E-payments giant Stripe has bought Indie Hackers, a knowledge-sharing site for entrepreneurs.
Stripe is one of the fastest growing tech companies in the world. It was recently valued at $9bn. In addition, Stripe’s staffing level is expected to soon reach 1,000 people.
Courtland Allen founded Indie Hackers a year ago. The site allows independent entrepreneurs to share their knowledge and experience, as well as get advice from others.
“At its heart, Indie Hackers is a place for having honest and transparent conversations about starting and growing online businesses,” Allen said.
The site caught on quickly. Indie Hackers started generating revenue of around $6,000 a month within a short time.
The success however brought responsibilities. Allen needed to fill advertising space, as well as produce content, for the site.
“Then, in early March, I received a surprising email. I had just stepped off the plane after a long flight to Mexico, and I was waiting in line for a taxi when my phone buzzed. The email was from Patrick Collison, the CEO of Stripe, and the subject was ‘acquire indie hackers’.”
Allen says that the acquisition will allow him to improve Indie Hackers.
Growing the GDP of the internet
Allen says the acquisition will help Stripe in their mission to “grow the GDP of the internet.”
“As crazy as it may seem, it’s not a stretch to say that anything that gets more people to start businesses and that helps those businesses succeed is a win for Stripe. Indie Hackers is a natural home for inspiring founders and empowering their growth.”