“Over the years, we’ve always been looking for ways to inculcate that.”Ĭollison, who founded Stripe with his brother John in 2010, says for tech entrepreneurs, that means having the ability to acknowledge flaws in strategy and be self-critical on product development, while recognizing the cyclical nature of business in Silicon Valley and beyond. “We want to be micro pessimists and macro optimists,” says Collison. Throughout the many expansions, pullbacks, and vacillations between capital abundance and capital restraint that all startups face, Stripe CEO and co-founder Patrick Collison says the company has held steady to its goal to continually push what is possible for new businesses around the world by adhering to a guiding principle.
In the dozen-plus years since Stripe has been around, the payments and financial services platform provider has been expanding online commerce by enabling entrepreneurs around the world.Īt the same time, the company has had a unique vantage into the numerous ways changing macroeconomic conditions impact businesses – from the smallest startups to the largest ecommerce corporations that Stripe works with as customers.Īlong the way, the company has likewise adapted its product development roadmap, go-to-market strategies, and various other operational tactics during both healthy and uncertain economic climates.
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