Speaker unverified: belief

Transcript context

…No, we think about this distinction a lot. I think it’s a very good one for startups of pre-distribution versus post-distribution. How do you get people using the product and then how do you make it better when you’re using the product? And when we started Stripe, we were very much building stripe in a single-player mode where you have your Stripe account and the fact that other people use Stripe is, well, they didn’t at the time. We were small. Whereas now a big part of how we can make the products better is the fact that there is so much internet commerce running on Stripe. I mean a very simple one, but it’s really started working, is Stripe Radar where it is now the case that most credit cards on the internet we’ve seen before. And so we know it’s suspicious if a credit card comes to us from a totally new device and totally new IP address and things like that. But that’s the kind of post-distribution thing where you can’t build that product initially, but when you have scale, it becomes very significant. I think one of the most rewarding things about building for small businesses is that you are able to build these real relationships with people who are entrusting you with their numbers and their future. And what can we do when we are translating just not just in the individual context of a single-player world, but the multiplayer world is communities. And I’ve just been thinking a lot about that, which is, what does rural resilience mean? What does economic resilience mean for a lot of people? What does rural resilience mean? I think there’s a general view that the economics of US agriculture are really hard and it’s challenged from a labor point of view. There’s all these different challenges and so maybe you can talk about the landscape and that rural resilience.…

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