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The two founders/employees probably cost $600k/year and at this point, Stripe is so well established that IndieHackers sponsorship probably doesn't move the nee
by reducesuffering 4y ago
The two founders/employees probably cost $600k/year and at this point, Stripe is so well established that IndieHackers sponsorship probably doesn't move the needle much on Stripe adoption anymore. They probably just mutually agreed to cut ties and the founders will have control over their own revenue / income.
- lispybanana 4y ago$300k each sounds high. I don't believe they had reports. It was its own fiefdom. Probably closer to ~$200k. I don't believe they are Bay Area–based, either, where 300 might make more sense.
- reducesuffering 4y agoA stripe software engineer in the US is easily making $300k, including equity, unless they’re a new grad. Add another 10-15% for their benefits and total cost to Stripe.
- lispybanana 4y agoYes, but my argument is they were not engineering the payments infrastructure. Do you think the Allens had commit privileges to the Stripe codebase? That seems unlikely.
- reducesuffering 4y agoIt seemed like a standard acquisition / acqui-hire. Buy out the business, Stripe owns it, the employees are paid like Stripe employees. Access to codebase is tangential, big tech co codebases are already very segmented off into tons of repo's with different access permissions. Ultimately, this is just conjecture.