This article is a summary of a YouTube video "How Stripe Built A $35 Billion Company" by Business Casual
TLDR The Collison brothers' early exposure to business, their motivation to solve their own problems, and their ability to adapt and improve their services have led to the incredible growth and success of Stripe in the eCommerce industry.
Growing up in rural Ireland, the Collison brothers' early exposure to the world of business highlights the importance of early experiences in shaping entrepreneurial success.
The Collison brothers built and sold their first business, Auctomatic, for $5 million dollars in just 10 months, making them wealthy at a young age.
The founders of Stripe saw the need for a change in the complex and antiquated payment system for online businesses, which presented immense financial barriers for small startups.
Stripe's founders, the Collisons, were motivated to create the company to solve their own problems and help other startups focus on their products and services by removing the need to worry about the financial side of business.
Stripe's valuation skyrocketed from $1.7 billion to $35 billion in just a matter of years, showcasing their incredible growth and success in the eCommerce industry.
Stripe's end-to-end business formation service, Atlas, removes barriers for innovation by allowing anyone in the world to quickly and easily form a new company.
Stripe's success can be attributed to its ability to quickly adapt and improve its services based on what larger competitors are doing, allowing them to capture a significant market share.
EquityZen has provided opportunities for individual investors to access pre-IPO investments, unlocking opportunities that were once only available to venture capitalists.