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Stripe Is Now a $20B Company

(www.bloomberg.com)
563 points jonknee | 1 comments | 26 Sep 18 18:04 UTC | HN request time: 0s | source
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superasn ◴[26 Sep 18 18:37 UTC] No.18078960[source]▶
The thing I love most about Stripe is that they have invested quite a lot of resources in their Atlas program to help people from around the world get a level playing field.

Before Stripe Atlas there was not a single resource that would allow a non American to setup a bank account for their company totally virtually without ever visiting US (i know because I spoke to at least a dozen of different people and everyone agreed that while they could open a company for me, opening a bank account was impossible after the patriot law (?) yet somehow Stripe managed to do it).

So not only they have made great accomplishments in the dev part with their amazing API they have also made a huge difference in many other aspects too that only a few know about.

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1. rz2k ◴[26 Sep 18 20:01 UTC] No.18079696[source]▶
"Do things that don't scale"[1] references Stripe specifically for actively recruiting users, but your description of the Atlas program makes it sound like an extension of that strategy. Whereas launching in a single tiny overseas market probably didn't look like it had favorable numbers in absolute terms, they probably got better at opening new markets after each success, and an ever-increasing portfolio would made it increasingly difficult for competitors to imagine ever catching up.

[1] http://paulgraham.com/ds.html