Stripe: A Trillion-Dollar Side Hustle

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Stripe is one of the fastest-growing startups we’ve seen in the mobile era. They’ve grown from $0 to $1 trillion in annual payments processed within just 14 years. This is especially impressive given that they entered a highly competitive industry dominated by giants such as Mastercard, Visa, PayPal, and American Express. Yet, despite the odds, Stripe managed to grow to a valuation of nearly $100 billion. Their secret was simple: going after a different target market. They tailor-made Stripe to be extremely easy to use for developers. In fact, you only needed 7 lines of code to integrate Stripe into any website. Nowadays, they even have no code options. Aside from simplifying the integration process, Stripe targeted smaller websites and local stores that the bigger players generally overlooked. And as these businesses exploded in popularity, so did Stripe. This video explains the insane rise of Stripe and how Stripe became one of the most successful startups in the world.
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Timestamps:
0:00 - Stripe
1:15 - Humble Beginnings
4:38 - The Genius Of Stripe
7:24 - Organic Growth
9:26 - Stripe’s Secret Sauce
Resources:
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Disclaimer:
This video is not a solicitation or personal financial advice. All investing involves risk. Please do your own research.
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[@HemstitchedIrony]

As a developer who uses Stripe, they understand what developers actually want, good documentation and simple implementation.

[@LogicallyAnswered]

Built by developers for developers :)

[@honor9lite1337]

​@@LogicallyAnsweredtech startup's meme😂

[@Kent11371]

Stripe refuses to cancel subscriptions when the users cancel them.
This is why in a lot of countries you cannot buy a Midjourney subscription, because of all the illegal charges the banks block the transacations now, and it will soon be the same for Leonardo AI as well.
I will never support a company that uses stripe because they keep taking money even after you cancel, it's called stealing and no amount of propaganda is going to convince me or my bank to ever trust that company again
If you want to destroy your company, use stripe as a payment processor

[@CyrilCommando]

I know them as the company that has banned all pornographic transactions and therefore I cannot support them.

[@CyrilCommando]

I know them as the company that has banned all p##n transactions and therefore I cannot support them.

[@thecodemachine]

Stripe succeeded because PayPal was just that bad.

[@KomitLive66]

You're a legend bro 😂

[@monbeauparfum1452]

Stripe is as bad as paypal

[@Okanhasanov]

Hi bro do you have a stripe account I need one for an ecom that me and my partners have we can lease it from you and pay you a % of our sales.

[@solitivity]

@@Okanhasanov Sus af.

[@govindagarwal3310]

0:25 that graph is so misleading, it should be considered a war crime

[@iseeyoueverywhereigo]

lol

[@Okanhasanov]

Hi bro do you have a stripe account I need one for an ecom that me and my partners have we can lease it from you and pay you a % of our sales.

[@rhy8336]

Please make the background music quieter

[@sleepywolf1533]

It’s terrible…

[@Fanaro]

Stripe is one of the only few tech companies I root for. Great product. Great customer service. Reasonable fees.

[@raylopez99]

You think that percentage Stripe charges, what was it, 2.8%, for doing nothing but acting as a middleman is reasonable? You work for Stripe? Seems to me they are like Sun Microsystems was to small businesses, a way to make money doing for smalls what bigger players like IBM did for bigs. I hope for their sake they don't go the way of Sun Microsystems.

[@Vasudeva-yv2ie]

Are you hear about Indian UPI !
It's free bro 😉

[@techwithib]

Me too!

[@unkshiva]

Now explain me how to integrate UPI for receiving money ?​@@Vasudeva-yv2ie

[@anonymousanonymous6424]

​@@Vasudeva-yv2ieIt's govt funded that's why. Let govt make it chargeable and see.

[@OLAKEMFA]

Stripe is currently holding my money

[@LogicallyAnswered]

Oof

[@toddscamera]

Hasn’t happened to me 🤔

[@honor9lite1337]

But why🤔

[@BadIronTree]

Its ether bad documents or sanctioned or Flaged as fraud...

[@OLAKEMFA]

@@BadIronTree they gave me no reason. However i think I processed too much money too early. But they dont even allow you to call them unless you have an account which they have shut down

[@balpreetsingh6834]

Welcome back. Great video as always.

[@LogicallyAnswered]

Thank you as always Balpreet!

[@Okanhasanov]

Hi bro do you have a stripe account I need one for an ecom that me and my partners have we can lease it from you and pay you a % of our sales.

[@aleksandargapkovski8055]

Can't wait to see the quality increase in your new videos. You are one of the best youtubers about business and tech out there, the topics you choose to talk about are always fun.

[@LogicallyAnswered]

I’m excited too! You should see the difference starting August!

[@arghya_333]

Allow users to easily switch to products of other competitors? Now that's one hell of a reason to use their products. The world would be a better place if most other companies did similar stuff.

[@alameenpd]

I started building plinxu an alternative to stripe and PayPal

[@Okanhasanov]

Hi bro do you have a stripe account I need one for an ecom that me and my partners have we can lease it from you and pay you a % of our sales.

[@marufbepary100]

I also used Stripe for 2 of my projects. It is very easy to use and their documentation is really nice.

[@LogicallyAnswered]

Ah I bet

[@gswthc]

not until they take your money away

[@Okanhasanov]

Hi bro do you have a stripe account I need one for an ecom that me and my partners have we can lease it from you and pay you a % of our sales.

[@gswthc]

@@Okanhasanov why don't you guys just apply one?

[@SilentEire]

We’re not just a tax-haven 😉 🇮🇪

[@LogicallyAnswered]

Hahaha

[@icurcuwl]

You are a great tax haven, though. Greetings from The Netherlands ❤

[@Okanhasanov]

Hi bro do you have a stripe account I need one for an ecom that me and my partners have we can lease it from you and pay you a % of our sales.

[@KaranLungatar-bo1lp]

Honestly, I don't understand why you're discussing these dubious schemes. There are plenty of options like Unimantic and similar ones that are fast and profitable.

[@Awesome_Naphtali]

Elon Musk also invested on strip what a genius.

[@SamuelKidima]

Haha sounds cheesey

[@Okanhasanov]

Hi bro do you have a stripe account I need one for an ecom that me and my partners have we can lease it from you and pay you a % of our sales.

[@mixerobrand]

every topic of the video is amazing. thank you , very inspiring.

[@Maceman1990]

Please change the graph at 0:27. The visuals show stripe dominating while it is 0.2% lower. You place your viewers on a wrong footing.

[@JohnWiku]

I've never heard of stripe's existence until now 😂😂😂

[@LogicallyAnswered]

Well, they are a background company

[@hoodrich6380]

That means you have to start hustling

[@Terandium]

You have most likely used them

[@honor9lite1337]

High likely you're not online hustler 😅

[@abhinavprabhakar455]

You probably don't code.

[@SamuelKidima]

This sounded more like an AD than a documentary.I quess its the music background

[@LogicallyAnswered]

Appreciate the feedback man

[@andrews5069]

Stripe isn't a startup. They are an established company now and have been for many years. For some reason people keep calling tech companies startups even though they are past this stage. At least Google isn't called a startup any more.

[@LogicallyAnswered]

I think it’s cause that haven’t IPOed yet

[@Redranddd]

Nice company, doing what they should do, no tricks

[@Papasot]

Omg he’s back

[@LogicallyAnswered]

Yes sir, uploads are gonna be a bit sparse over the next month though. Redoing our production process :)

[@HotblockLLC]

It takes more than word-of-mouth to get a16z to pony up cash. And nice ad btw; the music's a dead giveaway. At least traditional media tells you when content is sponsored.

[@LogicallyAnswered]

Not sponsored hahaha :)

[@elonnut]

Stripes usability and simple integration made it the easy choice for us, and you can use one account to host multiple gateways

[@Vicky-cd8hh]

Stripe recently acquired LINK. Now they are ditching the ECH payment method. You should have included that too in the video.

[@dsolis7532]

It’s an add

[@andrewreynolds912]

Heres my question can you do payments over to forgien countries or to forgien artists like in china or Mexico while in america or denmark like Pay Pal can? Thats what im wondering please hope to hear if thats the case thanks!

[@ignored34]

Get rid of the background music

[@Roeclean]

nah, I like it

[@techwithib]

You have been ignored!

[@jidionclips_fan5720]

yeah

[@post-nerd]

It’s just too loud is all

[@JSLXMD]

Good to see you 👍

[@LogicallyAnswered]

Yes sir, thanks for being here!

[@BurnzOfficial]

That’s my POS system for my business.

[@brovriscoolvriscool5277]

I was watching this while making a nuke bomber plane in Minecraft. Thanks for the good Video.

[@LogicallyAnswered]

Nice

[@v3ct0r76]

Unfortunately Stripe become too big for small businesses. I mean that if anything goes wrong, it's super hard to get quick answer from their support because they do now have any account supervisors etc but can close your account for being "too risky" in just one second and ruin it

[@alexanderfurre8547]

As a developer I can tell you, if they ever IPO, BUY THE HELL OUT OF IT.

[@tomas.montilla]

Good video, and welcome back.
I have to say, kudos on trying something new but I’m not sure the updated music really fits the mood of your videos.
Too upbeat and it sometimes overpowers your voice. At least compared to the previous tracks. The new ending transition is great though

[@LogicallyAnswered]

Appreciate the honest constructive feedback Tomas!

[@alvabarroso]

Paddle is a great alternative with amazing DX. Also a merchant of record, so no need to pay taxes all over the world

[@dipteshchoudhuri]

Its quite a bit more expensive than Stripe/Paypal though.

[@subzero0000]

Having implemented stripe, paypal and mastercard in the past, I'd definitely recommend stripe to my peers.
Unless I want that person to suffer. 😁

[@amrasminn]

The background music choice made it feel like an ad and was too loud. Other than that, great video as always.

[@LogicallyAnswered]

Thanks for the feedback man

[@camilordofficial]

I like that you now show your face, awsome bro.

[@calculate.]

Education is about learning something new not just attending school!

[@s43m]

Other countries can just import UPI from India and these companies will be done for. It's the best payment processing system which has no added costs too.

[@lII99]

good as always can you do openai next?

[@LogicallyAnswered]

Have a few videos on them already :)

[@lII99]

@@LogicallyAnswered ❤ ❤i watched all of them but i need more from you , i love your content so much

[@dsolis7532]

This is the longest add in TH-cam, Jesus man… guess why there is no sponsor… is all sponsor

[@LogicallyAnswered]

Not sponsored man

[@mriz]

@@LogicallyAnswered why background sound ads theme?

[@trevorashala9424]

Its his channel .open yours and dont do adds .its simple

[@MyWasteOfTime]

Never even heard of Stripe...

[@booneboone9705]

Not unusual especially if you don't own a E-commerce business

[@WikiPeoples]

Remember everyone in the comments: Comparison is the thief of joy.

[@Vansh-qu7bm]

I want to say thank you to the guy in the comments who recommended Unimantic to me. You've been very helpful. Thank you!

[@paulam4301]

I will never use stripe, i've read so many complaints about them

[@sir_arsen]

not that hard to be better than paypal

[@LogicallyAnswered]

Hahaha

[@hridayfcb]

Every good startup you talk about is “The biggest tech startup in the world” HOW

[@LogicallyAnswered]

Biggest in different ways. Stripe is def biggest fintech startup

[@hridayfcb]

@@LogicallyAnswered Good enough. Appreciate it

[@mission3479]

I rather buy products online through PayPal that way I know my payment info is going to a trusted third party

[@VoidEdits8973]

Finally, bro is back! Atleast tell us before that you are stuck in some work or like that!

[@LogicallyAnswered]

Redoing the production process :)

[@lockout125]

Great background music, didn’t realize you were even speaking 😂😂😂😂😂

[@choqao]

you know who comes early - always here early!

[@LogicallyAnswered]

Thanks for being early Choqao!

[@NotAJosh]

Yes, because when my floatplane membership renews that’s what they use 😂

[@amrasminn]

The background music choice made it feel like an ad for Stripe and was too loud. Other than that, great video as always.

[@LogicallyAnswered]

Appreciate the feedback man

[@MrSamPhoenix]

Didn’t even this company existed.

[@Arturino_Burachelini]

I saw you experimented a lot in this vid: no chapter delimeters, "corporate music". We can do without the latter, but can do with the former

[@LogicallyAnswered]

Appreciate the feedback man!

[@Arturino_Burachelini]

@@LogicallyAnswered Appreciate your videos, mates!

[@agoodmansaid]

What’s with the music this time bro?

[@makotao7218]

make a video about databricks!!

[@SherwinDSouza-fm3tw]

OFC we heard of it

[@wedaj]

At this point elon musk is time traveler

[@hitmusicworldwide]

Wow this was the first positive tone video I've seen from this channel There was no dark side is this going to be a trend now? By the way I use PayPal and I don't have any problems with it I haven't gotten around to integrating stripe yet and I'm thinking they may be more intrusive?

[@LogicallyAnswered]

Yeah, def don’t wanna keep making negative videos only haha, but full transparency, those do a lot better

[@hitmusicworldwide]

@@LogicallyAnswered people do love their daily snort of cynicism. I mean I like things to be objective and avoid empty fawning, but I'm also tired of the constant mean girl conspiracy BS too.

[@Fanaro]

How is Stripe still only at ~100B?!

[@dee-jay45]

It's actually only 65 Billion as of the most recent valuation.

[@IAmSchilling]

2.9% + 30cents per transaction seems ridiculous to me, in germany we pay nothing for most transactions, paypal for instance is extremly popular in germany due to 0 transaction cost for consumers

[@LogicallyAnswered]

What about fees that merchants pay for credit cards though? That’s the comparison

[@danieltanasec]

Visa and Mastercard are not Stripe’s competitors

[@marcelvalue]

Are you sure Stripe is not known to keep back money like its main competition?

[@assaultressgamer]

Please lower the background music. Too louuuuud.😢

[@litDevYT]

Where had blud gone? 😭😭

[@LogicallyAnswered]

Redoing our production process. Should be seeing big quality increase in August :)

[@RadioClassics]

Please do a video on the trashy USPS service.

[@LogicallyAnswered]

Hahaha

[@VirendraBG]

Gave up on this video at 5:16.
Super annoying and loud 📢 background music.
👎🏻

[@samelobinna101]

Paystack > Stripe 🇳🇬 to the 🌍

[@yungifez]

Stripe owns paystack though so....

[@Lotanna20]

​​@@yungifezwow i never knew

[@yungifez]

@@Lotanna20 yeah it went under the radar
200 million bucks is insane though

[@RajuYadav-qm4ic]

Stripe not available in India 😢for developers😅

[@noorlancer]

i love stripe

[@primeseal9202]

this is almost like an advert

[@HACKTIONREPLAY]

clearly was

[@uday2101]

UPI laughing in corner

[@jessenthebenezer]

Hi Hari, ive been wondering if you speak Tamil

[@LogicallyAnswered]

Yep, I do

[@keyonlewis7574]

I planning to move overseas to set up a bank account so i can get a strip account. I am a software developer in st.vincent

[@mrchatterjee_]

Fix your microphone and tone down the music. Your Target audience doesn't care about these music rather useful information like this. Way too much loud noise and hollow voice. A feedback imo.

[@LogicallyAnswered]

Appreciate the feedback man

[@Fanaro]

Still dislike this backgorund music.

[@LogicallyAnswered]

Appreciate the honest feedback man!

[@ViceCoin]

Crypto beats Stripe.

[@mathemat3939]

Everyone knows Stripe.

[@junyaiwase]

yo am i listening to you or music bro? goddamn

[@LogicallyAnswered]

Appreciate the feedback man

[@noorlancer]

background music ruined the vid ngl

[@dhudhwani]

Stripe doesn't exsist in india. I think that's due to UPI revolution

[@Ibeliveinmiracles]

So much happiness and joy $47k weekly returns has been life changing. AWESOME GOD I now have a house and can now afford anything for my family even with my Retirement..

[@MaryAngelaWalker]

wow this awesome 👏 I'm 37 and have been looking for ways to be successful, please how??

[@Ibeliveinmiracles]

Grace

[@Ibeliveinmiracles]

Angela

[@Ibeliveinmiracles]

Boots

[@helenasher3498]

I remember giving her my first savings $20000 and she opened a brokerage account for me it turned out to be the best thing that ever happened to me.

[@monbeauparfum1452]

1 trillion volume processed not valuation… clickbait title 💩

[@George-nd7ot]

STRIPE IS NOT A STARTUP

[@EnriqueMcQuade]

Hello

[@LogicallyAnswered]

Hey Enrique

[@alameenpd]

Hey guys i am building plinxu an alternative to stripe and PayPal for third world countries

[@gilberttello08]

👌👌

[@jeffmcdonald101]

Had to bail halfway through because of the distractingly loud music. It's overpowering your voice and zaps concentration. Shame man, your content is top shelf.

[@amritsingh6987]

what on earth is Stripe!?
Sounds like an artest company.
Am I wasting my time here?
Anyway I'll watch the video and hope stripe isn't some new skeem to sell art and nft's or anything like that.
Can it just be a money making thing.
I'd love something Where I can use a nice service to receive money for my mailing list subscription or other digital products.
Wishful thinking so I'm just gonna stop commenting now

[@ninjonymous]

Bhai Moochein kyun badha raha hai

[@ShibaHamamatsucho]

stripe is the worst for small businesses though. they will hold your money with no reason given for indefinite periods. stay away.

[@seaplayz.]

Me when i only see then today and then suddenly i get an explanation:

[@LogicallyAnswered]

Hahaha, TH-cam is listening

[@raylopez99]

Ridiculous company. Way overpriced. But what do I know?

[@bluewellATV]

Who is cheaper??

[@antiimperialista]

clickbait unsubbed and disliked

[@__-pz4hc]

dont show ur face, it ruins the aesthetic of the video, only show stock footage, no need to show ur face.

[@HokageJamal]

One look on stripes trustpilot will show you that stripe isn’t loved at all lol - stripe is trash for small businesses