How Stripe got their first customers?

Traction, at less than one month: Ross Boucher, founder of Web software development startup company 280 North, is the first Stripe customer, signing up two weeks after the prototype is built. The company’s first 20 users are all Y Combinator graduates, and many of them, including Boucher, join the company as employees.

How was Stripe created?

John and Patrick first started working on Stripe in early 2010. The inspiration came when Patrick, who was working on a few side projects, kept complaining about how difficult it was to accept payments on the web. The two quickly developed a simple solution and within 2-weeks they had processed their first transaction.

How does Stripe technology work?

How Stripe Works. Stripe is a PSP (Payment Service Provider) that lets business owners collect payments, including recurring payments, and transfer them directly to their own account instantly. It does this by eliminating the need to store credit card information, which is what limited business owners before.

Who designed Stripe?

Ludwig Pettersson, the first designer at Stripe, talks to us about redesigning payments, his influences growing up, and about the type of designer they’re looking to hire during their collaboration with Bridge.

What was Stripes first product?

Stripe raised seed money from Paul Graham and Y Combinator in June 2010, thanks in part to the Collison brothers’ successful 2007 launch of their first company Auctomatic (which they sold in 2008).

What did Stripe invent?

Stripe was designed to make it as easy to set up an online payment system as to tick a box on a website. Its software made it simple for any website or app to accept payments, without having to obtain its own licences or strike deals with the many different banks and card operators.

When was Stripe founded?

2009, Palo Alto, CA
Stripe/Founded
Founded by Irish brothers Patrick and John Collison in 2009, Stripe has grown from tech upstart to a payments powerhouse processing billions of dollars in transactions each year for the likes of Amazon, Google and Deliveroo.

How did Stripe get its name?

Still, it was just one of many names the early team threw into the hat before finally deciding on Stripe. In the beginning, the name began as a tech-heavy /Dev/Payments (SlashDevSlashPayments) until misspellings and misunderstandings led them to change it.

What made Stripe successful?

Stripe’s early success in acquiring customers was largely due to its mass appeal to the developer community. As a result of its product innovation efforts, Stripe has seen explosive growth in product adoption and valuation.

How much is Stripe worth?

Payments processing startup Stripe earlier this year became the most highly valued venture-backed private company in the U.S. and the third most valuable in the world when it was valued at $95 billion in its Series H funding round.

Why did I join Stripe?

I joined Stripe two years ago to make starting an Internet business easier, mostly by work on Stripe Atlas. After founding four small software companies I wanted peers to deal with less nonsense, either by productizing a solution to it or by writing up the things I wish I had known back in 2006 when I started.

When did you start using stripe payments?

Here’s one: I started in September 2016. At that point, Stripe Payments had publicly been available for 5 years. Stripe is, qualitatively and quantitatively, about as different counting from my start date to today as it was counting from launch to my start date.

Is stripstripe a hyper growth stock?

Stripe has experienced hypergrowth over the nine years where it has been publicly available, and I’ve seen four years of that personally. You’ll forgive me for not putting a number on it.