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Stripe raises $600M at nearly $36B valuation

(www.axios.com)
721 points hhs | 3 comments | 16 Apr 20 14:35 UTC | HN request time: 0s | source
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adamqureshi ◴[16 Apr 20 14:54 UTC] No.22889964[source]▶
I wish stripe would offer some relief for the pandemic to their customers. I use them for my business to process CC's but they have not provided anything. I can't get a PPP loan. I'd accept an interest free loan if they would offer it to my business. They did approve me for a loan but want a fee upfront + a slice of daily sales until its paid back.
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1. whalesalad ◴[16 Apr 20 14:56 UTC] No.22889996[source]▶
Beggars can’t be choosers. The fee and slice of sales until paid back is completely reasonable.

Why should one business have to shoulder the struggles of another? Yes, there is potentially a moral obligation to your fellow man. But this is capitalism baby.

If stripe handed out a bazillion loans without any expectation they’d be paid back... what do you imagine would happen?

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2. enumjorge ◴[16 Apr 20 15:00 UTC] No.22890051[source]▶
On the other hand, presumably it’s in Stripe’s best interest for its customers to stay afloat.
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3. jacquesm ◴[16 Apr 20 15:09 UTC] No.22890156[source]▶
If they are viable businesses, then yes. That's the hard part of risk management: determining which companies will make it through if you support them and which will fail anyway, regardless of assistance.