What is Stripe? How 2 brothers built it into a $100B company

Watch the story of Stripe, the company that revolutionized online payments and turned their startup into a $95 billion online payments giant. In the video, we will tell you how they started, how big they are now, and how they did it.
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Stripe was founded in 2010 by John and Patrick Collison, aged 19 and 21, at the time. Hailing from Dromineer, a small town on the shores of Lough Derg in County Tipperary, Ireland, both the brothers were academically gifted and showed a special interest in math and physics from a very young age.
While studying at Harvard and MIT in 2009 and continuing to develop apps, the idea for Stripe was born out of their own experiences with running an internet business, where, according to John, “the hardest part was finding ways of accepting customers money.” Having stumbled upon a problem that no one else seemed to have solved, they soon realized this wasn’t for lack of trying. It was just because developing this kind of secure and reliable payment system was a tough job.
All the online payment methods that existed back then included several steps, required many fees, and took weeks to set up - which isn’t something that the Collison brothers wanted to do. They took a leap of faith and wrote seven simple lines of code that businesses could plug into websites and apps to instantly connect with a credit card and banking systems and receive payments, streamlining the process considerably.
So how did these 7 lines of code help transform Stripe into a $95 billion startup? Watch our video to find out.
00:00 Intro
00:20 When was Stripe founded?
01:06 How was the idea for Stripe formed?
02:00 When did the Collison brothers start working on Stripe?
02:22 What made Stripe stand out?
02:55 Who did the Collisons approach for investment in Stripe?
03:30 Who were early investors in Stripe?
04:08 What is Stripe’s valuation?
04:39 All-in-one marketing platform
05:01 What is Stripe’s business model?
05:13 Who are some of Stripe’s biggest customers?
05:44 Who are Stripe’s competitors?
06:02 How is Stripe planning on expanding beyond the US?
06:51 Where is Stripe available?
07:23 Is Stripe going public?
07:39 How big is Stripe?
Watch this video again: • What is Stripe? How 2 ...
#Stripe #OnlinePayments #Startups #business

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