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 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 stripescoupleyears 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 technologyimportantclouds 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 stripespeersthinking 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 stripesgivingcards 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-businessdeviceswells 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 intelligentideasinteresting 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 pessimistictechnologythinking 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 qualitydifferencesmade 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 housepeopleideas 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 creativitydreambelieve It's inevitable that tough situations will come up, but it's how you react that is the challenge. Patrick Collison challengewillyoutough 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 phoneyouinternetwork 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 goodprogresshumanitybelieve 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 youwishtimepeople In life, in the media, and everything, people focus way too much on founders. Patrick Collison focuslifepeopleway Silicon Valley does not breed great technology. Instead, the smartest people from around the world tend to move to Silicon Valley. Patrick Collison greattechnologypeopleworld 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 valleyaheadownsuccess '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 parentsyouentrepreneurlong Presumably, what you want to do is work on something meaningful and significant with people you really admire. Patrick Collison youadmireworkpeople In 2007, there weren't any other accelerators, at least that I was aware of. We were almost the prototypical Y Combinator founders: We were highly technical but had never done a startup before. We also didn't know anyone in the Valley - investors, other entrepreneurs, potential hires. YC seemed like a great way to bootstrap that network. Patrick Collison nevergreatknowway
