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Stripe raises $18 million from Sequoia

312 pointsby zdsover 13 years ago

28 comments

pcover 13 years ago
Hey -- just want to say thanks to the people on HN who've given us feedback and encouraged us along the way. We're building Stripe for the kind of people who read Hacker News, and the suggestions we've received here have generally been the most useful feedback we've gotten anywhere.<p>So, thanks. We're pretty excited about the next few years.
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pclarkover 13 years ago
I love their name and I especially love their (old?) logo: <a href="http://www.crunchbase.com/assets/images/resized/0012/7313/127313v2-max-250x250.png" rel="nofollow">http://www.crunchbase.com/assets/images/resized/0012/7313/12...</a>
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olivercameronover 13 years ago
One thing that YC drills into you is to not settle for B or C class talent. You just have to look at Stripe's team overview to see how talented this company is: <a href="https://stripe.com/about" rel="nofollow">https://stripe.com/about</a><p>Stripe is a lesson on how to build a company from the ground up. Surrounding yourself with incredibly intelligent people tends to have an outcome like this (both product and valuation). Congrats guys!
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Xixiover 13 years ago
Awesome product, brilliant people, answered all my emails in less than 15 minutes...<p>I so much want to become a customer that I'm seriously considering incorporating ShiningPanda LLC (or C-Corp) somewhere in the United States for this sole purpose. And probably dissolving ShiningPanda SAS (French equivalent, more or less, of a C-Corp) to reduce the costs, as SAS are pretty expensive to keep around, and it would become largely pointless.<p>Do someone have experience with such an endeavor? The part that I can't seem to figure out is how to pay foreign people, living abroad, from an American company. All the while avoiding double taxation.<p>If someone have references toward a good lawyer / accountant / tax lawyer to figure out all that... My email is alexis dot tabary at shiningpanda dot com
staunchover 13 years ago
Congrats guys!<p>There's a lot to like about Stripe, but my absolute favorite under-appreciated thing is their name and domain name.<p>Hard to quantify just how much it helped, but I seriously doubt they would have had quite this trajectory with a name like Chargerly.com or even possibly Stripe.io.
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TomGullenover 13 years ago
We're in the UK, and would love to move away from Paypal. Please come to the UK!
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RexMover 13 years ago
I love stripe. I got everything setup and accepting payments this morning for a side project in less than 20 minutes before I had to leave for work... It's such a joy to use.
kareemmover 13 years ago
First reaction: "Good, maybe now they will expand to Canada!"<p>:)<p>Congrats gang. I'm sure it's only partially a manpower issue with international expansion - dealing with institutions only moves so quickly.
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blantonlover 13 years ago
$18 million - Wow! Congrats to the Stripe team!<p>This definitely draws a line in the sand for the online payment provider process. Looks like Paypal has been served.<p>Disclaimer: my business is a huge Paypal user, but we've been actively looking at Stripe and put in our plans for 2012 to begin to transition to them. Exciting times!
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Dexecover 13 years ago
I've always been extremely bullish on Stripe, so it's good to see this reaffirm my beliefs. Any investor would be crazy not to get in on this.<p>Proud to see more Irish founders succeeding in the US, and as I know they'll be reading here: good job guys, keep it up.
yesimahumanover 13 years ago
Congrats guys! I just want to say that I <i>love</i> Stripe. You are really changing the game. I love that you are focusing on developers.<p>I wonder what might happen down the road when users make mistakes that put themselves in PCI compliance violation (like posting a form to their server with input names, thus sending the card info). What kinds of effects could this have on the business, their image, and the customers?
ChadMoranover 13 years ago
Stripe is a great example of proper developer experience joy. Good job guys!
bostonvaulter2over 13 years ago
The $100 million valuation doesn't seem <i>too</i> high to me. Especially considering the huge potential market.
moses1400over 13 years ago
Woo! Go Stripe! We use them on CloudContacts and love it.
bmaeserover 13 years ago
this is good news. i hope stripe uses this opportunity and expands to europe asap.<p>congrats to the stripe folks!
rabidonrailsover 13 years ago
We've been using them since they were /dev/payments...best decision of our lives.
mshafrirover 13 years ago
Thanks to Stripe, I think that we'll start seeing a lot more weekend/hobby projects that charge for their service.<p>(And I think that's a good thing.)
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ashhimselfover 13 years ago
I can only hope your service comes to Australia soon. If you ever need Australian beta testers please let me know.
mekarpelesover 13 years ago
Congratulations guys, great work on Stripe and awesome + superb customer service
kamikaziover 13 years ago
Someone pls come to India. There is a serious need for good payment processor out here. Anybody who comes up with even half-decent solution wins 75% of mkt-share by default without any sales/mktg/BDM efforts.
kimuraover 13 years ago
If only stripe was around a couple of years ago, we wouldn't have found ourselves locked down with BOA. Having to pay $500 termination fee sucks.
tacheshunover 13 years ago
Good job, guys! Congrats! Please, come to Europe soon!
RegExover 13 years ago
I'm about to use Strip for an upcoming project due to the wonderful things I've heard about it on HN. I'm looking forward to giving it a go!
ssxover 13 years ago
Is Techcrunch pissed they didn't break this story?
cwilsonover 13 years ago
I hope you guys are considering offering payments for marketplaces now as well. Congrats!
alexwolfeover 13 years ago
Such a great service, it puts Auth.net to shame. Well done guys, congrats.
markbaoover 13 years ago
Congratulations to the Stripe team!
propercoilover 13 years ago
wow nice :)