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Stripe. They are a payment processor and work in Finance. What significant contributions to tech have they produced? I'm not being snarky, I'm just not familia

Stripe. They are a payment processor and work in Finance. What significant contributions to tech have they produced? I'm not being snarky, I'm just not familiar with any off the top of my head like I know React came from FB/Meta, Google & Amazon produce all sorts of cloud computing stuff, Apple produces lots of libraries/frameworks (most likely for their own hardware/ecosystem), Bootstrap came out of Twitter, etc.

ecshafer 4y ago
Stripe made Sorbet for Ruby.
quelltext 4y ago
Providing an API abstracting over the complexity of payment processing is the technology. Google's search engine is technology but you would probably say "isn't that just a researching documents"? A bit weird how you only deem companies technological if they have released popular OSS or Apple because they produce libraries/frameworks they use internally. Pretty sure all software companies use internal libraries.
- roundandround 4y ago
  That just seems to feed the point to me. Google was competing with organizations particularly created for a new tech market that didn't exist before them. NYC library was maybe the largest player available to consumers? (Before the emergent search tech like alta vista and yahoo that Google disrupted.) Stripe is a payment processor with the most disruptive automation, competing with other payment processors older than the web. Every industry will be shrinking in people per net work, few industries are new things (at least for the public) enabled by automation. If we want to call all disruptors tech companies, why not also call the old companies that transform to compete with them tech companies too? Then every industry is tech. But really it is the opposite, tech as it ages becomes regular business that is more dependent on trademarks, relationships, etc, so some things we consider tech from recent decades are less so now and companies that stay primarily in them are more like old industry than tech companies that compete for the newly emerging fields.
- tester756 4y ago
  It sounds like: if they use computers, then they're tech, weird. I don't share the sentiment, I don't see Netflix in the same group as MSFT / OpenAI / AMD / TSMC.
- 6gvONxR4sf7o 4y ago
  Are visa and mastercard tech companies? Or wells fargo?
  - toomuchtodo 4y ago
    Federal Reserve is a tech provider in finance (ACH, FedWire, FedNow instant payments, etc).
PreachSoup 4y ago
U got be kidding me. I'm not from Stripe but fintech is insanely complex when you want to do the dirty work and untangle all kinds of legal and financial mess to provide services globally. They are not called aws for payment for no reason
- mattbrewsbytes 4y ago
  Does that mean that any company doing finance is tech? If we, as a community, decide to tag every industry with "tech" like fintech, agritech, edtech, etc. to companies that are disrupting some industry it loses any meaning. Is every SaaS a tech company? Is disrupting the time tracking or invoice industry mean that is tech? I think the qualifier is for companies that contribute something back, which many of those disruptor companies are using. Usually this contribution is some by-product since there are only a few companies who actually have main products as Tech. Personally I avoid using the word "tech" and just say I do software stuff. Most people outside of computing just think its all the same anyhow ("can you help me with my wifi?" - In Laws, everywhere).

ecshafer 4y ago

Stripe made Sorbet for Ruby.

quelltext 4y ago

Providing an API abstracting over the complexity of payment processing is the technology. Google's search engine is technology but you would probably say "isn't that just a researching documents"? A bit weird how you only deem companies technological if they have released popular OSS or Apple because they produce libraries/frameworks they use internally. Pretty sure all software companies use internal libraries.

roundandround 4y ago
That just seems to feed the point to me. Google was competing with organizations particularly created for a new tech market that didn't exist before them. NYC library was maybe the largest player available to consumers? (Before the emergent search tech like alta vista and yahoo that Google disrupted.) Stripe is a payment processor with the most disruptive automation, competing with other payment processors older than the web. Every industry will be shrinking in people per net work, few industries are new things (at least for the public) enabled by automation. If we want to call all disruptors tech companies, why not also call the old companies that transform to compete with them tech companies too? Then every industry is tech. But really it is the opposite, tech as it ages becomes regular business that is more dependent on trademarks, relationships, etc, so some things we consider tech from recent decades are less so now and companies that stay primarily in them are more like old industry than tech companies that compete for the newly emerging fields.
tester756 4y ago
It sounds like: if they use computers, then they're tech, weird. I don't share the sentiment, I don't see Netflix in the same group as MSFT / OpenAI / AMD / TSMC.
6gvONxR4sf7o 4y ago
Are visa and mastercard tech companies? Or wells fargo?
- toomuchtodo 4y ago
  Federal Reserve is a tech provider in finance (ACH, FedWire, FedNow instant payments, etc).

PreachSoup 4y ago

U got be kidding me. I'm not from Stripe but fintech is insanely complex when you want to do the dirty work and untangle all kinds of legal and financial mess to provide services globally. They are not called aws for payment for no reason

mattbrewsbytes 4y ago
Does that mean that any company doing finance is tech? If we, as a community, decide to tag every industry with "tech" like fintech, agritech, edtech, etc. to companies that are disrupting some industry it loses any meaning. Is every SaaS a tech company? Is disrupting the time tracking or invoice industry mean that is tech? I think the qualifier is for companies that contribute something back, which many of those disruptor companies are using. Usually this contribution is some by-product since there are only a few companies who actually have main products as Tech. Personally I avoid using the word "tech" and just say I do software stuff. Most people outside of computing just think its all the same anyhow ("can you help me with my wifi?" - In Laws, everywhere).