Invest Like the Best with Patrick O'Shaughnessy John Collison – Growing the Internet Economy - [Invest Like the Best, EP.178]
44 snips
Jun 16, 2020 
In this engaging discussion, John Collison, Co-founder of Stripe, shares insights into boosting the internet's GDP and the digital payments landscape. He reflects on the dynamics of industrial conglomerates versus tech firms, and the evolving internet economy. John emphasizes the significance of clear communication within teams and how it drives employee loyalty. He intriguingly compares board members to Pokémon with unique powers. With his passion for learning and entrepreneurship, John unveils the exciting future possibilities of the internet and its impact on globalization.
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Conglomerate Growth Strategies
- Study successful conglomerates outside of technology to learn different growth dynamics.
- Tech companies often focus on tight integration, while other industries use looser structures with independent businesses.
Venture Capital's Role
- Venture capital's influence on tech valuations and access to best practices may explain the lack of tech conglomerates.
- Conglomerates offer platforms for knowledge sharing, which VCs provide to tech startups.
Internet Economy's Immaturity
- The internet's economic exchange system is complex and fragmented, unlike its interoperable information exchange.
- Stripe aims to address this by creating a simple, unified global payment system for internet businesses.
