erenberke

7 ms·

1.
by erenberke 1mo ago
Stripe puts it nicely here! "Escrow has a precise legal definition, and Stripe doesn’t provide escrow services or support escrow accounts. However, you can control payout timing through manual payouts, which allow you to delay payouts
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by erenberke 1mo ago
Stripe processes the payment as a direct charge on the seller's connected Stripe account. Seller proceeds stay in that Stripe balance with payouts set to manual. They never pass through Stoa's bank account or operating balance she
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by erenberke 1mo ago
I just used "escrow" to make the process relatable, but we are not technically escrowing it under Stoa. We use Stripe's services to control payment releases upon shipment / inspection. Hopefully didn't cause confusi
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by erenberke 1mo ago
merhaba!
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by erenberke 1mo ago
we do! any configuration can be sent as an RFQ and dealers will respond with their inventory
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by erenberke 1mo ago
The terms are defined in the sales agreements on the platform. Both parties abide by the terms throughout the transaction. We do not release any payment to the sellers until the buyer certifies that they have done the inspection and they ar
7.
by erenberke 1mo ago
if wrong documentation is produced, buyers have the right to dispute / return the equipment for a preset period of time. we get the sellers to certify the verifications they upload.
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by erenberke 1mo ago
Wouldn't really say like ebay. our transactions are binding and more client driven (clients put the requests instead of stale dealer listings). on ebay, the dealers always have the right to just cancel your order. we heard this caused
9.
by erenberke 1mo ago
Great question. We don’t treat “used” as one bucket. Before the RFQ goes out, the buyer says what logs and tests they need. If the seller can’t provide usage history, that’s stated in the quote rather than inferred. The market then prices t
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by erenberke 1mo ago
Website includes some of the most liquid cards, but we have many more configs in the actual marketplace.
11.
by erenberke 1mo ago
Basis risk is also a big part of futures markets, how much does spot price differ from forward pricing and why. For physical GPUs, theory would expect a downward sloping forward curve due to the depreciation factor, but from what we have se
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by erenberke 1mo ago
Yes, those types of differences across different providers is what the finance world calls basis risk. As more and more transactions take place, we hope to bring transparency into how different components/specs can change pricing, and
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by erenberke 1mo ago
We have AMD chips too, especially MI350X has been in high demand.
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by erenberke 1mo ago
Yep, we currently only transact within the US in the marketplace. We handle end user disclosure type checks on the platform. For any international deals, we still support them via our over-the-counter brokerage arm today.
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by erenberke 1mo ago
Those work with rental agreements on compute, we directly transact the hardware itself. Instead of per hr pricing, we do physical unit prices. We help with the shipment and clearing process too.
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by erenberke 1mo ago
The market is so new and growing that we sometimes end up working together with competitors to satisfy some of the requests. Would be great to know who it is! We actually had many rental marketplaces that asked to work with us and validated
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by erenberke 1mo ago
We already support these!
18.
by erenberke 1mo ago
We ask any seller to post the condition and testing reports for the hardware they sell, so there is no info asymmetry. As long as there is a willing buyer and a willing seller at the conditions specified, transaction goes through! We deal w
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by erenberke 1mo ago
We use Stripe Connect to transfer the funds, and it is not a waivable process. In addition to KYC documentation, the team personally meets with any participant we onboard to the marketplace. We also have the ability to manually intervene in
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by erenberke 1mo ago
glad you like it! we aggregate de-identified pricing from transactions we observe, and whenever you create a quote, you will see an indicative range of what we think your config is worth. This can deviate from the price you get based on the
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by erenberke 1mo ago
We do both! Solving for the forward curve has very interesting applications in the GPU market, as depreciation is a big factor. We have credit limits/margins in place to be posted for any forward trades which helps with the default ris
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by erenberke 1mo ago
Our primary focus is on trading the physical hardware, most of the marketplaces we see are rental focused. Our thesis is as open source models become stronger and stronger, owning your own hardware will become more prevalent
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by erenberke 1mo ago
For now, we are focusing on institutions, since most of this hardware has strict export controls. We deal with all sizes though, we can do a single card to 1024 servers. Can always reach out to us to see if a specific request would fit in t
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Launch HN: Stoa Markets (YC S26) – A Marketplace for GPUs and AI Servers(stoaexchange.com)
77 points by erenberke 1mo ago|51 comments