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Patrick Collison Wiki, Biography, Net Worth, Books, Advice

Patrick Collison is an Irish entrepreneur from County Tipperary. Patrick Collison is the cofounder and CEO of Stripe, a company that lets businesses and individuals accept payments over the internet.

Patrick Collison lives in San Francisco and work at Stripe. I grew up in Ireland and previously studied math at MIT. He is currently on the boards of Stripe and the Long Now Foundation. (The long-term is underrated!)

He won the 41st Young Scientist and Technology Exhibition in 2005 at the age of sixteen. Collison currently lives in San Francisco, California.

Email: patrick@collison.ie.

Elsewhere

pc on GitHub; patrickc on Twitter; patrickcollison on Pocket.

Born: September 9, 1988 (age 31 years), Dromineer, Ireland

Net worth: 2.1 billion USD (2019)

Award: Young Scientist and Technology Exhibition

Education: Castletroy College, Massachusetts Institute of Technology

Siblings: John Collison, Tommy Collison

Did you know: Patrick Collison is the ninth-richest Irish people by net worth (1.9 billion USD).

Marital Status: Single

Early life

Patrick Collison was born to Lily and Denis Collison in 1988 in Moyross, County Limerick.

The eldest of three children (two younger brothers, John and Tommy), he took his first computer course when he was eight years old at the University of Limerick and began learning computer programming at the age of ten.

Collison was educated in Gaelscoil Aonach Urmhumhan, Nenagh, before attending Castletroy College in Castletroy, County Limerick.

Career

Young Scientist

Collison participated the 40th Young Scientist and Technology Exhibition with his project on artificial intelligence (nicknamed 'Isaac' after Isaac Newton, whom Patrick admired). He re-entered the following year, and won first place at the age of sixteen on 14 January 2005. His project involved the creation of Croma, a LISP-type programming language.

His prize of a €3,000 cheque and a trophy of Waterford Crystal was presented to him by President Mary McAleese.

His younger brother Tommy participated with his project on blogging in the Young Scientist and Technology Exhibition in 2010.

Auctomatic

After attending Massachusetts Institute of Technology for a time, Collison dropped out. In 2007, he set up software company 'Shuppa' (a play on the Irish word 'siopa', meaning 'shop') in Limerick with his brother John Collison. Enterprise Ireland did not allocate funding to the company, prompting a move to California after Silicon Valley's Y Combinator showed interest, where they merged with two Oxford graduates, Harjeet and Kulveer Taggar, and the company became Auctomatic.

More Achievements:

  1. Both Collison and his younger brother John were featured on a young Irish persons rich list aired on an RTE television show during the 2008 Christmas period.
  2. On 18 July 2009, at the age of 20 and following the publication of McCarthy Report, Collison outlined his ideas for the future of Ireland on popular talk-show Saturday Night with Miriam.
  3. In 2010, Patrick co-founded Stripe, which received backing from Peter Thiel, Elon Musk and Sequoia Capital.
  4. In November 2016, the Collison brothers became the world's youngest self-made billionaires, worth at least $1.1 billion, after an investment in Stripe from CapitalG and General Catalyst Partners valued the company at $9.2 billion.
  5. Collison is a voracious reader and interested in a broad range of subjects on history, technology, engineering, fiction, philosophy, and art. He publishes the list of books he read on his website. He also started his publishing house Stripe Press which among other books published Tyler Cowen's Stubborn Attachments.

Advice: Imp* Advice If you're 10-20 yrs old.

Every now and again, someone emails me and asks for very general advice. ("How do I change the world?") With the caveat that I've only lived a fraction of one life, and am still trying to figure things out, here's the advice I'd give past me.

If you're 10–20: These are prime years!

  • Go deep on things. Become an expert.
  • In particular, try to go deep on multiple things. (To varying degrees, I tried to go deep on languages, programming, writing, physics, math. Some of those stuck more than others.) One of the main things you should try to achieve by age 20 is some sense for which kinds of things you enjoy doing. This probably won't change a lot throughout your life and so you should try to discover the shape of that space as quickly as you can.
  • Don't stress out too much about how valuable the things you're going deep on are... but don't ignore it either. It should be a factor you weigh but not by itself dis-positive.
  • To the extent that you enjoy working hard, do. Subject to that constraint, it's not clear that the returns to effort ever diminish substantially. If you're lucky enough to enjoy it a lot, be grateful and take full advantage!
  • Make friends over the internet with people who are great at things you're interested in. The internet is one of the biggest advantages you have over prior generations. Leverage it.
  • Aim to read a lot.
  • If you think something is important but people older than you don't hold it in high regard, there's a reasonable chance that you're right and they're wrong. Status lags by a generation or more.
  • Above all else, don't make the mistake of judging your success based on your current peer group. By all means make friends but being weird as a teenager is generally good.
  • But having good social skills confers life-long benefits. So, don't write them off. Get good at making a good first impression, being funny (if possible... this author still working on it...), speaking publicly.
  • Make things. Operating in a space with a lot of uncertainty is a very different experience to learning something.
  • More broadly, nobody is going to teach you to think for yourself. A large fraction of what people around you believe is mistaken. Internalize this and practice coming up with your own worldview. The correlation between it and those around you shouldn't be too strong unless you think you were especially lucky in your initial conditions.
  • If you're in the US and go to a good school, there are a lot of forces that will push you towards following train-tracks laid by others rather than charting a course yourself. Make sure that the things you're pursuing are weird things that you want to pursue, not whatever the standard path is. Heuristic: do your friends at school think your path is a bit strange? If not, maybe it's too normal.
  • Figure out a way to travel to San Francisco and to meet other people who've moved there to pursue their dreams. Why San Francisco? San Francisco is the Schelling point for high-openness, smart, energetic, optimistic people. Global Weird HQ. Take advantage of opportunities to travel to other places too, of course.
  • Find vivid examples of success in the domains you care about. If you want to become a great scientist, try to find ways to spend time with good (or, ideally, great) scientists in person. Watch YouTube videos of interviews. Follow some on Twitter.
  • People who did great things often did so at very surprisingly young ages. (They were grayhaired when they became famous... not when they did the work.) So, hurry up! You can do great things.

Interviews

A few interviews from the past few years. They're mostly about Stripe but other topics make their way in too:

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