5 ms·

Wow this is a pretty big spin. To me it sounds like they basically got fired or let go and/or lost their main investor.

• nl 4y ago
  That's an... odd.. (ok.. wrong) interpretation. Stripe previously completely bought them out. So Stripe had complete ownership. A company firing you and then giving you ownership of a company they had previously bought seems unlikely.
  • kelipso 4y ago
    They have $0 MRR, so presumably Stripe was paying them to work on something that makes no money. If Stripe didn't want to do that anymore and didn't want to generate community ill will from shutting down Indie Hackers, this would be the scenario.
    • NiagaraThistle 4y ago
      It was never bought by stripe to have MRR. The initial acquisition by Stripe was to allow Courtland (and Channeing) to continue just inspiring people to become business founders. No revenue generation, no MRR for IndieHackers. Just continue inspiring people to start businesses by sharing advice and success stories. The goal was to increase the number of independent online businesses directly or indirectly and by doing so hopefully increase the number of online businesses that used Stripe.
      • gardenhedge 4y ago
        What has changed?
        • NiagaraThistle 4y ago
          I hope Courtland and/or Channing does a podcast to explain this.
  • gardenhedge 4y ago
    It's not odd or wrong. It's clearly based on the information presented.
• openplatypus 4y ago
  FTA: > This has been about four months in the making. Branching out on our own is something we mutually decided on with Stripe, and we're excited about it! Do you have reason not to trust @csallen?
  • gardenhedge 4y ago
    There's not enough info. Who brought it up and why?