Following up from our most recent post on “Successful Entrepreneurship: Make Your Own Rule”, we shared a few good examples of successful Innovation, which simply made some improvement from the existing solution.
In this article, we continue to share one more good example. A stealth payment startup called Stripe, it is based in San Francisco, California. Stripe aims to make E-commerce companies easier to start accepting payments on the web.
E-commerce sites typically accept credit cards online by connecting with PayPal software, which some say is hard to use, or by spending time and money to set up a merchant bank account and build a network for storing card information. Big companies such as Amazon.com have already mastered this; Stripe lets Web developers of any size do the same thing in minutes. This is not a new solution, it is merely a solution that complementing the existing online payment methods and gateways. This idea is big enough to make Stripe one of the most highly valued early-stage startups in years.
The simple formula is Successful Innovation <NOT ALWAYS EQUAL TO> New Invention or New Product; It could be a more useful Refurbished Product.