Accepted and ghosted: interviewing for a leadership position at Stripe

For those who have worked around and at Stripe for the past decade, this is not a surprise. Stripe, and especially the founders, have a quite a poor reputation for screwing over people in and around their orbit.

Almost every fintech startup has the story of Patrick reaching out about an acquisition, mining them for information playing along and then ghosting - same thing for candidates. They leadership team, specifically Patrick and Will Gaybrick are extremely smart but have screwed over a ton of people - be very careful about trusting.

You don't hear anything about this online, they're incredibly effective at squashing hit pieces and have a huge amount of reporters and power brokers under their control. On HN and silicon valley Stripe and Patrick are a PR machine. Patrick has almost direct control over YC and HN, you'll notice that every single Stripe post automatically has pc as the first comment, regardless of anything else. Everything negative gets buried.

With Patrick now living in Woodside, Will on permanent vacation in Malibu and John permanently in Ireland the company is definitely a bit in chaos mode internally. Their entire people team has turned over and they're having major retention issues - so I'm not super surprised that stuff like this is starting to leak out.

I run a $XB fintech, and am afraid to use my name given the backlash.

I'm also a founder of an $xB fintech (Coinbase!) and I have to say, this does not ring true to me at all.

I've known Patrick since 2013 or so, and I have found him to be nothing but the highest integrity. Same for John. We are semi-competitors (not a ton of overlap) so you might find it strange for me to stick up for him like this, but I just think this description is wildly inaccurate. As one small example, Patrick has proactively told me when wanting to build competitive products, even when he didn't have to (very positive sum thinking).

He has direct control over reporters and YC? I'm sorry but this sounds like conspiracy theory.

People are living all over due to covid - so what. Remote is the future of work.

There are plenty of more reasonable Occam's razor explanations for some of what is being reported in this thread (and from the OP). You always have to assume ignorance over malice first. For example:

- companies often look at startups they may want to acquire, and decide to pass for various reasons (saying no more than yes is a good process), they then launch their own products (this is why they were looking at acquisitions in the first place), pretty normal

- any time you have thousand of interviews going on, you are bound to get some bad candidate experiences, I know for instance these happen in Coinbase periodically, and we try to minimize it for sure, but you will not get it to zero (especially when growing quickly)

- most rational explanation for OPs issue is that references were checked and came back luke warm/negative, so more were done which delayed it etc (they may not tell you this was the reason to protect sources btw), this is one of many potential reasons, i'm guessing, but benign explanations are more likely

- also, "discussing details of an offer" is not the same as receiving an offer

Anyway - if people had negative experiences, then feedback is great. I just hate to see HN jumping into tear downs and wild conjecture like this. Patrick and John are great founders we can all learn from, and yes human like all of us (not perfect). Let's all help each other improve here, and assume positive intent.

Did Patrick message you to ask you to post this?

The point is not that they have direct control over YC or HN, it's that they have massive indirect control over the organization and have done a wizard's job of making themselves untouchable in the media.

Some context: I'm a former (early) YC founder, and during my batch the YC team recommended that we spend time with the HN team. The HN team gave us edits on our posts, recommended the best times of day to submit, emailed us when stories about our companies hit the front page, and explained how the ranking algorithms worked (and thus we learned how to game them). And we are not the most valuable YC company ever -- so it's possible more was done for Stripe.

It's not direct influence, but rather indirect impact. So again I ask -- Did Patrick request that you write this post?

I'm also a YC founder of a (smaller, but top ~100 in terms of valuation) YC company. I don't know what your experience was like with Stripe, but the notion that Patrick has some unduly amount of power to exercise over HN and YC immediately flags to me as untrue. I've been on the receiving end of a lot of HN criticism, and I can assure you the HN mods and all of YC go above and beyond to not tip the scale in YC founders' favor.

Edits on your posts, recommending the best times of day to submit, explaining how HN algorithms work broadly, are accessible to everyone; these are discussed frequently on HN, and were all accessible to me even before I was a YC founder. I'm also certain the HN team wouldn't need to email Patrick about something like this being on the front page; when my company (~150 employees) is on the front page I get a bunch of messages about it from all sorts of different angles; certainly many of the thousands of Stripe employees use HN and would be capable of sending a Slack or text.

To me it seems the notion that Patrick has "indirect control" over parts of HN is a longer way of saying he has respect. I think Patrick may be the most universally respected founder in Silicon Valley, and perhaps doubly so amongst engineers. I am not surprised at all that people upvote his comments, as he's both the person speaking from authority, and they're usually well reasoned - I use them as a model for how to respond well (something I have not always done).

I'm not saying you're being untrue about your experience (and I don't think OP was being untrue about theirs), but the notion that Patrick as at the helm of an evil empire stealing from companies and manipulating folks to keep it quiet just feels farcically different from reality across the dozens of Stripe and YC/HN touch points I have.