financial crisis
4 statements across 4 episodes · 1 bullish · 1 bearish · 3 people on the record · first statement May 7, 2018 by Patrick and John Collison · across every show →
Everything said about financial crisis, oldest first
May 7, 2018 bearish
Collison: Post-2008 tech pessimism drove the investor bear case on Stripe
“You know, we were sort of starting Stripe in the wake of the financial crisis, and it's kind of hard to, ah, remember this, or kind of, ah, internalize it now, but people were actually fairly pessimistic about technology in some ways back then, and that was in…”
Aug 5, 2019
Aug 29, 2020 positive
Shah: Online furniture grew during 2008 despite a 30% industry crash
“In the Great Depression, it shrunk 35% from the top to the bottom. In the financial crisis, it actually shrunk, the furniture industry shrunk by 30%, three-zero, and so it was really devastating. What was interesting, though, is online, except for an immediate…”
Jun 8, 2026
Lütke believes Shopify would have failed if founded two years later
“Like, this is not a kind of company that could have been started even two years later, right? It needed to be started right then, and it needed to be ready and good by the time the opportunity around the financial crisis came around.”