Running Your Company by Patrick Collison

YC Partner Adora Cheung, along with Patrick Collison, the founder of well known YC alumnus Stripe, discuss how to most effectively run a startup company towards success.
Learn more at www.startupsch...

[@rdjnapoli]

Patrick is an incredible visionary and CEO. Stripe will continue to grow and have one of the largest IPOs in recent years when they decide to go public.

[@ihatehashem]

Hi - I'm from the future they still didn't go IPO... Their valuation took a massive drop.

[@cianmccarthy3073]

Proud to be Irish watching this man

[@ryanackert1536]

Guy is brilliant. I love some of his mannerisms, straight Richard Hendrix

[@Nedwin]

He really has serious public speaking skill. What a smart young CEO. Respect! 🙏

[@Ntarasiuk]

Very inspirational! Stripe is on a creative roll. Good interview questions, Adora!

[@TheAIEpiphany]

Very original, first principles thinker, eloquent as well. Great episode

[@inanaincarnate]

The key qualities of a Stripe employee: • intellectually honest, • cares a great deal, • loves getting things done. -> Pleasant and warm people who make others happier as a result of their presence. -> Get people who help move the organization forward faster.

[@blackpixels9841]

I'll

[@blackpixels9841]

I'll

[@blackpixels9841]

?. . Mm M M M M.

[@blackpixels9841]

Oh Km

[@alexrogers7666]

I love listening to Patrick Collison. These are some especially good questions! I enjoyed this video!

[@SahinKupusoglu]

Patrick Collison, impressive guy! And thanks Adora Cheung, YC has such great partners...

[@andu896]

This was a great interview! And I’m still at min 8!

[@GibranMakyanie]

His vocab is just mind boggling

[@dylantierney6407]

Gibran Makyanie I don’t want to brag, but this level of vocal is very normal in Ireland

[@akorenkov]

@@dylantierney6407 Only Americans are stunned.

[@akorenkov]

@@alexandria5758 Why would nerds be stunned with an average vocab? That doesn't make sense.

[@akorenkov]

@UC7u3tlIcztg09wYH_slzoDw Are you sure you're not American? Because your grammar and sentence structure is just awful.

[@whatever-wn1nk]

he reads a lot

[@selenale7748]

the top successful alumus from YC

[@SineadWalshMansfield]

Than you Adora and Patrick. Super insightful, useful and reaffirming

[@mariojohnson4695]

This dude is extremely smart, funny and will someday be ultra wealthy!!

[@onetwo3411]

He's already worth billions.

[@mariojohnson4695]

Yea, I discovered that later, thanks for the response.

[@ciaran6309]

@@mariojohnson4695 his worth 2.1 billion to be percise.

[@mariojohnson4695]

ciaran delaney that’s nice coin, I can’t wait until Stripe goes public.

[@stoopidnametag]

@@ciaran6309 now 10B

[@colors6692]

Patrick and John are now worth $11.5 Billion EACH!

[@Nedwin]

ah wow!

[@VANCOUVERHOUSEFINDER]

I love how he zeros in on quick decision making. Hierarchy isn’t necessarily bad.

[@superblitz2274]

I am in love with his personality

[@savorthepassion]

Oh man. He just said something that spoke to me on a very seriously key. To build an organization ahead of where it's at. Precisely what I've been doing for the last year. I've spent my time proving the concept, I've formed the vision of what this business will look like now I'm building it as it should be. As he said what would it look like if it were serving the market. Handle the big details now then I'll get to the finite stuff later. Great video so far!

[@peerdox2275]

So, how you doing now?

[@LaurentiuFlorinMoisa]

@@peerdox2275 he's OK since he has no time to reply.

[@stevenw2933]

@@peerdox2275 almost invariably not well, because the statement was an answer to what should happen after product market fit. It seems like he did not even start his business. What second time, previously successful founders do is very different from what a first time founder should do. Most of the information available from YC is nearly exclusively the opposite from this advice, which is to build an imperfect product and then continually iterate toward the customer's needs. Which is actually what Patrick started off doing as per the beginning of the video.

[@peerdox2275]

@@stevenw2933 True Indeed. Being Calculative about your startups each and every action is not always the best thing to do. As you said improvisations on the go to find the product market fit is the way to go

[@rogerzhang5993]

I think it’s misleading to talk about a business success or failure on someone else’s behalf. I am also starting a business with a beta app coming out within a month. Have 3 unpaid employees. Someone ping me in a year’s time.

[@pging8328]

Please don't speed up the playback of Ycombinator videos

[@rikrenard206]

Amazing conversation! Sad it’s not available via Spotify..

[@fredrickarobinson5889]

my goal iss the homeless living on the streets but in caring we are going to plan reaching out to them and hep them fill out the paperwork, whatever it takes. been this long road but i accomplish the homeless thing i want to see more

[@ליהיימליך]

wow, that's a great video!

[@kevinkang4427]

Adora is a great interviewer

[@jungjunk1662]

Is it just me. Found the interviewer very annoying and artificial?

[@heratyian]

What’s that book recommendation at 22’? Satisfaction?

[@Zaaappp]

Ian Heraty by any chance did you find out what the book is?

[@AmadeuszBartosz]

@@Zaaappp Uncanny Vanny by Anna Weiner

[@olivergilpin]

48:30 - ask people to send “probably bad ideas”!

[@wasimraja2980]

"Like" if you are watching this in below normal speed ?

[@dhritimansen3111]

This is the first time I've heard Alvarado being mentioned by either Patrick/John.

[@modusponens1094]

"You almost invariably come from n musketeers for small n" lol (~ 42:00)

[@fun8643]

great mind

[@blundershock]

My first read of the title was "Ruining your company", I knew someone who tried that, had to be sacked. How to deal with fraudulent use of company funds, it's a tough one. Call the cops or not. Tough call.

[@conordunne4424]

Can I just ask who in the world dislikes these type of videos, people they didn’t hire ? Competitors? Other than those people, who actually goes yeah I’m gonna Unlike this video

[@adityakaul8065]

Haha..uniform morass of Brownian motion…wow!

[@RemiStardust]

Sad, his Irish accent is almost gone :(

[@Ruairoquai]

His brother still seems to have most of his accent.

[@olivergilpin]

I can still hear it as a Brit!

[@thenextshenanigantownandth4393]

@@olivergilpin British people are not that exposed to Irish accents either.

[@olivergilpin]

@@thenextshenanigantownandth4393 Sure, but it can definitely be heard

[@blakemcalevey-scurr1454]

I think he sounds a lot more irish than American, and I think my view is fairly impartial being neither.

[@ahsanmohammed1]

@ 48:00. Nugget. Solicit ‘maybe a bad idea,' not only 'good ideas.'

[@kyle7382]

brilliant

[@freddiewadling2090]

Reminds me of James Dyson. A young, 1.5x speed Dyson.

[@josephwong2832]

pc is highly intellectual

[@l0gic_2k]

Richard Hendricks?

[@rishabhshukla1089]

He is so incredibly awkward but uses all his smarts to never let that come in his way of being himself.

[@HughGuiney]

As an ADHD-haver I totally empathize, but I wish Patrick would have slowed down and said less per answer. He went on so many tangents.

[@manojtutika7461]

Makes total sense in 0.75x. No, seriously, try it. That asian girl sounds weird but this guy sounds like a normal person.

[@vimalcurio]

nope normal speed is fine for me

[@wwpark]

He has such a weird mix of Irish and San Francisco accent

[@selenale7748]

now they are huge startup got funded

[@jerryoverton7037]

I found the speaker's verbal pauses distracting and the talk, as a result, difficult to follow

[@kangja9338]

18:55

[@MarcusVini2023]

Enviar tenente T.O Marcílio em casa 🏠 preparar my Family, eu não tenho mais condições de falar 🗣️

[@reardelt]

How tall is Patrick? It seems like all these billionaires are average in height.

[@vladarino]

Why do you care?

[@grahambutler734]

I think patrick might be 5'10 Jeff Bezos5’8” Bill Gates5'9" Warren Buffett5'10'' Carlos Slim5'7" Mark Zuckerberg5’7” Sergey Brin5’7" Jack Ma4'11" Dustin Moskovitz5’8” Travis Kalanick5’8” Jack Dorsey5’10” Brian Chesky5’8” Arash Ferdowsi5'7" Grant Cardone5’9” Steve Chen5'6" Gary Vaynerchuk5’7” Shantanu Narayen5’6" Satya Nadella5’7” Average Genius CEO height is 5'8

[@jpsxlr8]

@@grahambutler734 Steve Jobs 6'2'' Elon Musk 6'2''

[@tnvmadhav2442]

@@jpsxlr8 (really) long tail

[@HashimAziz1]

@@grahambutler734 The real question is how that compares with the general population and whether being average height is correlated with intelligence.

[@DTR89]

Sorta, sorta, kinda, kinda...

[@christopherwillson]

Sort of

[@jamesqiu6715]

Kind of .... ummm ...

[@braddalton1951]

Stripe fraud for digital downloads. I lose the full amount of the download fee for my work $50 plus you charge me $25 and the thief gets the download free. You get billions. You win, the thief wins and the owner of the digital product ( me ) loses. Its not like that at PayPal.

[@thomaswil8]

Really wish stripe would stop taking money from people

[@jonathanavery317]

There seems to be an unwritten rule that the interviewer tries to dress like the interviewee in these.

[@CrispyBK]

The male hockey concurrently brake because touch postsurgically surround but a brawny pipe. tough, trite raven

[@jabaralhut956]

Very wordy interview. Couldn't tell if the interviewer was asleep sometimes

[@ElGancha]

wish the lesbian wasn't so annoying!

[@cullentoal]

This guy bleached his hair

[@harshjotsingh1789]

Ginger

[@vimalcurio]

Patrick is an incredible visionary and CEO. Stripe will continue to grow and have one of the largest IPOs in recent years when they decide to go public.

[@vvmm3712]

This guy has copied comment from someone called Ryan Napoli (who commented one year back)

[@vimalcurio]

@@vvmm3712 lol

[@poolypuff5552]

30:00