patio11

82 ms·

541.
by patio11 8y ago
Not in the insurance industry, but as someone who is aware of how they price risk: the zip code you park in at night heavily influences loss rates (and therefore premiums) and self-reports of it are not always accurate.
542.
by patio11 8y ago
Chicago is an odd inclusion in that sentence.
543.
by patio11 8y ago
In parallel: 1) Produce publicly visible artifacts which demonstrate that you're able to apply technology to impact business outcomes. You do not need many of these; ~3 is fine. You do not need to block on the other steps. You do nee
544.
by patio11 8y ago
Pizza shops don't have a VC-funded growth trajectory built in and thus don't spend prodigious amounts of money (relative to their volume) on marketing. Blue Apron spends about a million dollars on marketing. Every 2 days. I am usi
545.
by patio11 8y ago
We want a lot of things from retail banking: We want it to be ubiquitous. We want it to be close to free for retail customers. We want it to not lose money on underperforming loans. We want it to extend the social benefits of credit in the
546.
by patio11 8y ago
They’re really helpful if you want to live in a world with for-profit international companies. (You want to live in a world with for-profit international companies.)
547.
by patio11 8y ago
We should chat! My email is my username at stripe.com
548.
by patio11 8y ago
Starts at $500. We can't quote a firm price because you can do things in the company (it is your company, after all) which make it more complicated. There are an infinite number of contracts that a company could hypothetically sign, so
549.
by patio11 8y ago
It doesn't, but we help people get them on an ad hoc basis. Mind if I make a guess? You're probably wondering "Can I get a DUNS number so that I can list something on the App Store?" if you're like 90% of people who
550.
by patio11 8y ago
We have thousands of users in over 125 countries, and do substantial amounts of work to ensure that we're making our services available as widely as possible. If there is a particular thing you'd want to improve the service for fo
551.
by patio11 8y ago
We do provide C corporations. It was the first option we launched with, and a core goal of that was supporting non-US founders.
552.
by patio11 8y ago
We're not lawyers and we cannot licitly give legal advice, but part of the service is that we can introduce you to lawyers. We do have guides about topics including that topic specifically; you can find them at https://strip
553.
by patio11 8y ago
There's a variety of ways to implement it. A common way is that you purchase your shares from the company for par value (e.g. $0.000001 per share) and the company has the right to repurchase them for par value, with the number of share
554.
by patio11 8y ago
Owning a US LLC as a non-resident can be complicated; it depends on a variety of circumstances regarding what you do, how your business interacts with the US market, whether you are a US citizen, where you live, etc. You may wish to speak t
555.
by patio11 8y ago
Thanks; will correct.
556.
by patio11 8y ago
We have a number of accounting firms which we work with that we refer Atlas customers to. This lets us explain the Atlas concept once, prepare the firms for "You're going to have a high volume of companies who will often have the
557.
by patio11 8y ago
https://stripe.com/atlas Ctrl-F for "ongoing costs" It's impossible to give you a fully inclusive quote without knowing more of your situation, and I'm not qualified to comment on e.g. tax consequences f
558.
by patio11 8y ago
We don't yet foreign entity registration in the product, but you could imagine us automating this, in addition to the Delaware franchise tax filing and registered agent services which we already handle.
559.
by patio11 8y ago
The Stripe Atlas LLC does come with an operating agreement which contemplates members leaving.
560.
by patio11 8y ago
$10k isn't the high end, either.
561.
by patio11 8y ago
Google has some issues that you and I probably do not, and has some lawyers and accountants that you and I probably do not. Thankfully, we don't have to build a product which seemlessly works for this Google; we just have to build one
562.
by patio11 8y ago
You can absolutely apply to Atlas if you already have a Stripe account, and (without interrupting use of that account) can use your new Atlas company as the owner of the account and take payouts from it into your own bank account. (It'
563.
by patio11 8y ago
Context for folks who haven't encountered vesting before: vesting is an arrangement where, instead of getting all of your ownership up front, you earn it over time. For example, you might have a fairly common arrangement in Silicon Val
564.
by patio11 8y ago
Part of the reason I started working at Stripe is that I remember going through exactly this and it freaking sucked. Building a product and finding customers for it is hard enough without also having to cross-class as an expert in interna
565.
by patio11 8y ago
https://www.azlo.com/
566.
by patio11 8y ago
We do not at present have this available, but we’re quite aware of many people wanting to do that, and we want to support it if we can figure out a way to do it fantastically.
567.
by patio11 8y ago
You're welcome to have your company do business with anyone you wish it to do business with. We do not obligate you to use any Stripe product; we feel like we should always have to earn your business. (We in fact go further than that;
568.
by patio11 8y ago
Same story for C Corps, FWIW.
569.
by patio11 8y ago
We do not support LLCs as subsidiary of other companies, for reasons. We do support that use case for C corporations. There are complicated tax issues involved here; an accountant can talk you through them.
570.
by patio11 8y ago
There's a great and very common use case for LLC to C corp, so we prioritized building that. I'd love to hear what your use case is for the other way around; if it is something which creates a lot of value for a lot of founders, w

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