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Patrick Collison Quotes
Patrick Collison Quotes
Patrick Collison
Irish
Businessman
Born:
Sep 9
,
1988
Companies
Had
Internet
People
Time
You
Related authors:
Alexander Turney Stewart
David Perry
John Collison
Martin Naughton
Sean Quinn
It's inevitable that tough situations will come up, but it's how you react that is the challenge.
Patrick Collison
You
Challenge
Will
Tough
Inevitable
Come
React
How
Up
Situations
Square is turning informal, cash transactions, like you would do with a taco truck, into card swipes. Stripe is more for the Internet, it's focused on the kinds of transactions that weren't possible years ago. We think about how you would buy things from a mobile phone, crowd-funding, how should that work.
Patrick Collison
Work
Buy
You
Phone
Internet
Think
Stripe
Focused
Possible
Would
Kinds
About
Cash
Taco
More
Truck
Like
How
Were
Years
Years Ago
Mobile
Square
Transactions
Informal
Turning
Should
Card
Things
In life, in the media, and everything, people focus way too much on founders.
Patrick Collison
Life
People
Too Much
Focus
Too
Everything
Way
Much
Media
Founders
Silicon Valley does not breed great technology. Instead, the smartest people from around the world tend to move to Silicon Valley.
Patrick Collison
Great
Technology
People
World
Valley
Silicon
Silicon Valley
Tend
Instead
Smartest
Around
Does
Move
Breed
There is really an issue in Silicon Valley with companies getting a bit ahead of themselves in terms of their own self-perception of their own success.
Patrick Collison
Success
Own
Valley
Bit
Silicon
Silicon Valley
Terms
Issue
Getting
Themselves
Really
Companies
'Entrepreneur' is a long, fancy French word, but it didn't seem like something you aspire to. It seemed normal, because whatever your parents do seems normal.
Patrick Collison
You
Entrepreneur
Word
Long
Parents
Whatever
Seem
Seemed
Seems
Something
Like
French
Because
Normal
Fancy
Your
Aspire
In 2007, there weren't any other accelerators, at least that I was aware of. We were almost the prototypical Y Combinator founders: We were highly technical but had never done a startup before. We also didn't know anyone in the Valley - investors, other entrepreneurs, potential hires. YC seemed like a great way to bootstrap that network.
Patrick Collison
Great
Before
Startup
Other
Valley
Way
Seemed
Network
Potential
Entrepreneurs
Never
Had
Investors
Almost
Highly
Like
Know
Also
Great Way
Least
Were
Any
Done
Anyone
Aware
Technical
Founders
I actually made a website called Y2 Combinator, which was the Y Combinator that starts Y Combinator clones. There's a very clear difference in the quality between the companies that come from YC and the companies that don't.
Patrick Collison
Website
Quality
Made
Starts
Clear
Between
Come
Very
Difference
Which
Companies
Actually
It's very possible that advertising business models will simply never do as well on mobile devices as those oriented around transactions.
Patrick Collison
Business
Will
Those
Possible
Never
Simply
Devices
Well
Advertising
Around
Mobile
Very
Models
Transactions
Oriented
Stripe makes it easy for anyone, be it an individual or a small business or a large business, to accept credit card payments on the Internet. We want to give control to the user or the business to define what the experience looks like. We work on a website or a mobile app, or whatever between that.
Patrick Collison
Website
Work
Business
Experience
Internet
Whatever
Control
Define
Stripe
Easy
Give
Small
Small Business
Individual
Between
Like
Looks
Accept
Makes
Mobile
Want
Anyone
App
Payments
User
Large
Credit
Card
Credit Card
Our goal definitely isn't to sell Stripe.
Patrick Collison
Our
Stripe
Definitely
Goal
Sell
At most large companies, what is locally optimal for you is very frequently not what is globally optimal for the company.
Patrick Collison
You
Locally
Most
Globally
Frequently
Optimal
Very
Companies
Large
Company
One of the first major programming projects that I worked on when I was growing up in Ireland, back just coding by myself, was a programming language. Then I spent a bunch of time working on a new web framer. Just back-end things to make it easier to go in and build things on top of, do other development.
Patrick Collison
Time
Myself
Language
First
Build
Programming
Other
Programming Language
Back
Top
Projects
Spent
Easier
Web
Development
New
Major
Make
Go
Up
Ireland
Bunch
Just
Then
Worked
Working
Growing
Growing Up
Coding
Things
I think that Stripe generally is comprised of the kind of people who believe in technology or are kind of optimistic about its effect and want to have whatever future it's leading to happen.
Patrick Collison
Future
Technology
People
Whatever
Believe
Think
Stripe
Kind
About
Generally
Leading
Effect
Optimistic
Want
Happen
Who
If you're building a consumer app, you're necessarily coupled to the intrinsic time cycle of human fashion in that it's a fashion-driven space, and we see that in the cycle of these various apps. I think for infrastructure that that just naturally tends to play out over a longer time horizon.
Patrick Collison
Time
Fashion
You
Space
Building
Think
Apps
Out
Intrinsic
Horizon
See
Various
Tends
Consumer
Longer
Over
Coupled
Human
Just
Infrastructure
Cycle
App
Naturally
Play
Necessarily
I grew up in very rural Ireland. The Internet was kind of a connection to the greater world. It had a lot of significance.
Patrick Collison
World
Internet
Significance
Kind
Rural
Had
Greater
Lot
Up
Ireland
Very
Grew
Connection
There is a higher degree of operational excellence and rigor demanded of Stripe than of most companies.
Patrick Collison
Degree
Stripe
Rigor
Excellence
Higher
Demanded
Most
Operational
Than
Companies
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