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Stripe raises $600M at nearly $36B valuation

(www.axios.com)
721 points hhs | 1 comments | 16 Apr 20 14:35 UTC | HN request time: 0s | source
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JaakkoP ◴[16 Apr 20 14:56 UTC] No.22889999[source]▶
I love the quote from John Collison:

"This is digital migration in a very compressed period of time, for both businesses and customers," Collison adds. "My mom recently asked me if I'd heard of 'this Instacart thing.' Yeah mom, I have."

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tlrobinson ◴[16 Apr 20 15:19 UTC] No.22890270[source]▶
Sadly, it’s also likely one of the largest and fastest transfers of wealth from small businesses to large corporations. As Amazon hires 100,000+ workers how many small businesses are shuttering for good?

Stripe is one of the “good” tech companies in this respect by helping to level the playing field for smaller businesses, but it’s not going to be enough.

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1. hnick ◴[16 Apr 20 23:02 UTC] No.22894468[source]▶
It's interesting to see smaller companies adapt though. Local cafes in Australia are selling toilet paper and soap.

Overall I agree with your point. Many have shut their doors and I don't know if they'll reopen.