The Valmy
Patrick Collison on Fast Grants, R&D funding and effective altruism
Jun 19, 2020
Patrick Collison, Co-founder of Stripe, discusses the creation and impact of Fast Grants for COVID-19 research, the effective altruism movement, and balancing self-perception and continuous learning for teenagers. They also explore the feasibility of large-scale projects to tackle global challenges and the importance of studying liberal arts in technology education.
55:20
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Quick takeaways
- Stripe aims to simplify international money transfers with a programmable system for global financial transactions.
- FAST Grants responds to urgent funding needs by streamlining grant processes for crucial research projects.
Deep dives
The Role of Stripe in Global Transactions
Stripe initially began as an online payment system. However, in its evolution over the last 10 years, it has expanded to offer a comprehensive platform for processing global financial transactions. The company's vision includes the development of a programmable system for seamlessly moving money internationally. With millions of customers worldwide and a nominal valuation of $36 billion, Stripe aims to serve as a catalyst for economic activity and growth by simplifying and enhancing the movement of funds.
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