How I Built This with Guy Raz
Stripe: Patrick and John Collison
May 7, 2018
Brothers Patrick and John Collison, founders of Stripe, discuss building a software company for seamless online payments. They share insights on entrepreneurship, overcoming challenges, and the evolution of payment systems. The podcast also features a story of turning a grandma's cookie recipe into a successful business.
41:40
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Quick takeaways
- Stripe revolutionized online payments with a developer-oriented service, while G-Mama Cookies grew from a family recipe tribute to a successful business venture.
Deep dives
Building Stripe: Two Brothers from Ireland Revolutionize Online Payments
Two brothers from Ireland, Patrick and John Collison, founded Stripe, a revolutionary online payment system. With a vision to simplify online payments for businesses, Stripe provided a developer-oriented service that resonated with customers like Lyft and Shopify. Their success was a combination of intense application, hard work, and some luck, leading to a valuation of almost $10 billion. Through close partnerships with banks and industry experts, Stripe overcame challenges in regulation and competition, disrupting the online payment sector.
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