Startup Lessons: How Stripe Created A $35 Billion Giant

John Collison, president and co-founder of Stripe Inc., speaks during a fireside chat at the GeekWire Summit in Seattle, Washington, U.S., on Wednesday, Oct. 11, 2017. The event brings together entrepreneurs, executives and tech leaders to exploreThis week Stripe—a top fintech payments company—raised $250 million at a valuation of about $35 billion. This was up about 50% since its prior round of funding earlier in the year.

So John and Patrick initially joined Y Combinator to incubate the business and they would then go on to get $2 million in funding from Peter Thiel, Sequoia Capital, and Andreessen Horowitz in 2011. . “It sold to developers. That is, Stripe offered an alternative to PayPal and Authorize that was so much easier to implement that developers around the world were naturally inclined to use it.”

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