stripe

Stripe: Patrick and John Collison

• Waiting for IPO now.
• Key strength: an application programming interface that easily integrates its payment technology into the software systems of customers.
• Risks
  • Increasing fees from the banks.
  • Competitors.
  • Decreasing fees from partners as they grow.

Resources

• Will Fintech Maverick Stripe Finally Take The Plunge When IPO Market Picks Up? | Investor’s Business Daily | Jul. 26, 2023
  • “Stripe is an e-commerce-focused merchant acquirer”
  • $95BinMarch2021downto$50B.
• Fintech darling Stripe has first-world problems | Reuters | Mar. 2, 2023
  • Paul Graham considered Stripe the next Google
  • 60% of the startups in 2021 used Stripe’s service.
  • 
• Stripe happy as a private company right now, says John Collison | RTE | Jan. 6, 2022
  • “We’re very happy as a private company.” — John Collison
  • Cooperative computer science program at University of Limerick

Story

• Stripe: Patrick and John Collison (2018) | How I Built This
• Brothers from Ireland, both college-drop-out.
• Backend tech for safely inputing credit card info.
• Auctomatic: an inventory management tool for e-commerce”
• In the experience with Auctomatic, they found that the hardest part for online business is the payment process. Banks are the gatekeepers.
• Tech companies and startups tend to shy away from problems that involve solving hard problems across multiple domains. Online payment system is just one of the cases
• PayPal is designed for consumers instead of businesses use cases. It’s not an automatic tool.
• Silicon Valley has has the highest risk tolerance for investment.