Insight certainty 3/5 debate potential 2/5

John Collison: Underestimating internet market size is a primary founder mistake

John Collison · a16z Podcast | The Evolution of Payments · Jan 2, 2019 · at 1:19

John Collison, President and co-founder of Stripe, shares key learnings about internet market sizing during a conversation with Alex Rampell.

0:00 / 0:06exact quote · 6.9s
▶ Watch the full episode on YouTube → 720p mp4 · rendered on demand · StarZero watermark
“I think the lesson we have all learned from the internet is one of the big mistakes you can make is underestimating how large a market is going to be.”

quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →

More from John Collison

Assertion Not checkable as stated
Collison: Bitcoin consumes 40 times more power than the Visa network
“Bitcoin is kind of inefficient enough that it uses 40 times the power of the Visa network, despite kind of a much lower throughput than the Visa network.”
John Collison Jan 2, 2019 ▶ 15:33 a16z Podcast | The Evolution of Payments
Opinion
Collison: Investors should not short Visa or Mastercard
“If I was an equity investor, there's no way I would be short these companies. Because you have the secular growth of just, like, digital payments.”
John Collison Jan 2, 2019 ▶ 15:43 a16z Podcast | The Evolution of Payments
Assertion Contradicted
Collison: Bank credit card fraud models rely on 1960s-era neural networks
“And if you look at how the fraud systems that actually back your credit card work today, what happens is, you know, so you have a chaser bank for America or whatever credit card. And there's a set of neural networks that were trained and you're like, oh, cool.…”
John Collison Jan 2, 2019 ▶ 16:41 a16z Podcast | The Evolution of Payments
Prediction Not checkable as stated
Collison: Software will evolve to create a unified revenue platform category
“The way we see the world, there is no revenue platform right now, and if you look at all the products that we have been building, better analytics on the revenue data that you have in Stripe, a source of truth billing system, things like that, it's moving in t…”
John Collison Jan 2, 2019 ▶ 9:20 a16z Podcast | The Evolution of Payments
Insight
John Collison: No established playbook exists for API-oriented businesses
“As far as we see it, there is not a playbook for building an API-oriented service, and so a lot of that is still emerging.”
John Collison Jan 2, 2019 ▶ 3:31 a16z Podcast | The Evolution of Payments
Assertion Not checkable as stated
Collison: Wish increased mobile conversion by 7% using Stripe Elements
“So Wish is an e-commerce company. They flipped over from a checkout they had built on mobile to Stripe Elements. We spent all this time optimizing a mobile checkout just because it's an interest for us to do and not other people. And they saw a seven percent u…”
John Collison Jan 2, 2019 ▶ 7:49 a16z Podcast | The Evolution of Payments
Made with StarZero

Turn any episode into a week of clips.

This entire site, over 1,000 episodes transcribed, diarized, checked and made playable, runs on the StarZero media pipeline. Drop in your own episode and the podcast clipper finds the moments worth sharing, cuts them, captions them, and reframes them for every feed.