Auctomatic was a compressed start-up experience, going from start to launch to acquisition in under a year. We … - John Collison

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In this selfish world, the one that never deserts him, the one that never proves ungrateful or treacherous, is his dog.

John Collison

Auctomatic was a compressed start-up experience, going from start to launch to acquisition in under a year. We spent a long time building the product before getting our first customer, whereas with Stripe we made sure we had paying customers from the very start.

Customers, Long, Paying, Spent, Stripes, Years

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Stripe is building payment infrastructure for the Web, so we make it easy to accept credit cards online. Before Stripe, the way youd do this is using the legacy banking structure. It was slow, it was complex, it was expensive. It had this very chilling effect on e-commerce.

Infrastructure, Legacy, Stripes, Structure, Way

Help each user personally. Sure that won't scale to a very large size, but when a startup is just starting out, it really helps you have an advantage as a small and nimble company.

Company, Help, Large, Nimble, Size, Starting Out

Our idea with starting Stripe was to build better payments technology for people building things on the web.

Ideas, People, Starting, Technology, Things

In the desktop world, you could build a successful business where a consumer only came back to you once or maybe twice a year. I don't think you can build that kind of business on mobile. You need higher frequency, or otherwise you fall off the home screen and the user never comes back.

Came, Fall, Higher, Home, Successful, World

Coming from Ireland, its quite hard to do a startup because youre culturally so far away from what everyone else is doing. In the Bay Area, its much easier. Its the equivalent of an actor or actress moving to Hollywood.

Moving, Hollywood, Bay Area, Startup, Hard, Everyone