Collison: Post-2008 tech pessimism drove the investor bear case on Stripe
Patrick and John Collison · Stripe: Patrick and John Collison · May 7, 2018 · at 20:11
Stripe co-founders Patrick and John Collison recount the broader market skepticism and post-crisis investor sentiment during Stripe's founding.
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“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 part because U.S. Investors had really kind of ah, tilted quite skeptical on where technology was going, and so I think, you know, ah, the kind of, the bear case on Stripe Was in part this bear case on technology more broadly, where, well, maybe we've already done all the stuff we're going to do.”
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