stripe killed my business
paypapl killed my business
anything that can kill ur business will . a third party as single point of failure will def kill ur business sooner or later .
having multiple backups multiple clouds multiple payment processors multiple platforms setup and ready to go as soon as your business is printing meaningful money is the least nowdays.
It’s also better to choose one where there’s no relying on a single or a few 3rd parties.
I like any type of business, like for example “influencers”, where you get your payments in a few big chunks, from many different entities, via wire transfer. Enterprise is like that, brokering €1mm+ deals is like that.
I remember waiting for uber next to him in SF one night 10+ years ago. This dude must be the son of some mafia boss or some shit and have some crazy blackmail to raise billions for companies that are copies of products where he’s the 12th company doing the same thing.. never turning a profit or anything and yet raising ever more money. doesn’t make sense otherwise
my reply to you would’ve been: “oh, not much, we just made the founder the richest most powerful man on this planet. Right now he’s probably on a giant island in hawaii which he wholly owns, in a €200mm mansion, having an orgy with 25 escorts, while on lsd. Oh, right now he just took the jet, one of 6 €50mm jets he owns, to fly to the coast of italy. there, he will fly his giant helicopter to land on his giant 3 floor yatch with 3 pools where he will fuck 30 more chicks at once. But yeah, we get extra free food for having contributed to that”.
It will remain in the digital realm all this time.
The only major disruption will be to anything content related. You will be able to generate blockbuster films/series for a thousand dollars.
OF, P0rn basically for a few dollars.
Instagram and tiktok profiles of fake people for a few dollars.
Artists will be able to put out thousands of good songs a month and see what sticks, become big with one peraphs.
You’re already able to generate articles/copywriting/books.
Since content will be free, the only value add will be in how much capital you have available to advertise.
AI is to digital content what china did to physical items.
Only advertising money will make or break a product because anyone can go to an AI and have a great product instantly. Just like you can go to china and get a pretty good product instantly.
happened to me twice to reach €10-30kk MRR and they shut it down. mo human support. I had a 1-4% refund rate. After those bans, I’m not allowed to use Stripe at all seemingly. Because as soon as I use a form of ID with my name (even one not used before on a new laptop and new connection and new SIM), the account is blocked as soon as I submit the ID.
For reference, the businesses were social media and skincare related.
Apparently they only accept like 1% of the micro businesses in the world and you never ever get to talk to a human.
It is pretty much the same with every payment provider unless you have an extremely large volume of sales and your industry is at least kinda ok with them.
How did I fix this? well, I didn’t fix it per se. I stopped creating businesses that would require credit card processing.
I built a business targeted for high net worth individuals. Few, large individual transactions that you can collect with an invoice (payooner/quickbooks) or, better, a wire transfer.
maybe if you are a US company and need CC processing, go for authorize.net+some other company.. idk
really? intel a sideways stock from the 70s is the best long you found in the entire planet? out of all the financial instruments and all the markets and all the categories u actually believe that’s the best pain to gain ratio play
well, i tried salvia and I tried shrooms. I don’t see how it’s more philosophical just because it’s a dissociative. at best, it’s more of an ego death than, say, shrooms, if during the trip you become an object. It’s still a unique plant for sure because of it’s dissociative effects. To thread lightly. AFAIK natives in mexico say that smoking it is very bad. and that u’re supposed to chew fresh leaves. maybe chewing fresh leaves doesn’t even cause the same dissociative effects which are unpleasant.
you don't even have to pay the contractors to extract money if we're talking about a legit team, like say Chelsea, you can just buy a bunch of top players and the business will print more money and be valued more if you want to flip it.
FB and Google replaced the “inflection times products” yahoo and myspace. so idk. they just built a better product without an inflection point. they weren’t the first but the last.
overall, the only businesses that worked out for me out of 20 failed ones, were something that i myself wanted, had deep knowledge of and knew for sure other people wanted, was hard to get and that ppl were prepared to pay a lot for.
(Plastic surgery and Fame)
so I would say I was in the market, I knew the market, I was a customer, and then I created a product.
Apple with the Apple I and the iPhone on the other hand was an inflection point product.
OpenAI as well.
It’s crazy to say that all big successful companies are inflection type products. They’re the minority and it’s crazy unlikely to work out.