I think this is right. Plaid will get by, but their ability to capture TAM is now constrained. Because they didn’t expand horizontally into some related product

I think this is right. Plaid will get by, but their ability to capture TAM is now constrained. Because they didn’t expand horizontally into some related product offerings, they now look like a feature while Stripe looks like a platform. It sucks to be on your heels having to play catch-up from their position.