At most large companies, what is locally optimal for you is very frequently not what is globally optimal for the company. Patrick Collison More Quotes by Patrick Collison More Quotes From Patrick Collison Eventually, after a couple of years, Stripe strated to become an overnight success. Patrick Collison stripes couple years One of the important lessons of the Internet is, how easy it is to get things done completely shapes what gets created. For that reason, technologies like Amazon's cloud service are very important. Even if they aren't technically impressive, they make things easy to do. Patrick Collison technology important clouds We don't always endorse what businesses sell through Stripe, but we do think it's critical that we and our peers don't act as gatekeepers for what is and isn't acceptable content. Patrick Collison stripes peers thinking I think it's kind of human nature to always want to see these things as a competitive dynamic, that either technology companies have to win or the banks have to win and one of them is going to lose. It's not as black and white. Patrick Collison black-and-white technology winning Stripe makes it easy for anyone, be it an individual or a small business or a large business, to accept credit card payments on the Internet. We want to give control to the user or the business to define what the experience looks like. We work on a website or a mobile app, or whatever between that. Patrick Collison stripes giving cards It's very possible that advertising business models will simply never do as well on mobile devices as those oriented around transactions. Patrick Collison advertising-business devices wells The part of Stripe that I've always found most interesting is the idea of facilitating new commerce that wouldn't otherwise happen. Payouts is turning out to be a big part of that. These new networks are efficient, intelligent replacements for offline behemoths. Patrick Collison intelligent ideas interesting I think in general technology always sort of makes some jobs less relevant, or perhaps, even obsolete, but I will say that the idea that sort of workers will find nothing else to do seems like it's way too pessimistic on the capabilities of everyone as human beings, right? Patrick Collison pessimistic technology thinking I actually made a website called Y2 Combinator, which was the Y Combinator that starts Y Combinator clones. There's a very clear difference in the quality between the companies that come from YC and the companies that don't. Patrick Collison quality differences made When Facebook famously moved out to Palo Alto there were people in the same house Facebook was based in working on different ideas. It is vital to remember that. Patrick Collison house people ideas I think it'll take a while to adjust, but when you think about just the creativity of people and what they're capable of and the sort of aspirations and dreams that they have, the idea that they're not capable of anything more than sort of performing these automatable clerical tasks, I don't believe that for a second. Patrick Collison creativity dream believe It's inevitable that tough situations will come up, but it's how you react that is the challenge. Patrick Collison challenge will you tough Square is turning informal, cash transactions, like you would do with a taco truck, into card swipes. Stripe is more for the Internet, it's focused on the kinds of transactions that weren't possible years ago. We think about how you would buy things from a mobile phone, crowd-funding, how should that work. Patrick Collison phone you internet work We presumably believe that most of the technological progress over the arc of humanity to date has been good. I don't see any argument to go back to 1600. Patrick Collison good progress humanity believe When you talk to people who are old, some wish they had enjoyed themselves more, but not many wish they had wasted more time. Patrick Collison you wish time people In life, in the media, and everything, people focus way too much on founders. Patrick Collison focus life people way Silicon Valley does not breed great technology. Instead, the smartest people from around the world tend to move to Silicon Valley. Patrick Collison great technology people world There is really an issue in Silicon Valley with companies getting a bit ahead of themselves in terms of their own self-perception of their own success. Patrick Collison valley ahead own success 'Entrepreneur' is a long, fancy French word, but it didn't seem like something you aspire to. It seemed normal, because whatever your parents do seems normal. Patrick Collison parents you entrepreneur long Presumably, what you want to do is work on something meaningful and significant with people you really admire. Patrick Collison you admire work people
