felix fung

IsoCIty is an open source fully featured city builder woth pedestrians, cars, boats, trains, planes, helicopters, emergencies, and much more iso-city.com Pull requests welcome github.com/amilich/isomet…

I'm very excited that we now have results from an almost two-year randomized controlled trial that we ran across thousands of businesses on Stripe: those that accepted a loan from @Stripe Capital grew annual revenue around 27% faster. (Two years isn't that long in the scheme of things, but it is when you're waiting for the results of an experiment you're interested in.) We had two kinds of controls: businesses to whom we offered loans but didn't accept them, and a holdout group of businesses to whom we randomly did not offer loans but which were otherwise identical to those to which we did. As such, we feel confident in the causal nature of this conclusion. While this might not sound like news ("capital increases growth"), I think the finding is a good reminder that many businesses are still quite capital-starved (this effect is on top of all of the other sources of capital that businesses have access to), and it is consistent with what we hear directly from businesses in surveys. Beyond Stripe, inefficient capital allocation at economy-wide scale is likely a major bottleneck to growth around the world. We have an ambitious roadmap planned and we're very much looking forward to expanding worldwide access to growth capital.

.@stripe can now generate an official verified page to share your metrics! For conductor.is: • MRR: profile.stripe.com/conductor/HMui… • MRR growth: profile.stripe.com/conductor/dCWV… Thanks to @marclou and his TrustMRR dot com for undoubtedly encouraging this feature.