Oh awesome! I love Stripe Atlas overall for the fast/excellent UX, but Clerky supports PBCs and a higher degree of customization (eg useful for incorporating for https://manifest.is since we had previously agreed on an informal equity split with a bunch of people).
replyHoping that now they'll have the best of both worlds!
Clerky is great, Stripe is really buying all of the great product companies. I feel like with Clerky and Stripe Atlas they, Stripe now controls all of the early incorporation infrastructure now. This feels deeply problematic.
reply> controls all of the early incorporation infrastructure
replyYou don't need to rely on Stripe to do anything. There are other payment gateways, and you can file things yourself (or hire someone).
Do they make things very easy and accessible for a smaller fee than doing it yourself, yes.
In fact Atlas and their push to be a C-Corp is a bad play for us small timers
replyI think Stripe is looking at companies using their services and identifying companies to acquire. This reminds me of Facebook looking at data from pixel data to identify apps with heavy usage they could acquire.
replyHuge congrats to Clerky. They've been doing thins for a very long time, and have awesome support + a solid product (that just... does what it's supposed to do). Congrats Darby and team!
replyWhat’s with all these acquisitions? Stripe realizing it’s going to slowly become PayPal 2.0 because infinite growth doesn’t exist?
replyDoing just payments is a really low margin industry, and the larger the contract you are after, the lower the margins. Therefore, it makes a lot of sense to try to sign up startups, as their growth is your growth. And to win in the startup market, you don't win by lowest costs, but by how much generic work you can save them. Cut their headaches, and they'll be happy giving you a wider cut.
replyThus, a million little acquisitions to make the possible Stripe bundle for small companies stronger, as they become the moat. The opposite of, say, the Adyen play, when you want to lower your own costs, and make money on tiny margins to do processing for really large companies.
AI is making it a low-moat industry too. It's a lot quicker to build some API docs, a behavior tracking JavaScript library, and some fraud detection, with LLMs.
replyI think about their IPO and what seems and likely still is a promising offering seems a little less so with AI offerings. I also wonder if these businesses, suffering from the same AI uncertainties are a good value?
replywe will soon be in the last month of q3
reply+1 to Clerky being a great product. Was super useful for us when incorporating and after as well
replyThank you!
replyChose Clerky over Atlas, never regretted a thing. I recommended it to everyone, pushing through atleast 3 more founders.
replyCongratulations to Darby, Chris, and the team!
replyClerky is an absolutely amazing product and the team there are equally as amazing.
Thank you, and thank you for being a part of our journey!
replyI thought Atlas was pretty comparable to Clerky.
replyWhat does Clerky do that Atlas doesn’t to justify the acquisition?
Have customers and marketing
replyR.e. customers: Atlas accounts for a quarter of Delaware incorporations (https://x.com/jeff_weinstein/status/2023891497792532950?s=20). But yes, Clerky does have additional capabilities, as others point in.
replyI really can't bring myself to put myself behind stripe. Maybe it's because of how the Paypal people turned out. Maybe it is just a dirty business to be in.
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