Turning seven lines of code into a $9.2 billion startup

In 2010, Patrick and John Collison, brothers from rural Ireland, began to debug this process. Their company, Stripe Inc., built software that businesses could plug into websites and apps to instantly connect with credit card and banking systems and receive payments. The product was a hit with Silicon Valley startups. Businesses such as Lyft, Facebook, DoorDash, and thousands that aspired to be like them turned Stripe into the financial backbone of their operations.

This is a great read. They have done exceptionally well in a cut-throat business.



2 thoughts on “Turning seven lines of code into a $9.2 billion startup”

  1. With Stripe, all a startup had to do was add seven lines of code to its
    site to handle payments: What once took weeks was now a cut-and-paste
    job.

    So, seven lines of code … to use it.

    Not, well, the actual product itself.

    Bloomberg really ought to skip pretending to do technical writing, I guess, at least for whoever does headlines.

  2. that IS the actual product.. (one of them). – you just buy access to the API.

    they provide complete payment solutions, or a DIY kit if you have your own coders. They do not do whole store fronts.

    they “give you the product” on their site. you just can’t use it because you have to buy the API key.

    but you can play in test

    “Try the Stripe API in seconds. Create your first customer, charge, and more by following the steps below.”

    https://stripe.com/docs

    var stripe = Stripe(‘pk_test_6pRNASCoBOKtIshFeQd4XMUh’);
    var elements = stripe.elements();

    var card = elements.create(‘card’);
    card.mount(‘#card-element’);

    var promise = stripe.createToken(card);
    promise.then(function(result) {
    // result.token is the card token.
    });

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