Stripe is THE platform behind the platforms in the creator economy.
I asked Ellen and Connor from @stripe about:
1. How Stripe powers creator platforms
2. What Stripe vision is for the creator economy (and does it include web 3?)
Here's a breakdown...
creatoreconomy.so/p/stripe-in-th…
I asked Ellen and Connor from @stripe about:
1. How Stripe powers creator platforms
2. What Stripe vision is for the creator economy (and does it include web 3?)
Here's a breakdown...
creatoreconomy.so/p/stripe-in-th…
1/ Twitter is dominated by hype cycles and FOMO.
Stripe is not.
Instead, the company is building "boring" infra to help creators get paid by fans in 100+ countries.
Boring but game changing.
Stripe is not.
Instead, the company is building "boring" infra to help creators get paid by fans in 100+ countries.
Boring but game changing.
2/ Payments is really hard.
The table below highlights all the challenges.
No business or creator wants to deal with all this stuff just to move money from point A to B.
Stripe doesn't mind "being the plumbing."
The table below highlights all the challenges.
No business or creator wants to deal with all this stuff just to move money from point A to B.
Stripe doesn't mind "being the plumbing."
3/ As a result, Stripe powers creator monetization for many leading platforms:
@Twitter
@substack
@Clubhouse
@anchor
@ConvertKit
@stir
@gumroad
@Ghost
@trykarat
@buymeacoffee
@jemi_hq
...the list goes on.
@substack
@Clubhouse
@anchor
@ConvertKit
@stir
@gumroad
@Ghost
@trykarat
@buymeacoffee
@jemi_hq
...the list goes on.
4/ Since Stripe works with so many platforms, I tried to probe on which monetization channels are the most effective.
Connor's answer is that it really depends on the platform and content (e.g., Subs work on Substack but might not work as well on Clubhouse).
Connor's answer is that it really depends on the platform and content (e.g., Subs work on Substack but might not work as well on Clubhouse).
5/ What is Stripe's vision for the creator economy?
From Ellen: "I imagine a world where creator monetization isn't dominated by ads or concentrated in a few big companies or individuals."
From Ellen: "I imagine a world where creator monetization isn't dominated by ads or concentrated in a few big companies or individuals."
https://twitter.com/patrickc/status/1379191749550071811?s=20
6/ What about web 3?
"As you can imagine, this is a space that we're looking at closely.
It's relevant to our goals around infra, democratization, and allowing creators and businesses to monetize their work.
We don't have anything specific to share right now."
Hmm...👀
"As you can imagine, this is a space that we're looking at closely.
It's relevant to our goals around infra, democratization, and allowing creators and businesses to monetize their work.
We don't have anything specific to share right now."
Hmm...👀
7/ To recap, there are two things that I've always been impressed by about Stripe:
1. Its not afraid to solve hard problems that nobody else wants to solve
2. Its customer obsessed despite being an "infra" company. It's very easy to get in touch with a real person at Stripe.
1. Its not afraid to solve hard problems that nobody else wants to solve
2. Its customer obsessed despite being an "infra" company. It's very easy to get in touch with a real person at Stripe.
8/ If you enjoyed this, follow @petergyang and subscribe below, I plan to dive into web 3 in earnest next:
creatoreconomy.so
creatoreconomy.so
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