Startup Europe — The Sifted Podcast
Stripe’s John Collison on launching his $50bn business at the age of 19 — Sifted Summit special
Oct 5, 2023
John Collison, cofounder of Stripe, discusses the challenges faced when starting Stripe and the importance of naivety. The chapter also includes discussions on the challenges in the European startup ecosystem, the skepticism surrounding Mistraau, and the adoption of a small model in the developer community. Moreover, the transformative technology of the business, Monza's expansion into the US market, and the announcement of their new US CEO, Connor Walsh, are covered.
32:46
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Quick takeaways
- Monzo's US expansion is gaining momentum as they localize their product for the American market by incorporating features like tip calculators and credit card pots.
- John Collison highlights the importance of naivety, challenging assumptions, and deep passion in identifying transformative opportunities and bringing about change.
Deep dives
Monzo's Path to Profitability and US Expansion
Monzo is on track for profitability and expects to announce profitable results at the end of the year. They have diversified revenue streams, with lending being just a part of it. Monzo's US expansion is gaining momentum with the hiring of Connor Walsh as the new US CEO. They are localizing the product for the US market by incorporating features like tip calculators and credit card pots. Monzo believes there is an unmet need in the US banking market, and their customer-centric approach and innovative tech stack give them a chance for success.
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