Opinion: Stripe may have overpaid significantly for OpenRouter
steipete · x · 2026-08-21
An argument suggests that if someone handed you $7B to compete with Stripe, you could offer OpenRouter's entire user base over 7 years of free tokens. Citing Buffett's emphasis on replacement cost, the logic implies users would instantly switch to a competitor offering 7 years of free usage, suggesting OpenRouter's actual replacement cost is much lower than the acquisition price.
Related event: Stripe Acquires OpenRouter, Betting on the AI Token Economy(32 posts)→
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