“I think most SaaS businesses will probably opt towards continuing to use Stripe.”
quote is from the automated transcript, cleaned for reading:
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More from Jeff Roberts
AssertionNot checkable as stated
Jeff Roberts: $500M acquirers routinely ignore a startup's missing global tax compliance
“I talked to a founder Who sold a business for between five hundred million and a billion dollars. So a big acquisition to a publicly traded company. They just disclosed during the acquisition that they had never paid global sales tax, and they didn't know how …”
Jeff RobertsApr 25, 2023▶ 22:39Episode 658 | As a SaaS Founder, When Should You Care About Sales...
Opinion
Jeff Roberts: No good global SaaS sales tax solution exists today
“The conclusion that I've come to after spending so much time thinking about this is there really isn't a good solution to this problem today. So it's kind of a pick your poison scenario.”
Jeff RobertsApr 25, 2023▶ 4:08Episode 658 | As a SaaS Founder, When Should You Care About Sales...
Insight
Jeff Roberts: SaaS founders should ignore sales tax until $1M ARR
“I think that you really don't need to worry about this, particularly on your way to 10 K in MRR. I think it's much like all other aspects of building a startup. You need to sort of create good problems. And I would turn my attention to this personally, probabl…”
Jeff RobertsApr 25, 2023▶ 5:01Episode 658 | As a SaaS Founder, When Should You Care About Sales...
Opinion
Roberts: Full Global Tax Compliance Is an Unrealistic Goal
“And even the companies that do this full time, like that's what their products are based around. The idea that you would ever be fully in compliant at any point in time is sort of a ridiculous notion in and of itself.”
Jeff RobertsApr 25, 2023▶ 7:38Episode 658 | As a SaaS Founder, When Should You Care About Sales...
Insight
Jeff Roberts: Flat remittance costs make 10% Merchant of Record fees uneconomical
“The cost of remitting these taxes doesn't scale up dramatically, and that's why I'm uncomfortable saying I'm going to pay seven or 10% or whatever it might be in perpetuity on every single recurring transaction.”
Jeff RobertsApr 25, 2023▶ 19:26Episode 658 | As a SaaS Founder, When Should You Care About Sales...
PredictionHeld up
Jeff Roberts predicts Stripe will eventually launch a Merchant of Record solution
“And I think it's even telling that Stripe has not prioritized their own merchant of record solution, at least at this point. I suspect they will at some point.”
Jeff RobertsApr 25, 2023▶ 12:13Episode 658 | As a SaaS Founder, When Should You Care About Sales...
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