Stripe: Patrick and John Collison (2018)

How I Built This · 9 Mar 2020 · 42m

What this episode covers

Patrick and John Collison, founders of Stripe, explain how they identified the friction in online payments and built a developer-focused infrastructure to solve it, starting with just seven lines of code. They detail their journey from selling their previous company, Automatic, to securing Peter Thiel's early investment and navigating complex banking partnerships to launch Stripe. The brothers discuss their strategy of partnering with financial institutions rather than fighting them, and how this approach helped them scale to serve major companies like Lyft and Shopify. They also reflect on the relentless nature of building a high-growth technology company and the importance of execution over valuation.

Most relevant to

early-stage companies

Topics

Mentioned

Companies: Stripe, Automatic, PayPal, Lyft, Shopify, eBay, Amazon, Instacart, Kickstarter, Target, Warby Parker
Also: Peter Thiel, MIT, Harvard, Lisp

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Stripe: Patrick and John Collison (2018)

What this episode covers

Most relevant to

Topics

Mentioned

Related episodes from other shows

Founder + Funder: Fundraising, Founder-Investor Fit, and Building the Next Big Breakfast Brand with Emily Groden of Evergreen and Brian Bernstein of Rich Products Ventures

Afterschool Podcast, Episode 1 - Rich Brilliant Willing

Garrett McCurrach and Canon Reeves (Co-Founders, Pipedream Labs)

Rooting for the Home Team with Paul Freedman and Bryan Carmel

#024 - How to increase your own productivity and that of your garden’s, with Mattias Lepp of Click & Grow, Estonia