Stripe is a startup by two brothers, Patrick and John Collison,  who noticed a significant pain in the world of business. This pain is that small startups don’t have an easy way of making payments when they begin, and Stripe chose to fix this. Using just seven lines of code, the Collison brothers managed to create a payment system that was an perfect for businesses like Uber, Airbnb, and even Amazon, who now uses Stripe for all of their transactions. Because of this, both Patrik and John are one of the youngest billionaires on the planet.

The Collison brothers entrepreneurial success lies in the need they saw for small businesses, where an easy payment form is absolutely necessary since you have a limited amount of resources in a startup. The main reason this need even existed is because PayPal was the previous way to handle transactions, and PayPal had not evolved to fit the current market since its creation. In this sense, not only did Stripe succeed, but PayPal needed to fail to make way for Stripe. This is exemplified in the decision of PayPal’s co-founders wanting to be part of Stripe. Sometimes a lack of attention by a business can lead to new opportunities for a young entrepreneur.