When you think of an entrepreneur it is typical to think of words like self motivated, determined, wealthy, and perseverance. I mention these words because it is important to think about what makes a good entrepreneur. John Collison is a man who possesses all of these characterisits. John Collison is a 30 year old Irish – born man who dropped out of college to start his company, Stripe, in 2010. Stripe is a software company that focuses on the mobile payment process for companies such as Lyft, Visa, Apple, Facebook, and Twitter. John Collison and his brother created this software and took it to big venture capital investors, such as Elon Musk, for funding to really help take their company and idea to the next level. Just 6 years after their company was founded the Collison brothers became the youngest self made billionaires. In 2018, Stripe was valued at over $19 billion. These brothers created this company on their own and they built it into what it is today. They were both men who were deteremined and self motivated to help make things easier for the user. As of recently, Stripe has grown so much from the two brothers to now more than 1,500 employees.
I have used Stripe previously for payment processing and can agree with you that it is an impressive company. Even though most of their products only have a small fee, they do not lack in quality. Like you mentioned, they have proven themselves by being able to attract companies like Lyft, Apple, and Twitter. I would assume Elon Musk was pivotal in Stripe’s beginning, considering he co-founded Paypal. It is inspiring to hear how Collison was able to build Stripe into one of the most influential and successful tech companies. Thinking in the perspective of the user seems to be a large factor in his success.
John Collison seems like an affective entrepreneur because he looked and saw that there was not a great method of mobile payment. He created Stripe and solved that problem. It’s very interesting to me how easy a lot of these young entrepreneurs make it look to become rich.