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202 Annual Letter to Stripe Users
Stripe’s strategy, however, is focused on the long tail. It has millions of customers (including 1 million via Shopify) compared to ~3,500 for Adyen. It likely makes its margins on the long tail, while keeping prices low for big companies like Shopify for two reasons: 1) to keep Shopify away from competitors and 2) to collect the massive data from ... See more
Packy McCormick • Stripe: The Internet's Most Undervalued Company
Stripe founder John Collison explains his product principle of “talking up to the user”
John believes current consumer product thinking can be harmful:
“You have users by the wheelbarrow. You treat them in aggregate. You talk about MAUs. Everything is statistical and everything - like Linked... See more
Startup Archivex.comIn 2005, sixteen-year-old Patrick Collison (Patrick is the cofounder of Stripe) did what many high school nerds do and participated in the Young Scientist Of The Year competition. As a young teen, he leveraged it to build his app "Isaac" (his entry to the competition). Isaac is what we would call today a chatbot….in 2005, chatbots weren't a thing….... See more