Patrick Collison, co-founder and CEO of Stripe, discusses his early unconventional education and clarifies his high school graduation record with host Shane Parrish.
Insight
Collison: Tech workers moving to low-cost regions will be less productive
“Because of the sort of the collision of ideas and people in cities makes them more productive than if they were elsewhere. If you believe that to be the case, and there's like pretty good empirical data that it is, then it, you can't just move elsewhere. You c…”
Insight
Collison: Making twice as many decisions at half precision is often better
“If you can make, like, if you can make twice as many decisions at half the, kind of half the precision, that's actually often better. And then given the fact that sort of the rate of improvement of decision making with additional time almost necessarily tends …”
Insight
Collison: Discrete organizational decision-making is overrated compared to continuous systems
“I'm inclined to say, I don't know if I actually believe this, but I'm inclined to say in response to that question that decision making in organizations is slightly overrated in that organizations are not like investment entities or funds or managers in that o…”
Insight
Collison: Making twice as many decisions at half precision is often better
“If you can make, like, if you can make twice as many decisions at half the, kind of half the precision, that's actually often better. And then given the fact that sort of the rate of improvement of decision making with additional time almost necessarily tends …”
Insight
Collison: A CEO being forced to decide indicates broken organizational architecture
“There are some decisions where if I'm making it or if I have to make it, that probably suggests that something else organizationally or institutionally has broken. And I think the need for a decision from anyone, not just from me is often like only a sort of a…”
Opinion
Collison: Sequoia is the only VC firm in top three for four decades
“And Sequoia has been, you know, the top firm or in the top three firms, obviously it's a subjective ranking, but call it, you know, a top, unquestionably a top three firm for essentially its entire existence. And there was no other VC firm that has been a top …”