Stripe For Vice Industries
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Build a payment processing platform like Stripe specifically for vice industries that are currently restricted from mainstream payment processors. The opportunity exists because major payment processors like Stripe won't work with adult products, cannabis, or porn industries, despite these representing hundreds of billions in transaction volume.
Key Points:
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Target Markets:
- Adult/Sex Products
- Cannabis Industry
- Porn/Adult Content
- Other vice/restricted industries
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Market Opportunity:
- Current major players (Adam & Eve, Lovehoney) can't use mainstream processors
- Adam & Eve does 8M visitors/month to their store
- Lovehoney does 4M visitors/month
- Sex toy industry alone is $20B/year
- Multiple hundreds of billions in total transaction volume across vice industries
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Current Problems:
- Can't use Stripe
- Can't use Shopify (because it relies on Stripe)
- Limited payment processing options
- Forces businesses to find alternative payment solutions
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Value Proposition:
- Provide legitimate payment processing for legal but restricted industries
- Enable ecommerce functionality similar to what Stripe offers mainstream businesses
- Allow these businesses to process payments normally instead of finding workarounds
The opportunity exists because these are legitimate, large industries that lack access to modern payment infrastructure despite having significant transaction volume and customer demand.
Shaan Puri
Host of MFM
Shaan Puri is the Chairman and Co-Founder of The Milk Road. He previously worked at Twitch as a Senior Director of Product, Mobile Gaming, and Emerging Markets. He also attended Duke University.