Patrick Collison
Patrick Collison
Patrick Collison, is an Irish entrepreneur from County Limerick. Patrick is the cofounder and CEO of Stripe, which he started with his brother John Collison in 2010. He was the winner of the 41st Young Scientist and Technology Exhibition in 2005 at the age of sixteen. He lives in San Francisco...
NationalityIrish
ProfessionBusinessman
Date of Birth9 September 1988
CountryIreland
computer computers screen talking time virtually watch
I watch virtually no TV. All my screen time is computer time for me. When I'm not doing that I'm reading or talking to my friends who I got to know through computers.
based facebook house moved people remember vital
When Facebook famously moved out to Palo Alto, there were people in the same house Facebook was based in working on different ideas. It is vital to remember that.
buy card cash focused kinds mobile possible square stripe turning work
Square is turning informal, cash transactions, like you would do with a taco truck, into card swipes. Stripe is more for the Internet, it's focused on the kinds of transactions that weren't possible years ago. We think about how you would buy things from a mobile phone, crowd-funding, how should that work.
almost anyone aware great highly seemed technical
In 2007, there weren't any other accelerators, at least that I was aware of. We were almost the prototypical Y Combinator founders: We were highly technical but had never done a startup before. We also didn't know anyone in the Valley - investors, other entrepreneurs, potential hires. YC seemed like a great way to bootstrap that network.
ideas people house
When Facebook famously moved out to Palo Alto there were people in the same house Facebook was based in working on different ideas. It is vital to remember that,
differences quality made
I actually made a website called Y2 Combinator, which was the Y Combinator that starts Y Combinator clones. There's a very clear difference in the quality between the companies that come from YC and the companies that don't.
intelligent ideas interesting
The part of Stripe that I've always found most interesting is the idea of facilitating new commerce that wouldn't otherwise happen. Payouts is turning out to be a big part of that. These new networks are efficient, intelligent replacements for offline behemoths.
thinking stripes peers
We don't always endorse what businesses sell through Stripe, but we do think it's critical that we and our peers don't act as gatekeepers for what is and isn't acceptable content,
advertising-business wells devices
It's very possible that advertising business models will simply never do as well on mobile devices as those oriented around transactions.
giving stripes cards
Stripe makes it easy for anyone, be it an individual or a small business or a large business, to accept credit card payments on the Internet. We want to give control to the user or the business to define what the experience looks like. We work on a website or a mobile app, or whatever between that.
technology clouds important
One of the important lessons of the Internet is, how easy it is to get things done completely shapes what gets created. For that reason, technologies like Amazon's cloud service are very important. Even if they aren't technically impressive, they make things easy to do.
couple years stripes
Eventually, after a couple of years, Stripe strated to become an overnight success.