Stripe's Patrick Collison: "I'm petrified of getting too confident"

The Times Tech Podcast

Will Morley

Business, Unknown, Technology

4.9 • 654 Ratings

🗓️ 2 March 2018

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

The Sunday Times’ tech correspondent Danny Fortson brings on Patrick Collison, founder of $9bn payments startup Stripe to talk about building the financial plumbing of the Internet (2:45), why the web is just getting started (5:05), treating the big and small the same (8:45), the problem with ads (12:00), the origin of the name ‘Stripe’ (13:25), growing up in a village (14:45), trying to not be too “Silicon Valley” (18:35), going from 40 to 1000 people in four years (21:30), hiring adults (23:45), avoiding complacency (25:45), arriving in America (27:20), first mover disadvantage (30:15), America’s stagnant banking market (20:10), dissonance between Silicon Valley’s image and reality (32:00), the future of money (35:10), his worst day of work (37:55), and learning to fly (39:10).

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Transcript

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0:00.0	Welcome to Danny in the Valley, your weekly dispatch from the weird, wondrous, and ridiculous
0:05.7	West Coast. We have a fabulous show for you today. I am talking to Patrick Collison, who is the
0:12.0	co-founder of Stripe, a company you may not have heard of, or maybe you have, but you have
0:16.8	definitely used. It's the payment plumbing of the internet. It's massive. Its founding story
0:22.7	is quite extraordinary, as is Collison, which you will see directly. But before we get there,
0:29.2	may I make a special pleading? If you like the show, press pause right now. Well, after I say
0:35.9	this, rate it, review it, share it with a friend. Now you can press pause and do that.
0:41.6	Thank you. It really does help. And one production note, if it sounds a bit echoey, sorry, the conference rooms at Stripe, which are named after wild animals, if memory serves, are all glass and wood. I think we were in a room called Bison.
0:55.8	No soft furnishings in Bison.
0:58.6	Stripe boys are very frugal.
1:01.4	So anyhow, if the acoustic sounds ever so slightly different, that is why.
1:05.4	But now, on to the show.
1:08.0	Yo, technology.
1:10.7	What is it all about?
1:12.4	A very large fraction, maybe most of what we believe is wrong.
1:15.6	And that to the extent that we remain successful, it'll be because we are good at correcting
1:20.5	our mistaken beliefs rather than that we sort of furiously bring to bear our opinionated
1:26.2	worldview.
1:29.5	Patrick Collison and his brother, John, are quite the story.
1:34.6	They're from a tiny village in Ireland, and they came out to Silicon Valley way back in 2009
1:39.1	after Patrick dropped out of MIT to get Stripe off the ground.
1:45.6	And what they did was create one of the fastest growing startups in the world.
	...

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