Digital entrepreneur and technology enthusiast, Patrick Collison is the Cofounder and CEO of Stripe, a multi-billion dollar payment processor company, He and his younger brother John Collison founded Stripe in 2010.
Stripe early investors include Peter Thiel, Elon Musk and Sequoia Capital. Later in 2016, the Collison brothers became the world’s youngest self-made billionaires after an investment in Stripe from CapitalG and General Catalyst Partners valued the company at $9.2 billion.
They had featured both Patrick Collison and his younger brother John collision on the young Irish person’s rich list in 2008 aired on an RTÉ Television show.
Collison loves to read, and he’s interested in many subjects, such as history, technology, engineering, fiction, philosophy, art, and long term thinking. He sits on the board of Stripe and The Long Now Foundation.
Patrick Collison Background and Early Life
Patrick was born on 9 September 1988 to a lovely Irish family. He got his interest in technology and started learning about computers at a very young age.
At ten Patrick started learning the programming language, both brothers built and sold their first startup Shuppa, which later merged with Auctomatic when they were still teenagers.
In 2005, they awarded Patrick Collison recipient of the 41st young scientist of the year for his work with Lisp at age 16; He was also a runner-up at the 40th young scientist and technology exhibition. After attending Castletroy College in his home country, Ireland. He went on to MIT to further his education, while his brother went to Harvard, both brothers later dropped out.
Patrick Collison Net Worth, Career and Digital Entrepreneurship
Patrick’s first startup was a software company called Shuppa it offers an auction and marketplace management system for all of those individual sellers on such sites as eBay, Amazon, Overstock, and others. The application lets you list your items and manage your sales, but it also helps you understand how to best optimize your selling and maximize profits.
Shuppa was founded with his younger brother, they got into Y Combinator in the winter 2007 Batch and they joined to two Oxford graduates with the same project and both companies merge and became Auctomatic.
In 2008, a public company named Communicate.com bought the Auctomatic startup for $5 million in cash and stocks. The company is also changing its name to Live Current Media, Inc.
In 2010, Patrick and John solved the problem of how difficult it was to accept payment on the Internet, and Stripe was born, an online payment processor. Stripe now has a post-money valuation of $10B+ as of Sep 19, 2019, according to PrivCo. He sits on the board at Stripe and Long Now Foundation.
Key note
- Patrick collision Co-founded stripe with his younger brother John collision.
- Patrick attended MIT and later dropped out.
- His first startup, Shuppa which later merged with Auctomatic, got in the Y Combinator Winter program in 2007.
- He is on the board of Stripe and Long Now Foundation.
- They awarded him a “young scientist and a technology exhibition award,” in 2005.
- Patrick and his brother John hold most of the voting shares in Stripe.
- He was Inc. Magazine front page cover, April 2016.
- Wired magazine front page covers November/December 2018.
- They featured John on a young Irish person’s rich list aired on an RTÉ Television.
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Social Media Reach
Instagram @patrickcollison
Twitter @patrickc
Personal website patrickcollison.com
Get pocket @patrickcollison
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