As companies expand out from the internet into the rest of the economy — the proverbial bits to atoms — “the business models are becoming more complicated, more interesting, more payment based”, observes Patrick Collison, CEO and co-founder of payments platform Stripe, which enables apps/websites to programmatically move money around. But as such companies become “the operating platform for commerce”, we also have an interesting paradigm where people, not governments, are controlling the commerce supply — so “It’s not the money supply. It’s the commerce supply,” argues a16z general partner Alex Rampell. This is especially true as payments become easier, as trust and payments become interwoven, and as online, peer-to-peer marketplaces address information asymmetry. So what does this all mean for advertising as a business model, for trading goods and services directly, or for the future of stores? What does it mean for liquidity, for interest rates as a lever for the economy, and for …the end of cash? And finally, when legacy and emerging non-software businesses are increasingly networked and run on “technologically enabled rails”, what does that mean for geopolitical risk? Collison and Rampell discuss all this and more on this episode of the a16z Podcast, a hallway-style riff on all sorts of money matters.
This is session 11 of Technology-enabled Blitzscaling, a Stanford University class taught by Reid Hoffman, John Lilly, Allen Blue, and Chris Yeh. This class features John Lilly interviewing Patrick Collison, the Co-Founder of Stripe.
Filmed at LAUNCH Festival 2017, Jason sits down with Stripe CEO Patrick Collison to explore his journey to solving one of the toughest barriers to a global e-commerce economy: payments. About a decade ago, companies were mostly working with legacy players like banks, gateways and processors, and they were essentially looking to buy a technology service from them. These financial institutions were huge, but focused on particular markets, which provided an opportunity for Stripe. Today, Stripe works with companies in 124 countries and handles billions of dollars of aggregate revenue every year. Join us as Patrick shares an inspiring story of his early days at Y Combinator, mistakes and triumphs, opening the Atlas program to US-based startups, and his views on public/private markets. For full show notes, subscribe to http://thisweekinstartups.com/about/#allsubscribe
Lecture Transcript: http://www.tech.genius.com/Patrick-collison-lecture-11-company-culture-and-building-a-team-part-ii-annotated Stripe and Pinterest - two companies well known for their strong cultures. The founders - John Collison, Patrick Collison, and Ben Silberman - take Q&A from Sam in part 2 of Hiring and Culture. See the readings at http://www.startupclass.samaltman.com/courses/lec11 Discuss this lecture: http://www.startupclass.co/courses/how-to-start-a-startup/lectures/64040
Apply for a YC Summer Fellows Grant: https://events.ycombinator.com/summer-fellows Technical skills build startups—but oftentimes, people skills can save them. So how do you navigate the disagreements and conflict that inevitably arise with a co-founder? In this episode of the Lightcone, our hosts share what they've learned for managing these critical, yet often overlooked challenges, offering advice on how to handle the messy realities that go beyond building. Chapters (Powered by https://bit.ly/chapterme-yc) - 00:00 Intro 01:09 Why you should listen to this episode! 02:25 Harj’s experience with Patrick Collison of Stripe 06:39 Hard lessons Garry learned from Posterous 12:52 Authoritative vs authoritarian 15:46 Startup pressures lead to self discovery 19:47 The importance of conflict resolution skills 24:24 The concept of “over the net” 27:15 The cultures you come from (work and personal) matter a lot 34:53 Founders should get outside help 36:07 Why you should still find a co-founder despite the challenges 39:53 Outro + YC Summer Fellow Grants
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We'd like to thank Patrick Collison (CEO of Stripe) for taking the time to talk to us and letting us record and share our conversation. Please enjoy
A few months ago, Tyler asked Patrick Collison, CEO of Stripe, to be on the show. Patrick agreed, but only under the condition that the be the one to do the interviewing. Thus, what follows is the conversation Patrick wanted to have with Tyler, not the one you wanted to have. Happily Patrick stayed true to the spirit of Conversations with Tyler, and their dialogue covers a wide range of topics including the the benefits of diverse monocultures, the state of macroeconomics, Donald Trump, the amazing economics faculty at GMU, Peter Thiel, Brian Eno, Thomas Schelling, why Twitter is underrated, and — most pressing of all — why Marginal Revolution is so strange looking. Transcript and links: https://conversationswithtyler.com/episodes/patrick-collison/ Recorded January 25th, 2017 Stay connected: Follow us on X, IG, and Facebook: @cowenconvos https://www.twitter.com/cowenconvos https://www.facebook.com/cowenconvos https://www.instagram.com/cowenconvos Join us on Discord: https://discord.gg/JAVWP7vTxt https://conversationswithtyler.com https://mercatus.org Photo credit: JD Lasica (https://www.flickr.com/photos/jdlasica/)
This week, Noah Smith and Stripe CEO Patrick Collison recorded a live conversation on Substack covering topics such as American technological leadership, global competition, industrial policy, foreign direct investment, post-financial crisis productivity trends, US financial system advantages, progressive policies, the middle class, tariffs, immigration, technological advancements like humanoid robots, Gen Z’s well-being, and key policy recommendations for economic and social progress. This conversation first aired in Noah's substack Noahpinion, so be sure to subscribe if you aren't already. -- 📰Be notified early when Turpentine drops new publication: https://www.turpentine.co/exclusiveaccess -- SPONSORS: Notion 📝Notion offers powerful workflow and automation templates, perfect for streamlining processes and laying the groundwork for AI-driven automation. With Notion AI, you can search across thousands of documents from various platforms, generating highly relevant analysis and content tailored just for you - try it for free at notion.com/upstreampod NetSuite More than 41,000 businesses have already upgraded to NetSuite by Oracle, the #1 cloud financial system bringing accounting, financial management, inventory, HR, into ONE proven platform. Download the CFO's Guide to AI and Machine learning: https://netsuite.com/102 Found Found provides small business owners tools to track expenses, calculate taxes, manage cashflow, send invoices and more. Open a Found account for free at https://found.com/econ102 AdQuick The easiest way to book out-of-home ads (like billboards, vehicle wraps, and airport displays) the same way you would order an Uber. Ready to get your brand the attention it deserves? Visit https://adquick.com/ today to start reaching your customers in the real world. -- SEND US YOUR Q's FOR NOAH TO ANSWER ON AIR: Econ102@Turpentine.co -- FOLLOW ON X: @patrickc @noahpinion @eriktorenberg @turpentinemedia -- RECOMMENDED IN THIS EPISODE: Noahpinion: https://www.noahpinion.blog/ Patrick Collison interview + at least five interesting things: https://www.noahpinion.blog/p/patrick-collison-interview-at-least Stripe: https://stripe.com/ -- TIMESTAMPS: (00:00) Intro (00:55) US technological leadership (03:18) Economic policy and FDI (05:34) Labor productivity trends (10:02) Private equity and labor reallocation (11:59) Sponsors: Netsuite | Notion (16:01) Rethinking liberalism and progressive policies (25:51) Debating the impact of tariffs (26:37) Potential diplomatic fallout (27:49) Economic benefits of tariffs? (27:57) Sponsors: Found | AdQuick (30:02) Reshoring and humanoid robots (32:09) The YIMBY movement and urban density (36:35) Gen Z and technological adaptation (41:19) Institutional quality and decline (45:44) Policy prescriptions for the future (47:27) Conclusion and Farewell
Michael Truell (CEO of Cursor) sits down with Patrick Collison (CEO of Stripe) to discuss programming languages, the role of AI in programming, and building long-lasting software. 00:00 Patrick's first startup in Smalltalk 03:35 LISP chatbots 06:09 Ideas from esoteric programming languages 09:12 Bret Victor and Dynamicland 16:37 Programming human organizations 20:28 Codebase's "Big Bang" and MongoDB 25:49 Rewriting Stripe 32:00 How do you, Patrick Collison, use AI? 38:25 Changes to GDP/TFP 41:56 Programming human biology 46:10 Unexpected beneficiaries of AI
This episode first aired in May 2018. This is a Knowledge Project Podcast episode from the archive. -- Patrick Collison, CEO, and co-founder of Stripe shares wise insights on success, failure, management, decision making, learning and so much more. In this conversation, we cover the biggest (and most valuable) mistakes Patrick made in the early days of Stripe and how they helped him get better, the characteristics that Patrick looks for in a new hire to fit and contribute to the Stripe company culture, what compelled he and his brother to move forward with the early concept of Stripe, even though on paper it was doomed to fail from the start, the gaps Patrick saw in the market that dozens of other processing companies were missing — and how he capitalized on them, the lessons Patrick learned from scaling Stripe from two employees (he and his brother) to nearly 1,000 today, and so much more. -- Timecodes: 00:00 - Collison’s journey from dropping out to founding Stripe 09:58 - On Stripe’s culture 15:30 - Lessons learned from the early days of Stripe 21:51 - What Collison has learned from scaling Stripe 30:04 - On specialization vs generalization 37:48 - How Collison manages risk and large downsides 41:09 - On “thoughtful disagree-ness” 45:07 - How Collison has modified his decision making process 55:22 - The company culture's Collison admires 59:13 - What Collison learned from studying Koch Industries 1:00:57 - On Collison's reading habits 1:19:15 - Collison's smallest habits that make the biggest difference 01:21:55 - Mistakes Collison sees people make 01:24:39 - The future of online payments 01:37:00 - Success and Silicon Valley -- OUR FREE NEWSLETTER: https://fs.blog/newsletter/ 📈 OUR MOST POPULAR INTERVIEWS 🎬 The Full Story of Naval Ravikant: https://youtu.be/mGY2To_HW98 🎬 Bill Ackman - Getting Back Up: https://youtu.be/mIS3LYxgVWc 🎬 Secrets to Healthy Relationships with Esther Perel: https://youtu.be/atXKntdX2UY 🎙 Listen to the show iTunes: https://podcasts.apple.com/us/podcast/the-knowledge-project-with-shane-parrish/id990149481 Spotify: https://open.spotify.com/show/1VyK52NSZHaDKeMJzT4TSM?si=abde3cc6a48d43ef GET IN TOUCH 🌍 Our website - www.fs.blog JOIN OUR COMMUNITY https://fs.blog/membership/ ABOUT THE KNOWLEDGE PROJECT Like the mentor you’ve always dreamed of having, The Knowledge Project shares timely yet timeless lessons for work and life. Past guests include Naval Ravikant, Daniel Kahneman, Jim Collins, Angela Duckworth, Seth Godin, Melanie Mitchell, & Esther Perel.
Full Episode: https://youtu.be/WU-lBOAS1VQ Transcript: https://www.dwarkeshpatel.com/p/patrick-collison Apple Podcasts: https://podcasts.apple.com/us/podcast/patrick-collison-stripe-ceo-craft-beauty-the-future/id1516093381?i=1000646268840 Spotify: https://open.spotify.com/episode/0CN45zb7saXUjlVuUtmbEZ?si=kHwGCph2Sg2M9w5HSglzGw Follow me on Twitter: https://twitter.com/dwarkesh_sp
Full Episode: https://youtu.be/WU-lBOAS1VQ Transcript: https://www.dwarkeshpatel.com/p/patrick-collison Apple Podcasts: https://podcasts.apple.com/us/podcast/patrick-collison-stripe-ceo-craft-beauty-the-future/id1516093381?i=1000646268840 Spotify: https://open.spotify.com/episode/0CN45zb7saXUjlVuUtmbEZ?si=kHwGCph2Sg2M9w5HSglzGw Follow me on Twitter: https://twitter.com/dwarkesh_sp
This week, we present a clip from our first ever Hard Fork Live! Patrick Collison, CEO of Stripe stops by to talk about long-term thinking, building for the future, and his dreams for biotechnology. This is just one segment from our jam-packed live show. https://youtu.be/jdNwzYMtPN8 Guests: Patrick Collison, co-founder and CEO of Stripe https://patrickcollison.com/about Hard Fork is a weekly look into the future that's already here. Hosts Kevin Roose and Casey Newton explore stories from the bleeding edge of tech. Casey’s publication, Platformer: https://www.platformer.news/ FOLLOW US ON SOCIAL TikTok: https://www.tiktok.com/@hardfork Insta: Kevin Roose - https://www.instagram.com/kevinroose/ Casey Newton - https://www.instagram.com/crumbler/ Twitter (X): Kevin - https://x.com/kevinroose Casey - https://x.com/CaseyNewton Threads: Kevin - https://www.threads.net/@kevinroose Casey - https://www.threads.net/@crumbler Subscribe to the audio only podcast: Apple - https://podcasts.apple.com/us/podcast/hard-fork/id1528594034 Spotify - https://open.spotify.com/show/44fllCS2FTFr2x2kjP9xeT?si=86ba626802b849cd Amazon - https://music.amazon.com/podcasts/7c7fe198-e6a8-41a8-b0fe-1d46b976dcd8/hard-fork YouTube Music - https://music.youtube.com/playlist?list=PLB9gMmtMLXxsa8C0PzHFL2tJFh7FrKrYD&si=Fwb9Uwon1ZneNsBp The New York Times - https://www.nytimes.com/column/hard-fork Credits “Hard Fork” is hosted by Kevin Roose and Casey Newton. Produced by Rachel Cohn and Whitney Jones. Original music by Dan Powell, Marion Lozano, Sophia Lanman and Rowan Niemisto. Fact-checking by Ena Alvarado and Will Peischel. Our executive producer is Jen Poyant. Video production by Chris Schodt and Sawyer Roque. Video QC by Isabella Anderson. Podcast Art Direction by Benjamin Wilkerson Tousley. Podcast Art & Animations by Julian Hespenheide. Additional Motion graphics by Phil Robibero. Thumbnails by Julia Moburg, Elizabeth Bristow, and Yvonne Stender. Special thanks to Paula Szuchman, Pui-Wing Tam, Niko Gallogly, Kate LoPresti and Jeffrey Miranda
We discuss: * what it takes to process $1 trillion/year * how to build multi-decade APIs, companies, and relationships * what's next for Stripe (increasing the GDP of the internet is quite an open ended prompt, and the Collison brothers are just getting started). Plus the amazing stuff they're doing at Arc Institute, the financial infrastructure for AI agents, playing devil's advocate against progress studies, and much more. 𝐄𝐏𝐈𝐒𝐎𝐃𝐄 𝐋𝐈𝐍𝐊𝐒 * Transcript: https://www.dwarkeshpatel.com/p/patrick-collison * Apple Podcasts: https://podcasts.apple.com/us/podcast/patrick-collison-stripe-ceo-craft-beauty-the-future/id1516093381?i=1000646268840 * Spotify: https://open.spotify.com/episode/0CN45zb7saXUjlVuUtmbEZ?si=kHwGCph2Sg2M9w5HSglzGw * Follow me on Twitter: https://twitter.com/dwarkesh_sp 𝐓𝐈𝐌𝐄𝐒𝐓𝐀𝐌𝐏𝐒 00:00:00 - Advice for 20-30 year olds 00:12:58 - Progress studies 00:23:07 - Arc Institute 00:35:13 - AI & Fast Grants 00:44:32 - Stripe history 00:56:30 - Stripe Climate 01:02:25 - Beauty & APIs 01:12:37 - Financial innards 01:29:02 - Stripe culture & future 01:42:42 - Virtues of big businesses 01:52:27 - John
We discuss: * what it takes to process $1 trillion/year * how to build multi-decade APIs, companies, and relationships * what's next for Stripe (increasing the GDP of the internet is quite an open ended prompt, and the Collison brothers are just getting started). Plus the amazing stuff they're doing at Arc Institute, the financial infrastructure for AI agents, playing devil's advocate against progress studies, and much more. 𝐄𝐏𝐈𝐒𝐎𝐃𝐄 𝐋𝐈𝐍𝐊𝐒 * Transcript: https://www.dwarkeshpatel.com/p/patrick-collison * Apple Podcasts: https://podcasts.apple.com/us/podcast/patrick-collison-stripe-ceo-craft-beauty-the-future/id1516093381?i=1000646268840 * Spotify: https://open.spotify.com/episode/0CN45zb7saXUjlVuUtmbEZ?si=kHwGCph2Sg2M9w5HSglzGw * Follow me on Twitter: https://twitter.com/dwarkesh_sp 𝐓𝐈𝐌𝐄𝐒𝐓𝐀𝐌𝐏𝐒 00:00:00 - Advice for 20-30 year olds 00:12:58 - Progress studies 00:23:07 - Arc Institute 00:35:13 - AI & Fast Grants 00:44:32 - Stripe history 00:56:30 - Stripe Climate 01:02:25 - Beauty & APIs 01:12:37 - Financial innards 01:29:02 - Stripe culture & future 01:42:42 - Virtues of big businesses 01:52:27 - John
YC Partner Adora Cheung, along with Patrick Collison, the founder of well known YC alumnus Stripe, discuss how to most effectively run a startup company towards success. Learn more at https://www.startupschool.org/
At the 2023 Sohn Investment Conference on May 9, 2023, Stripe CEO Patrick Collison spoke with OpenAI CEO Sam Altman about the future of AI and more. Introduced by Sohn Conference Foundation Chair Graham Duncan. This session is presented by Sohn 2023 Corporate Sponsor: Tegus
Navigating uncertain economic conditions is part and parcel of running a business. Yet, throughout challenging times, it’s critical that startups stay committed to continually pushing the possibilities of what technology can deliver, says Stripe CEO Patrick Collison. That means leading with the guiding principle “micro pessimism and macro optimism.” Often, Collison says, this means having a relentless ability to be critical about the state of technology (including one’s own products) while still believing in its possibilities.That viewpoint acknowledges the structural tension companies face when trying to innovate in the context of economic reality, and can be the difference between persisting through challenging times or becoming a casualty of yet another tech boom and bust cycle. Collison joined Greylock general partner Reid Hoffman on our Iconversations speaker series to discuss Stripe’s early days and its evolution into the payment and financial services platform giant it is today, and his advice to startups for navigating the predictable unpredictability of business. You can read the transcript for this interview here: https://greylock.com/greymatter/micro-pessimism-macro-optimism/ Chapters 0:00 Introduction 0:17 Hamster of Scale 1:47 Being an Entrepreneur 5:42 Navigating Difficult Times 7:14 Founding Stripe 10:40 Micro Pessimism, Macro Optimism 12:41 Evolution of the Internet 15:49 Market Cycles 17:56 Progress Studies 21:27 Underrated Technologies 24:13 Co-Founders’ Relationship 26:42 Journey of Founding Stripe 28:54 Leadership Style
#startup #founder #productmanager #productmanagement #entrepreneur how to deal with business competition, how to talk to competitors, how to research competitors, best startup founder podcast, best entrepreneur tips
#startup #founder #softwaredeveloper #softwareengineer #softwareengineerlife how to get a job in tech, startup hiring tips, big tech job tips
Step inside the Group Partner Lounge to hear Y Combinator Group Partners Harj Taggar, Michael Seibel and Brad Flora discuss the pros and cons of startups selling software to other startups. Or is there a better approach out there? Apply to Y Combinator: https://www.ycombinator.com/apply/ Work at a startup: https://www.workatastartup.com/ Chapters (Powered by https://bit.ly/chapterme-yc) - 00:00 - Intro 01:20 - When selling to startups doesn't work? 03:53 - Startups might not have the problem 05:03 - Startups are not an easy customer than enterprise 05:55 - Early stage companies churn 09:35 - Sales 12:01 - The benefits of charging startups 14:22 - Bottoms up sales strategy 15:18 - Big takeaway #startups #sales #tech #software
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Patrick Collison, Stripe CEO.
Patrick Collison, Stripe CEO.
In the third episode of The Torch of Progress, we sit down with Patrick Collison, the Co-founder and CEO of Stripe. We discuss progress studies, his perspective on the sciences, Effective Altruism, on being a self-described 'fallibilist,' and the entrepreneurial mindset. Key Topics: - The rate of scientific progress and whether it's slowing down. - Progress Studies at large and Patrick's views on Effective Altruism - On being a self-described 'fallibilist' and the entrepreneurial mindset. - Q&A from students and attendees, and much more. In this episode we discuss: (0:15) Intro to Progress Studies for Young Scholars (0:50) Past guest speakers - see the replay on Youtube (1:00) Upcoming guests - Max Roser, Deridre Nansen McCloskey, Joel Mokyr (2:00) Introductions: Jason Crawford with Roots of Progress and Patrick Collison, CEO & co-founder of Stripe (3:00) Patrick talks about Stripe, an online payment system (5:42) Fast Grants for Covid-19 research: What have you learned and what does the future of Fast Grants look like? (13:00) The great corporate research labs (Bell Labs, Xerox PARC) - are they a thing of the past? If so, was that natural? Is there something new we should move to? Should we try to bring it back? (15:55) If you were asked to write a report on the future of science and research, like the Endless Frontier Memo by Vannevar Bush in 1945, what would you say? (18:50) - If you had to give society a progress KPI (key performance indicator), what are the key metrics? (23:40) what are the metrics people use to argue if science is slowing down? Scott Alexander said, "Constant progress in science in response to exponential increases in inputs ought to be our null hypothesis." What is your take on this? (29:45) Compare/contrast effective altruism and progress studies (33:28) If we just run full throttle ahead with progress, what about the risk that we are not careful enough and we get some global catastrophe? (36:05) Your twitter bio describes you as a fallibilist optimist. What does this mean and why did you choose those terms? (39:50) What advice that is commonly given to teens is actually wrong? (43:10) Follow Patrick on twitter @patrickc and online patrickcollison.com Q&A (43:50) What do you think about the future of the internet as the rate of adoption is slowing? Do you see it becoming increasingly zero-sum / less spending on r&d? (46:00) Some people have suggested a Manhattan Project for Covid-19. Is that what Fast Grants is doing? If not, is something like that even feasible anymore? (47:19) You mentioned the existential risk that comes with more progress can be mitigated. What do we need to do to mitigate it? (48:10) You gave the advice to keep learning another 5-10 years, but that is not what you did (started a company at a young age). Why? (50:35) Big companies need an effective organizational structure to avoid getting more inefficient and less innovative. What have you done with Stripe to keep it innovative and nimble? (54:06) How did you found a company? How did you know where to start and what steps to take? (55:40) What do you think about studying liberal arts if in college for technology? Links: Progress Studies for Young Scholars: progressstudies.school The Academy of Thought and Industry: thoughtandindustry.com The Roots of Progress Blog: rootsofprogress.org/ Higher Ground Education: tohigherground.org Guidepost Montessori: guidepostmontessori.com
#startup #founder #entrepreneur how to start a startup, startup tips, best startup founder podcast
#startup #founder #softwareengineer #softwaredeveloper #stripe stripe startup story, best founder podcast, product management advice
Autonomous transactions between future AI Agents: Will crypto play a role?
Autonomous transactions between future AI Agents: Will crypto play a role?