John Collison (born August 6, 1990) is an Irish billionaire entrepreneur and the co-founder and President of Stripe which he co-founded in 2010 with his brother Patrick. After dropping out of college, John Collison and his brother went on to found Stripe in 2010, with the goal of revolutionizing the digital payment business. Collison’s first major money maker was a company called Auctomatic. Auctomatic was a software company that built tools for the eBay platform.] The company was also funded by Chris Sacca. Auctomatic was acquired for $5 million in March 2008, when Collison was 17. In 2009, Collison (having returned to finish secondary school at Castletroy College) received 8 A1 and 2 A2 grades in the Irish Leading Certificate examination. He continued to study at Harvard University, commencing his studies in September 2009. In 2010, Collison co-founded Stripe with his brother Patrick. After receiving seed funding from venture capital investors such as Elon Musk, Stripe has rapidly grown into one of the largest mobile payment processing companies, boasting clients such as Lyft and Shopify along with partnerships with Visa, Apple, Facebook, and Twitter. By 2016 the Collison brothers had become the youngest self-made billionaires in the world. As of 2018 Stripe was valued at over $19 billion. John Collison is a great example of an entrepreneur who saw an area where innovation was possible and absolutely made the most of it. Online payment processing is a massive industry which he entered nearly flawlessly. Collison’s story is especially inspiring because he founded his company at such a young age and did it with his brother while still managing to acquire generational wealth.
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This is super interesting! I had no idea of the background of Stripe. it is amazing that they came up with such a product at a young age and made so much money. I wonder if they will use their resources and invent something else that businesses will adopt worldwide.