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Patrick Collison Quotes

Patrick Collison

Patrick Collison quotes: the other baby billionaire co-founder of Stripe adds the following about success.

“Work on things you’re passionate about.”

“Even turkeys can fly in a high wind.  Marketing shouldn’t be the driving force until you know your product is in the right place.”

“It’s helpful to remember that the only thing that matters in the very beginning is building a product or service that some number of people really likes – then most other problems are solvable.  If you do not do that, no matter how well you do everything else, you’re probably not going to succeed.”

“It’s inevitable that tough situations will come up, but it’s how you react that is the challenge.”

“‘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.”

“In life, in the media, and everything, people focus way too much on founders.”

“Generally speaking, and I mean this seriously, all of the really good things that I’m most proud of that Stripe has done, they’ve been done by others, and that’s, if ever I might get a swollen head from Stripe’s success, you don’t have to go back very far through the list of really cool things that I think we’ve done, it’s abundantly clear that they were done, they were led, they were conceived of, the whole nine yards, by others.  Generally speaking, I think it’s a little bit too much attention given to the founders, in that we’re here as delegates on behalf of this much larger group.”

“I think in general technology always sort of makes some jobs less relevant, or perhaps, even obsolete, but I will say that the idea that sort of workers will find nothing else to do seems like it’s way too pessimistic on the capabilities of everyone as human beings, right?”

“There’s been tons of failure, but what’s inspiring to me in sort of how it’s all changed is that I feel like there’s now somewhat more antipathy, and I think some of that is understandable since Silicon Valley companies have become so powerful in that at a moment in time last year, I don’t think it’s the case as of literally today, but four of the top five companies in the U.S. by market cap were technology companies.”

“I think it’ll take a while to adjust, but when you think about just the creativity of people and what they’re capable of and the sort of aspirations and dreams that they have, the idea that they’re not capable of anything more than sort of performing these automatable clerical tasks, I don’t believe that for a second.”

“Silicon Valley does not breed great technology.  Instead, the smartest people from around the world tend to move to Silicon Valley.”

“When Facebook famously moved out to Palo Alto, there were people in the same house Facebook was based in working on different ideas.  It is vital to remember that.”

“It’s a common case with high-growth startups where the co-founding team breaks up – generally, it’s hard to get the team to persist.  It’s easy to stick with it when you have known the person for decades either as a friend or family.”

“Presumably, what you want to do is work on something meaningful and significant with people you really admire.”

“Some consumer web startups seem to pop up over night, but Stripe’s infrastructure took 14 months to get ready before they could launch to the public.”

“Eventually, after a couple of years, Stripe started to become an overnight success.”

“What interests us in Stripe is the idea that there could be much more commerce happening on the internet.”

“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, happen.”

“If you want to hire the best people, the best people are already doing pretty impressive things.  They have their life plans, their picture for what they want to be doing.  To figure out a way in which those trajectories align really takes time.”

“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?”

“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.”

“We presumably believe that most of the technological progress over the arc of humanity to date has been good.  I don’t see any argument to go back to 1600.”

“It’s very possible that advertising business models will simply never do as well on mobile devices as those oriented around transactions.”

“One of the important lessons of the internet is, how easy it is to get things done completely shapes what gets created.  For that reason, technologies like Amazon’s cloud service are very important.  Even if they aren’t technically impressive, they make things easy to do.”

“I grew up in very rural Ireland.  The internet was kind of a connection to the greater world.  It had a lot of significance.”

“It was very clear, if you grew up in the middle of Ireland, just how potent a force the internet was and could be.  I was always seduced by the potency of computers and the possibilities for which they could be leveraged.”

“I went to the bookstore on a Saturday, I bought a book about programming, and I started programming.”

“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.”

“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.”

“I started Stripe with my brother, John Collison, while we were in school together.  We first started off building iPhone apps together and using the money we made from them to pay our tuition.”

“John and I didn’t start to work together because we were brothers.  He was just one of the most talented people that I knew, and as a result of that we would discuss ideas together.”

“I think if I was doing it all again, I would make a list of the 10 things that are helping us succeed, and what processes could we put in place to make sure that we preserve all of them.”

“I watch virtually no TV.  All my screen time is computer time for me.  When I’m not doing that I’m reading or talking to my friends who I got to know through computers.”

“Heartening as the success to date has been, we are so early in accomplishing the goals that we set out for ourselves.”

“When you talk to people who are old, some wish they had enjoyed themselves more, but not many wish they had wasted more time.”

Cory Johnson: CEO of a business he has yet to launch. As seen on your mom’s phone. Scaled to 7-figures in seven seconds selling a course on selling courses. Kidding. Watch this.