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Patrick Collison

Co-founder & CEO, Stripe · 1 appearance on the record.

computed by AI from the episodes · how this works → · full disclaimer →

founderexecutiveinvestor@patrickc ↗patrickcollison.com ↗Wikipedia ↗Instagram ↗

Patrick Collison co-founded Stripe with his brother John Collison in 2010, developing it into one of the world’s leading digital payments and financial infrastructure platforms. He also co-founded the Arc Institute and previously sold his first startup, Auctomatic, in 2008.

12statements → 4claims → 1claims resolved → 4/5average certainty → 1.75/5average debate potential → ≈4.5/5argument clarity, estimated → 33said about them ↓

1 supported 0 partly supported 0 contradicted 1 not yet assessed 2 not checkable as stated how the 4 claims stand · each chip opens the sources

4 assertions · 2 opinions · 6 insights · every statement was checked. The predictions and assertions are the 4 claims: statements the public record can support or contradict. 1 is resolved, 1 is not yet assessed, and 2 name no date, number or outcome precise enough to check. Everything else (opinions, insights, what ifs, disclosures) can never be settled by the record, so it carries no assessment.

The record, in short

What the tape says about how Patrick argues and how the claims held up. Everything they said, and everything said about them, is in the tabs below.

Their most notable supported claim

Assertion Supported
Collison: Stripe Co-Developed Payout Tech to Help Lyft Pay Drivers
“So in Lyft's case, for example, they wanted to not just charge their customers, but they wanted to pay their drivers and there was no product that enabled a really good driver payment experience, and so we've kind of co-evolved with them to enable the best End…”
Patrick Collison Mar 9, 2020 ▶ 26:36 Stripe: Patrick and John Collison (2018)

How they sound: not measured why? →

We measure speaking style by listening to the audio itself, and a fair number needs at least 2,000 words from one person on tape we have measured. There is too little of Patrick Collison on measured tape to publish a rate. This says nothing about how they speak.

Everything Patrick Collison said on How I Built This that made the record, most notable first. Filter by type, assessment or year in the ledger →

Insight
Patrick Collison: Tech hubris fails; financial infrastructure requires traditional banking partnerships
“Technology companies, I think, often have a sort of go it alone mentality. We'll build it all in-house. We'll do it all ourselves. We can do things better than ever in the outside world. Whereas we thought that Stripe would only be possible, and it would only …”
Patrick Collison Mar 9, 2020 ▶ 27:45 Stripe: Patrick and John Collison (2018)
Insight
Patrick Collison: Money cannot be mechanically turned into great software products
“And this is one of the great facts about our industry is that you cannot turn Money into great products as a kind of mechanical operation. If it were possible, there would be many more great iPhone competitors. Facebook would have been long since eclipsed by M…”
Patrick Collison Mar 9, 2020 ▶ 29:16 Stripe: Patrick and John Collison (2018)
Insight
Patrick Collison: Tech startups avoid hard problems spanning multiple domains
“Technology companies, startups tended, and still tend, I mean, for understandable reasons, to kind of shy away from things, from problems that sort of, ah, where you have to solve a lot of hard problems in multiple domains.”
Patrick Collison Mar 9, 2020 ▶ 13:54 Stripe: Patrick and John Collison (2018)
Opinion
Patrick Collison: PayPal was designed for consumers, not internet businesses
“So the basic issue with PayPal was that it's designed for consumers, not for businesses. And so if you're building an app, if you're building, you know, a website, if you're building a new marketplace, something like this, PayPal works okay for sending, you kn…”
Patrick Collison Mar 9, 2020 ▶ 14:30 Stripe: Patrick and John Collison (2018)
Insight
Patrick Collison: Significant work is very commonly done in one's twenties
“By the time people become famous because the thing they worked on succeeded, they tend to be older. But that means the mental image we have of people who do successful things is like 10 to 20 years, maybe even more, older than the ages at which they tend to ha…”
Patrick Collison Mar 9, 2020 ▶ 18:34 Stripe: Patrick and John Collison (2018)
Assertion Open · timeframe Mar 2020
Peter Thiel invested $200,000 in Stripe on the spot
“But Peter being such a, sort of, you know, an inveterate contrarian was quite sympathetic to this case, and decided on the spot to make, you know, a fairly material investment of 200,000 dollars.”
Patrick Collison Mar 9, 2020 ▶ 22:02 Stripe: Patrick and John Collison (2018)
Opinion
Patrick Collison: Google had every advantage over Facebook and still lost
“Google should have beaten Facebook. Google had every advantage against Facebook. They had you know, more people, more money, more distribution, more brand recognition, more of kind of any of the obvious inputs, and yet somehow there was something missing.”
Patrick Collison Mar 9, 2020 ▶ 30:42 Stripe: Patrick and John Collison (2018)
Insight
Patrick Collison: Scaling a startup never gets easier, challenges just change form
“And it kind of feels like that in the startup, where every day now, the problems and challenges are, and, you know, visceral pain is just as acute as when we were starting out. The problem is just of a different form.”
Patrick Collison Mar 9, 2020 ▶ 34:57 Stripe: Patrick and John Collison (2018)
Insight
Patrick Collison's serious projects have always been tools creating leverage
“I mean, from a very early stage, I was interested in sort of working on tools or just kind of building things that created leverage for others, and that basically the whole point of working on this programming language was to provide a tool that would make it …”
Patrick Collison Mar 9, 2020 ▶ 7:08 Stripe: Patrick and John Collison (2018)
Assertion Not checkable as stated
Patrick Collison: Early investors rejected Stripe's business model, not its team
“Most investors said no, but the reason was much more, or reasons were much more because they just thought it was a bad idea rather than the kind of bad people to execute it.”
Patrick Collison Mar 9, 2020 ▶ 19:20 Stripe: Patrick and John Collison (2018)
Assertion Not checkable as stated
Patrick Collison: Developers consistently integrated Stripe in an afternoon and launched next day
“We had lots of stories of people integrating payments in an afternoon or an evening, and then launching their business the next day. And that just worked consistently. That was a big break from what had prevailed before.”
Patrick Collison Mar 9, 2020 ▶ 25:28 Stripe: Patrick and John Collison (2018)
Assertion Supported
Collison: Stripe Co-Developed Payout Tech to Help Lyft Pay Drivers
“So in Lyft's case, for example, they wanted to not just charge their customers, but they wanted to pay their drivers and there was no product that enabled a really good driver payment experience, and so we've kind of co-evolved with them to enable the best End…”
Patrick Collison Mar 9, 2020 ▶ 26:36 Stripe: Patrick and John Collison (2018)

The other half of the tape: Patrick Collison's own voice is left out of every number here. Other people bring the name up 30 times in 1 episode on How I Built This. 3 statements on the record name them. every mention, with the transcript →

Who brings them up most Guy Raz 28Patrick and John Collison 2

Statements about Patrick Collison, by other people (3)

What-if
Collison: Selling Auctomatic early spared him the standard career treadmill
“Had we been, or had I been kind of on just the treadmill of, you know, you go to college, and you get your degree, and then it's your first job, and so on, such that, you know, I can certainly imagine sort of a different version of, you know, my life or my car…”
Patrick and John Collison May 7, 2018 ▶ 10:13 Stripe: Patrick and John Collison
Assertion Supported
Raz: Patrick and John Collison were 23 and 21 when Stripe launched
“When Stripe launched seven years ago, Patrick and John Collison were just 23 and 21 years old.”
Guy Raz May 7, 2018 ▶ 3:15 Stripe: Patrick and John Collison
Assertion Not checkable as stated
John Collison: Patrick Collison hacked his first website to teach security
“After I'd built it, Patrick taught me a lesson in in security. You know, I was probably 14 at the time, and I cobbled together this website, and there were vulnerabilities and issues and stuff that Patrick then hacked the site just to teach me a lesson on that…”
Patrick and John Collison May 7, 2018 ▶ 5:26 Stripe: Patrick and John Collison

Every mention by year

tap a year for its mentions
001513012018episodesmentions
0112018episodes it came up in
00150.53012018episodesmentions per episode
2018 30 mentions in 1 episode

Appearances (1)

EpisodeDateSpeaking time
Stripe: Patrick and John Collison (2018) Mar 9, 2020 14m
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