Stripe CEO says he ensures his top leaders interview a customer twice a month


Digital payments platform Stripe invites customers to join its management team meetings on a bi-weekly basis so it can get “candid feedback,” according to co-founder Patrick Collison.

In an April 8 post on X, the fintech giant’s CEO said the company has a customer join for the first 30 minutes of the meeting, which is attended by about 40 leaders “from across Stripe.”

“Even though we already have a lot of customer feedback mechanisms, it somehow always spurs new thoughts and investigations,” he wrote.

It’s an interesting strategy from Stripe, which was founded in 2010 and is considered to be the highest-valued private fintech in the world (its most recent valuation was $91.5 billion).

Over the years, startups have complained anecdotally that Stripe is more focused on its larger customers than the smaller ones it set out to serve. But the company must be doing something right.  Stripe’s annual letter in February penned by Collison noted that payment volume in 2024 grew to $1.4 trillion, up 38% on the year before.

Stripe also added in the letter that it is now used by half of the Fortune 100 companies, underscoring how it has catapulted from a startup working with other startups into a major enterprise player.

In the post on X, Collison responded to the Cloudflare CTO’s question of when his company would get an invite with a, “Would love to have you guys…will reach out.” 

To the point of smaller businesses feeling neglected, one investor wrote: “Hi Patrick – you know I admire @Stripe – but you should pay attention to the extent things have degraded for the indie community using Stripe. I messaged support a week ago – no reply, things are super complicated. There’s more stuff, but it’s a mess.”

Many praised the move, with one user noting: “Love this. Keeps the culture focused on what matters and helps reconciles (sic) reality.”

And, naturally, some Stripe customers used the X post to post their complaints (here and here). 

However, one high-profile founder seemed to approve of Stripe’s approach: Elon Musk replied to the post with a simple, “Good idea.”



Source link

  • Related Posts

    Aurora co-founder Sterling Anderson is leaving the self-driving truck startup

    Sterling Anderson, a veteran of the nascent autonomous vehicle sector and co-founder of Aurora, is resigning just a week after the company launched its commercial self-driving truck service in Texas.…

    Ex-Synapse CEO reportedly trying to raise $100M for his new humanoid robotics venture

    Sankaet Pathak’s last startup, fintech Synapse, filed for bankruptcy in 2024 amid issues with partner Evolve Bank & Trust. Tens of millions of dollars in deposits made by consumers, mostly…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    Statement by Prime Minister Carney on the election of His Holiness Pope Leo XIV

    Statement by Prime Minister Carney on the election of His Holiness Pope Leo XIV

    U.S. and Canadian Trade War Goes Full Contact: Zone·ify Presents a TNA Produced Wrestling Event “The Border Brawl”– Where Diplomacy Ends and Body Slams Begin

    Carvana’s record quarterly results top Wall Street expectations

    Carvana’s record quarterly results top Wall Street expectations

    Celsius CEO Alex Mashinsky sentenced to 12 years in multibillion-dollar crypto fraud case

    Celsius CEO Alex Mashinsky sentenced to 12 years in multibillion-dollar crypto fraud case