Four reasons to work for Stripe (besides the huge salary)
If you’re thinking about applying for a job at Stripe, there’s probably one reason that’s at the forefront of your mind: their mouth-watering pay. While that’s as good a reason as any, the huge salary isn’t Stripe’s only selling point to employees.
In their recent annual letter, Stripe founders Patrick and John Collison provided insight into how the company has changed over the past year and its plans for the future. They also sell a lot of the joy of working for Stripe in the process.
You will work with innovative startups
The Collison brothers say “more than 100 companies now handle more than $1 billion in payments with Stripe each year,” and that number has grown rapidly since 2018. These aren’t small companies either, some of the fastest growing and most exciting companies like OpenAI and MidJourney.
This does not always mean simply providing services for them. As for OpenAI, Stripe is working with its customers to create Chat-GPT 4 Stripe Docs, an automated fraud prevention platform.
With its US headquarters based in San Francisco, Stripe also says the city is still the place to be. “63% of the new outbreaks we saw in the San Francisco Bay Area were based in the city of San Francisco itself.”
You will benefit from unconventional work practices
It’s a corporate trope to say that every day is different, but Stripe says the same thing. The culture there has been described as “choose your own adventure”, and employees seem to have opportunities to work with robust alternatives to the norm.
These include these Chat-GPT 4 Stripe documents. Stripe reportedly asked 100 employees to do something highly unusual: “Quit their jobs and instead imagine features and functionality for the payment platform using the GPT-4 model.” Exciting times.
You want to be in a place that seems to love products
Facebook may fall in love with product managers, but if you’re an aspiring product professional, the opportunity to work at Stripe is an opportunity to feel special again.
Last year, Stripe introduced all kinds of new products, and as part of a “product strategy shift,” it aims to “accelerate product development for startups by providing scaffolding and hosted user interfaces to manage revenue.”
The founders are particularly excited about Stripe’s “dozens of UI tweaks and cross-device optimizations” in its checkout product suite.
Stripe also appears to be pretty in UX. Of the 13 unique product manager roles available at Stripe in the US, UX product managers are able to earn the highest possible salary for a product manager: up to $308.3k. Other divisions like their new financial product team are also hiring for UX-focused product people.
You will be somewhere that is above AI
With OpenAI as Stripe’s shiniest client, the AI implementation is impressive. The Collison brothers say “Stripe now comprises more than 50 million lines of code.” For the distributed test system, “every change is verified within 15 minutes by running a battery of tests that would take 50 days to run on a single CPU.”
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