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Benedict Evans

Benedict Evans

Creator
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Independent technology analyst, former a16z partner and newsletter author

Recent Posts

Hidden Stripe Fees Lurk Beyond Dashboards
Social•Jan 17, 2026

Hidden Stripe Fees Lurk Beyond Dashboards

I wonder how much of Stripe’s margin comes from junk fees that aren’t on any of the pretty dashboards, only the CSV that takes 24 hours to generate.

By Benedict Evans
OpenAI's Dilemma: No Core Product, Competing Everywhere
Social•Jan 16, 2026

OpenAI's Dilemma: No Core Product, Competing Everywhere

The strategic problem for openAI is that if the input box isn’t the product, then either the product is dozens of new apps or dozens of features in existing apps, and that means they’re competing with every startup on earth...

By Benedict Evans