Patrick Collison

Businessman

1988-09-09

Quotes by Patrick Collison

• 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.

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• I started Stripe with my brother John Collison while we were in school together. We first started off building iPhone apps together and using the money we made from them to pay our tuition.

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• 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.

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• Our goal definitely isn't to sell Stripe.

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• What interests us in Stripe is the idea that there could much more commerce happening on the Internet.

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• I think that Stripe generally is comprised of the kind of people who believe in technology or are kind of optimistic about its effect and want to have whatever future it's leading to happen.

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• There is a higher degree of operational excellence and rigor demanded of Stripe than of most companies.

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• 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.

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• One phrase we use at Stripe is, 'Most tech companies are building cars. Stripe is building roads.'

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• We presumably believe that most of the technological progress over the arc of humanity to date has been good. I don't see any argument to go back to 1600.

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• 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.

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• It's very possible that advertising business models will simply never do as well on mobile devices as those oriented around transactions.

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• 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.

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