We launched Stripe Capital today: https://stripe.com/capital It offers extremely fast, data-driven access to working capital in advance, based on your business' activity on Stripe. This was my #1 ask of Stripe as a customer for 3 years running. I'm so happy we're rolling it out.
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Why was this my #1 ask? Let me screengrab the cashflow report for a SaaS company I used to run from a year where I really wanted this. Green is revenue, red is expenses, gold is profit. This graph starts at 0; the business is profitable every month.pic.twitter.com/L7fVrPCcFH
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Replying to @patio11
Would the advance offered by stripe based on your mrr have covered that period entirely or would it have just been a more desirable option that let you avoid some of the dicier stuff you had to do?
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Replying to @tenlinesofcode
It’s tough for me to answer that counterfactual in a rigorous fashion since material inputs to the question are our counterfactual risk appetite years before I joined Stripe and then extremely specific data about a business I no longer own.
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Can I answer a simplified version of this? “Would you have taken Stripe’s plausible hypothetical offer back then?” Clear yes to me.
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