loan but want a fee upfront + a slice of daily sales until its paid back.
- whalesalad 7y agoBeggars can’t be choosers. The fee and slice of sales until paid back is completely reasonable. Why should one business have to shoulder the struggles of another? Yes, there is potentially a moral obligation to your fellow man. But this is capitalism baby. If stripe handed out a bazillion loans without any expectation they’d be paid back... what do you imagine would happen?
- enumjorge 7y agoOn the other hand, presumably it’s in Stripe’s best interest for its customers to stay afloat.
- jacquesm 7y agoIf they are viable businesses, then yes. That's the hard part of risk management: determining which companies will make it through if you support them and which will fail anyway, regardless of assistance.
- pc 7y agoWe've been working with various government agencies behind-the-scenes and are about to pilot our first PPP loans. (Since so many banks have had troubles with the SBA application process, we want to make sure the process is robust and scaleable before deploying anything broadly.) Feel free to email brayden@stripe.com if you're interested in trying it out.
- toomuchtodo 7y ago
- JaakkoP 7y agoI love the quote from John Collison: "This is digital migration in a very compressed period of time, for both businesses and customers," Collison adds. "My mom recently asked me if I'd heard of 'this Instacart thing.' Yeah mom, I have."
- mc32 7y agoSo the question is, will the adoption of these services stick after things return to a more normal state? Certainly there will be some stickiness, but how much and for whom? To state the obvious, some adoption will be permanent but others not much. Where that will happen and by how much is a diff question. Example, will people go back to Starbucks or will they keep on making more coffee at home, maybe get an entry espresso machine?
- chishaku 7y agoWhen will things return to a more normal state?
- mc32 7y agoI don’t know. People are creatures of habit though. People will return to old routines to different degrees. Even Mao with his Hong weibings wasn’t able to stamp out the parts of Chinese culture he wanted to stamp out forever.
- gk1 7y agoThe biggest barrier to late adopters is the learning curve and confidence: They worry that new tech will take too long to learn, and they're not confident it will work right. Right now a lot of people have no choice but to learn how to meet with Zoom, how to order with Instacart, how to communicate through Slack, ... And as they do, hopefully things are working out OK and they're building confidence in those technologies. When the pandemic subsides, I don't see much reason for people to revert en masse.
- colinmhayes 7y ago
- ryanmccullagh 7y agoSo with Stripe, is it industry practice to keep the fee when refunding customers? For example, if I return something to Best Buy, are they still paying that 2.9% fee to their CC processor?
- notatoad 7y agoi don't know about best buy, they might be able to negotiate something better. but for small fish, it's standard practice to keep not just the fee, but twice the fee: when you charge a card, visa charges you 2.5% on the purchase amount. and then when you refund the card, visa charges you 2.5% on the refund amount. as far as visa is concerned, they're both just transactions, regardless of the direction, and they want their fee.
- lisper 7y agoIMHO it is time to start promulgating the idea that electronic money transfer should be considered a basic human right just like free cash transactions have been since the invention of money. It already is that way in many advanced countries where electronic money transfer is a service provided by the government. It is only in the U.S. where a private monopolistic cartel is allowed to impose a private tax on all retail transactions.
- jakear 7y agoThe U.S loves its private monopolistic cartels imposing a private tax on all XXX. I don't think this is changing any time soon. We don't even have public healthcare.
- lisper 7y agoEvery journey begins with a single step.
- Znafon 7y agoIn what countries can you do free electronic transactions?
- tschellenbach 7y agoAnyone know Stripe's revenue and the multiple this 36B valuation represents?
- progx 7y agoRevenue? Zero. Why should they need $600M?
- xenocratus 7y agoHave any sources on that zero?
- timerol 7y agoThere's huge uncertainty in the estimate, but someone on Forbes sites guessed about $3.4B yearly revenue in the fall. https://www.forbes.com/sites/christianowens/2019/09/21/stripe-isnt-overvalued-at-35bn-you-just-dont-understand-twenty-first-century-commerce https://www.forbes.com/sites/christianowens/2019/09/21/strip...
- pm_me_ur_fullzz 7y agoI want a bot that translates these advertisements to the equivalent phrasing used in public equity markets "Someone bought 1,000,000 shares of a company at a price of $20 in a secondary offering. Company's marketcap is now $36B" Private equity market lingo is dumb. Many companies don't state the valuation after a round and the ones that do deliberately do it for clout. It is confusing and counterintuitive because people wonder why the "valuation is stretched" when literally just someone bought some shares, its not really news that someone bought shares at a high price. "Jonathan bought 1 share of Amazon for $2,000 for a valuation of 1.5 trillion" doesn't matter if this was a secondary market trade, or Amazon doing a 1 share secondary offering "raising $2000", it is a completely non news story, except in how the private equity world chooses to warp the language. In private equity, the "rounds" have to be a higher valuation, and a "down round" is bad - an instant death knell and death spiral for the company solely because of how the PE world chooses to broadcast clout.
- abhorrence 7y agoDown rounds are also bad news for previous investors (and other shareholders, like employees) due to how liquidation preferences typically work.
- pm_me_ur_fullzz 7y agoA preferred share issue.
- xenocratus 7y agoThis article was an eye-opener for me on how that works: https://www.economist.com/finance-and-economics/2020/04/08/why-a-lot-of-startups-will-come-to-regret-their-unicorn-status https://www.economist.com/finance-and-economics/2020/04/08/w...
- therealmarv 7y agoHow about opening your business to new markets. Stripe feels like you have to have your business in the top first world countries only. It's unusable even in some EU countries nowadays.
- pc 7y agoWe're still working hard on this. (We just expanded our beta in Bulgaria last week!)
- deleted 7y ago[deleted]
- eric_b 7y agoWould be nice if Stripe decided to lower their processing fees a bit for small businesses getting crushed right now. Ours just went up in fact. A big slap in the face really.
- e_commerce 7y agoTheir pricing is a joke. They're inviting serious competition.
- break_the_bank 7y agoCongratulations to folks at Stripe!
- joshuaschmidt 7y agowhy is stripe looking for funding now, instead of before the pandemic? it might have increased their valuation.
- novask 7y agoAnyone at Stripe do security or pentesting or redteaming? What's the hiring/requirements like for that?
- buf 7y agoI just wish Stripe figured out how to integrate with PayPal. I'm stuck using Braintree because I want a single payment provider for CC and PayPal payments.
- mgbmtl 7y agoJust curious: what field are you in, and what's the % of PayPal payments? I work with non-profits in Canada. PayPal used to be omnipresent, but in the past 2-3 years, most of our clients dropped it. I never found any good data to back whether we should still support it or not. (payment method FOMO)
- buf 7y agoConsumer saas. 60% of our payments come through PayPal.
- hobofan 7y agoThe only way that's ever going to happen is if Stripe's volume outgrows PayPal so much that it starts hurting PayPal and they have to play ball.
- ryanackley 7y agoStripe has great and interesting products but this valuation seems very high. They are competing with companies like Global Payments and First Data but they aren't disrupting them. First Data has a lower market cap than this with $9B in annual revenue and $1B in annual profit.
- anonanon43 7y agoI'm aware of a large org actively moving the bulk of $3bn in volume from FiServ (formerly First Data) to Stripe. Stripe's valuation is higher because of their trajectory. FiServ isn't innovating- at all. Just more attempts at lipstick on the pig.
- ryanackley 7y ago$3bn in volume equates to around $90M (~3% of volume) in fees. Not an insignificant amount of money but when your revenue is approaching $10B, it doesn't move the needle. Also, this money is divided up among all the players. This includes the network (Visa, Mastercard, etc.), the Bank (every credit card has an issuing bank), and the acquirer (Stripe).
- fbelzile 7y agoI'm very happy with Stripe and for their success, but I plan on switching all my payments to go through PayPal again. I did some math and PayPal offers a better deal for Canadian businesses after Stripe bumps me off of their grandfathered conversion fees in a couple months. I love the slick interface, but it's simply not worth the thousands per year I'll be saving with the switch. For me the main selling point for any payment processor is the minimization of fees. Sure, the API's are nice, but I already use a payment gateway for that. I'm a few clicks away from saving thousands. Am I missing anything?
- pm 7y agoIf you're doing enough business they'll usually cut your fees if you ask (according to a friend who did just that).
- chipperyman573 7y agoEnough business is a lot of business though, I just emailed them about this and they said to even talk to the department that considers you, you need 3 straight months of $100k+ MRR.
- nickjj 7y agoAre you planning to go through PayPal directly or Braintree? One thing I notice is, I get much less fraudulent payments through PayPal, and when I do get them it's handled automatically (and most of the time they end up being not fraud because PayPal investigated it and released the funds). 100% hands free, $0 in fees. With Stripe, not only do I get more fraudulent payments but you need to pay $15 as a dispute fee through Stripe when you lose the case and pretty much all fraud causes through Stripe will be lost (because it's actual fraud). It also takes like 20 minutes to fill out the forms, create fax-compatible sized screenshots and a lot of other boilerplate information if you plan to contest the dispute. It's a shame Stripe doesn't offer the Radar service (helps detect and prevent fraud) with custom rules as part of their normal service. You can only get it if you pay insurance fees, which are added fees on top of the normal amount. Combine that with the new Stripe SCA compatible APIs and sketchy docs and yeah I'm in the same boat as you. Stripe is no longer an immediate "of course I'm going to use Stripe" decision. Braintree is looking pretty good at this point.
- kashura 7y agoIf they are so successful, why do they need to continuously raise money?
- SpicyLemonZest 7y agoBecause they're aiming to be even more successful. $36B is still a tenth of Visa, and I think Stripe believes they can eventually become an equally important part of the financial ecosystem.
- adrr 7y agoIt’s larger than Adyen who has a arguably a better platform and bigger customers like eBay and Microsoft. Stripe has Shopify but with their misstep of not refunding processing fees on returns, that’s going away quickly as merchants pressure Shopify.
- SpicyLemonZest 7y agoStripe's forward looking goals seem to be mostly about expanding and changing the nature of online commerce, rather than capturing the existing payment processing market. I agree it'd be dumb for them to expect to grow based solely on stealing customers from existing processors.
- adrr 7y agoCan you expand on changing the nature of online commerce? I don't see that they are in any position to do so. P2P payments is dominated by Venmo/Paypal, mobile is going to be Apple Pay/Google Pay. Their best chance was partnering with Shopify which is the second largest e-commerce site/platform by GMV. With that position, they could go after affirm/after pay on the consumer lending side of things. I assume Shopify will do this soon since they already offer merchant lending. They can go after the PaymentTechs and Worldpays of the world but that is just a race to the bottom on processing fees. Another problem with going after those companies, they can easily drop the processing fees to near zero since PaymentTech is owned by Chase and Worldpay by Vantiv/FIS. Adyen is going to dominate the omnichannel retailers since their solution is best.
- remote_phone 7y agoI hope they are letting the employees cash out at these rounds. Otherwise they will end up like Uber, Lyft and other unicorn employees that not only got screwed by the IPO, but the subsequent taxes because of that. I know many Uber employees that need to sell at these low prices just to pay taxes and their RSUs leaving them with very little actual gains.
- bagacrap 7y agoAre employees supposed to make gains on their equity based compensation when their company underperforms? Isn't this a risk you take when joining a startup? Thus far the only thing Uber has ever proved successful at, financially, was taking VC money. So it sounds like what you're asking for is that startup employees be allowed to siphon vc funds into their personal bank accts.
- juped 7y agoThis is a ludicrous comment unless you believe that "employees" deserve to be second-class citizens. Lots of people cash out during funding rounds. It may be the status quo, but no one deserves their equity being a scam.
- TrackerFF 7y agoHere's the way I see it - whether or not a company is profitable, rests entirely on executive management. It's their job to steer the company into profitability (by the right vision, strategies, and execution). For rank and file workers, that may just build up the company, should get paid for their work. A company can be worth a lot, but still perform poorly. If you have enough VC money coming in, you can purposely run a company unprofitable 'till for a long, long time - if you're goal is to simply undercut competition.
- walshemj 7y agoThat is a function of the very poor treatment of employee shares in the USA - maybe that is what the unionisation efforts in FANGS should target
- pc 7y agoStripe cofounder here. This isn't really new -- it's an extension of our last round (https://www.cnbc.com/2019/09/19/fintech-start-up-stripe-notches-35-billion-valuation-in-funding-round.html https://www.cnbc.com/2019/09/19/fintech-start-up-stripe-notc...). That said, we've seen a big spike in signups over the past few weeks. If any HN readers have integrated recently and have feedback, we're always eager to hear it. Feel free to email me at patrick@stripe.com and I'll route to the right team(s). As always, thank you to the many HNers who are also active Stripe users!
- samschooler 7y agoDo you know why that big spike happened? Is it possibly related to people being furloughed + having new side hustles they are just now working on/starting?
- wyxuan 7y agoidk, maybe easy access to contactless payments?
- RussianCow 7y agoNot OP, but my guess is businesses that previously had little to no online presence are scrambling to set something up so that they can continue serving customers during the pandemic.
- Beefin 7y agoHey Patrick, understood that this is an extension of a previous round, but do you have any comments on the timing of this capital raise /w covid? I imagine, with the huge spike in ecommerce, your platforms are crushing it, but curious to hear your take.
- pc 7y agoWe've noticed a few things -- - Enterprises pivoting -- brands going direct-to-consumer, malls pivoting to online business models (seriously), and other things like that. - SMBs going online: see this thread[0] from a French fruit seller, for example, or this thread[1] from a bar in Milwaukee. The restaurant down the street from where I used to live is now running a rapidly-growing online wine club. - Totally new startups are getting started in response to new needs. [0] https://twitter.com/FlorentSchmahl/status/1250283595358326784 https://twitter.com/FlorentSchmahl/status/125028359535832678... [1] https://twitter.com/danimalnelson/status/1240004111669460992 https://twitter.com/danimalnelson/status/1240004111669460992
- ttoinou 7y agoI wished I could use Stripe but when selling worldwide you need to send the V.A.T. / G.S.T. to each country and US state you're dealing with. With customers all around the globe it means something like minimum 50 tax invoices to fill and send for me
- plantain 7y agoOctobat helps with that
- HatchedLake721 7y agoTry Paddle, takes care of it worldwide
- kmoriarty 7y agoHey! I'm a PM at Stripe working on solving VAT/GST/sales tax pain points for our users. Would be great to connect and hear more about what you're looking for. Please do correct me if I'm wrong, but it sounds like your main pain point is around specifically handling the collection, and then remittance and filing of tax for all countries/jurisdictions you have nexus in? Or is it actually the difficulty with issuing customers compliant invoices across all countries you sell to (e.g. ensuring VAT ID is shown, language is local, etc.)? Either way, would be great to connect -- kmoriarty@stripe.com
- ttoinou 7y agoEmail sent !
- rbreve 7y agoWhy would a very successful company need $600M? this is pure speculation now.
- aloukissas 7y agoI have 100% the same question. Esp. since they make money from the very first customer.
- dbancajas 7y agoprivatize the gains, socialize the losses?
- glintik 7y agoOh.. May be Stripe will hire Frontend Developers who use Firefox to fix numerous bugs?
- aloukissas 7y agoNaive question: why? Aren't you already profitable and making more money as even more transactions happen online?
- tomerbd 7y agoCan Israel be supported? (as a seller)
- gpu_explorer 7y agoכן כן כן
- sheng1 7y agoCongratulations to folks at Stripe!
- rconti 7y agoI think I've tried to use Stripe stores with ApplePay and discounts, and it never works. A couple local breweries, a coffee roaster, and another place I ordered car parts from. As soon as you enter a coupon code, the ApplePay option goes away. I am trying to remember why, I want to say, the ApplePay option shows up BEFORE the checkout page where you enter coupon codes, then once you enter a code you can no longer ApplePay. Anyone else notice this?
- enrichp 7y agonew
- e_commerce 7y agoThis company needs serious competition. They have not reduced prices in a very long time. That is Oracle tier behavior and does not bode well for their developer-friendliness in the future.
- saadalem 7y agoif HNers are asking specifically for how to beat Stripe, Paypal in business I would say quite simply process more transactions or offer more flexible rates or services. Both are great companies that have grown into larger players. However, they still only account for a non material portion of total transaction value and volume when it comes to commerce. Therefore, they can be caught to in many areas. Take for example stripe. They are almost exclusively online and offer a bundled transaction rate. By simply focusing on areas like offline payments or more flexible/customizable rates a company could easily beat them. For PayPal, they are much larger, you could do the same. You will not beat them over night but you can easily find niches where a more tailored approach would benefit the businesses rather than the broad strokes a company of that size has to take. One area to look at for both would be online sales. Neither do that well at all. Another area to consider would be embedded experiences that require micro transactions. Stripe and PayPal are all but wedded to the payment networks at this time.
- mtm7 7y agoI love Stripe and have been a happy customer for years. But to piggyback off of this comment, one thing I've always wanted from them is plug-and-play subscription management, similar to Memberful[0]. [0]: https://memberful.com/ https://memberful.com/
- littlethings 7y agoStripe user here (Stripe Singapore) since 2016 and processed a loooot of money which was a life-changing thing for me and many other people. Patrick, I appreciate how supportive you are here so I hope you don't mind this turning into Q&A/support type of topic :D 1) Do you plan to lower the currency conversion fees for Singapore? We charge customers in USD but we are forced to convert to SGD and conversion fees adds up. On 99USD charge, with the current conversion, we get around 138 SGD but the net for us is 133 SGD because the processing fee is ~5.20SGD. That fee was lower before. There is no problem for us getting an extension of our account in USD currency so we could avoid unnecessary conversion USD->SGD fees. 2. Chargebacks. A real pain in the ass. I shared a post on IH about it. Basically there is no way for us to issue someone a refund if they are doing a chargeback. This is a real problem that is relatively easy to solve. PayPal does it - basically, if the customer submits dispute, PayPal first tries to contact the seller to voluntarily provide the refund and only if they refuse, the dispute is being reviewed. Why Stripe cannot work this way? That would save a lot of drama and stress involved running the business for both sides - you and us, your customers. 3. Pricing info. It's still very confusing on your website to understand what and how you charge for particular add-ons and whether we are grandfathered and have these add-on services included free of charge (since we have been with you since 2016).
- sealthedeal 7y agoYou could leverage a partnership with @routefusion to solve this. We would help you move that money back to SGD super quickly, and at a great price. We are actually in partnership with company in SG called CardUp, if you have ever heard of them :) Shoot me an email if you would like to chat more! colton@routefusion.co developer.routefusion.co
- dylz 7y agoFor 2, a dispute is not a cb - on paypal if someone chargebacks _on their card_, there is an entirely different workflow
- littlethings 7y agoWhen I say "dispute" I mean chargeback. It's the same in Stripe.
- Lukesys 7y agoPatrick, Can you lend me $100? Stuck at home in NI with no cash :( Luke
- j_m_b 7y agoWhat's the story with paying people through Stripe? PayPal is dead easy, give me an email address and I can pay them. I would really like to replace our PayPal system with a product from Stripe, but it's not straight forward how you would do that.
- agustif 7y agoI want to use stripe but we sell travel, and 1.5% for a +1500Eur ticket is way too much compared to what integrating with my regular ol' bank costs 0.15%, no fixed fee. I would love to use stripe because of DX/UX, but honestly as a SMB, can't really justify it.
- chrisstanchak 7y agoWhen Stripe goes public they need to let customers participate in IPO just like Square did. That was awesome.
- toptal 7y agoAdyen: $25b market cap, with 2019 full year net revenue being $538m, up 43% year-on-year. https://www.adyen.com/investor-relations/news/h2-2019-financial-results https://www.adyen.com/investor-relations/news/h2-2019-financ... Stripe: Significantly less than Adyen, as many have reported. ---- Same business model, with Adyen having a higher operating margin. This should be interesting to see how this plays out. Either Adyen will skyrocket in value, or Stripe will decrease in value.
- ramanathanrv 7y agoBest wishes to Stripe. They deserve to succeed. I speculate that the biggest competition for Stripe is going to be Amazon which will use AWS to rollout payments API.
- chops 7y agoI just want to say thank you to Stripe for being amazing. I'm just now dealing with canceling service with a traditional merchant account (I switched completely over to Stripe back in August), and the experience has been terrible and stupid. Around 2003 or 2004, I was working on my first startup. I signed up for an authorize.net account through a merchant account called Capital Merchant Systems (later acquired by EVO Payments). At the time, the process required filling out a pile of paperwork, including writing an actual cover letter to get approved. Things were fine until recent years, business for this particular service had slowly dropped to the point where it was no longer feasible to run through authorize.net. So I decided to finally make the switch over to Stripe (which I'd used for a number of years on another project). Signing up for Stripe is so painlessly easy, straightforward, and friendly. After switching my system over, I called and emailed my merchant account to cancel (this was in August). Then I called and emailed again in November. Then I called and emailed again in January. All the while, they've been withdrawing from my checking account. Then I emailed again in April, and filed reports with the BBB and FTC. Only then have I heard back from them, and they're claiming my January request is the first request. So the short of it is, use Stripe. They are amazing, open, and transparent, their API is a joy to work with, and their dashboard is great. I wish Stripe was around 16 years ago when I first got started processing payments. And DO NOT, under any circumstances, use EVO Payments. Cancelling with them is like cancelling a shitty gym membership - at the end of the day, you'll have to file complaints with every 3-letter organization you can think of, and file transaction disputes to cancel your account.
- joking 7y agoI get that stripe is easy and convenient, but once your business is running, I don’t get how many people doesn’t switch to bank provided payment gateways, at least in Europe the savings are huge (like 0.40% instead of 1.4%)
- pianoben 7y agoJeez, just go public already! You've had employees waiting for nigh on a decade to realize the value of what they've built, but instead it appears that those gains are just going to VCs (and whoever is privileged enough to take money off the table during these raises). Perhaps I'm being too cynical, and perhaps Stripe is taking a more enlightened view than I'm giving it credit for, but my goodness this trend of large businesses just raising money forever (and long after they cease being startups) is frustrating. At least at Google I know I can actually spend all of my paycheck at some point in the decade after I've earned it.
- ztratar 7y ago-
- pianoben 7y agoCredit where credit due - that's better than most private companies I've heard about. Even so, that's a low bar to clear. Ideally, my employer shouldn't even have a say in my decision to sell or hold my equity once I've earned it. That's a different topic. Just to be clear, I've never worked at Stripe and have no personal bone to pick. I just think it's a shame that all this wealth generation is happening, and not only is the public frozen out of the growth, many of the talented people who made it happen are _also_ frozen out as well.
- wbronitsky 7y agoIt’s worse than this; employees who helped build the company are systematically shut out of reaping the rewards. Things like 90 day exercise windows, no information on exit timelines, and more dilution like this, pitched as if it was some forgone conclusion will prevent people who should see immense value from this company from seeing anything other than a token sum.
- alkibiades 7y agomight be nice for employees but borders on negligent when private markets are practically begging for you to take their money and going public has alot of hoops and disclosures
- ML_Clockwise 7y agoIt's been really fun and inspiring to see what Stripe has done. Well done and well deserved!
- tewwi 7y agoMy biggest concern is data leaking, via web hooks, from other platforms into ours. Most of our clients use Stripe for payments on our platform. They are connected via Stripe Connect. However a handful of them use other services from other providers as well also with Stripe Connect. We are seeing web hook events not just for our own platform but also the other platforms too which obviously includes details about the transaction but also often with personally identifiable information such as name, email, address, telephone number. Your support team acknowledged that they are aware of the issue. The response was: "Because of how the design of the connected accounts are, any events from that connected account will be sent to all Platforms that the account is connected to. We do understand and see how this is a potential security/safety issue, and we have made note of this to our Connect team. While we do not have any current plans to adjust this, we are going to discuss things with our Connect team to see if there is a way to we can make this better for our users." I personally consider this a massive data leak because potentially sensitive information about customers is being shared to companies who have no right to access that information. I really hope you can look into this. Regards, Will
- 2OEH8eoCRo0 7y ago>Stripe is an American technology company based in San Francisco, California. Its software allows individuals and businesses to make and receive payments over the Internet. They're worth how much!? Forgive me but how is this worth that much?
- bitxbit 7y agoStripe is the only company worthy of its lofty valuation. I love their products. Not sure how Shopify market cap is nearly 2x Stripe. Makes zero sense to me.
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- joejoejoejoe1 7y agoIs it easy enough to integrate multiple payment vendors- stripe, braintree, paypal and switch between them as needed in your application?
- ptrenko 7y agoI remember seeing a graph (from Paul I think): graph1: linear + exponential s curve When you zoom out the first graph, the exponential part starts looking linear graph2: linear + slightly less linear + exponential Oh wait, it is an exponential curve right? D'oh