meta_pixel
Tapesearch Logo
How I Built This with Guy Raz

Stripe: Patrick and John Collison

How I Built This with Guy Raz

Guy Raz | Wondery

Business

4.831.1K Ratings

🗓️ 7 May 2018

⏱️ 43 minutes

🧾️ Download transcript

Summary

Brothers Patrick and John Collison founded and sold their first company before they turned 20. They created software to help eBay users manage inventory online, which set them on a path to help make e-commerce frictionless. Today, John and Patrick are the founders of Stripe, a software company that uses just a few lines of code to power the payment system of companies like Lyft, Warby Parker and Target. Plus, for our postscript "How You Built That," how Robert Armstrong turned his grandma's cookie recipe into "G Mommas," buttery, bite-sized pecan-chocolate-chip cookies that are now sold in stores across the Southeast U.S. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

Click on a timestamp to play from that location

0:00.0

Hey, Prime Members, you can listen to how I built this early and ad-free on Amazon Music.

0:07.0

Download the app today.

0:09.0

New Year's is here, and with it brings the possibility of change.

0:13.0

As one behavioral scientist put it, first starts are really powerful.

0:17.0

So as you head into 2023, LifeKit is a great resource to help you plan your life and tackle changes, both big and small.

0:24.0

Listen to the LifeKit podcast from NPR.

0:27.0

Hey, really quickly, just want to let you know that we're building a brand new place for you to share ideas, advice, and encouragement about the things you are building.

0:36.0

Kind of like a speakeasy for entrepreneurs, except it's online, and it's not illegal.

0:41.0

It's a Facebook group called How You Built That.

0:44.0

So if you're a fan of the show or someone who just wants to connect with people like you around the world, go to Facebook and search for How You Built That, or go to n.pr-builder.

0:56.0

That's n.pr-builders.

1:01.0

We built the first prototype back in October of 2009, and it really was a parent to us that it wouldn't be easy.

1:11.0

It was not going to be possible for it to be something that, well, we code furiously for two months, we launch this thing, and then it's off to the races.

1:19.0

Like, from when we started working on it full time, when we publicly launched, it was almost two years, and so, yeah, going to be hard, but it is actually possible.

1:33.0

From NPR, it's How I Built This, a show about innovators, entrepreneurs, idealists, and the stories behind the movements they built.

1:42.0

I'm Guy Ross, and on today's show, How Two Brothers from Ireland wrote seven lines of computer code and built it into a $9 billion business.

1:57.0

So, the Holy Grail for a venture capitalist is the elusive unicorn. This is what hundreds or thousands of business school graduates working at venture firms search for every day.

2:18.0

They said through pitch, after pitch, PowerPoint, after PowerPoint, hoping that today will be the day that one of these pitches will be the next we work, or Uber, or Airbnb.

2:30.0

An opportunity so rare, so coveted, it's like a unicorn.

2:36.0

Well, welcome to today's story, because Stripe is basically a unicorn with extra whipped cream and cherries on top. This was a company that went from zero to $100 million in value in a matter of months.

2:51.0

And today, barely seven years after its founding, Stripe is valued at more than $9 billion.

2:58.0

So now your next question, what is Stripe? Well, Stripe isn't a thing you buy. It's not like underarm or shirts or warbuy Parker glasses, but it is what allows you to buy those things online.

...

Transcript will be available on the free plan in -2522 days. Upgrade to see the full transcript now.

Disclaimer: The podcast and artwork embedded on this page are from Guy Raz | Wondery, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Guy Raz | Wondery and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2025.