November 26, 2012

The Next Big Thing in Silicon Valley

Matthew Wong, Inc. Magazine


Five years ago, John Collison co-founded his first company, Shuppa, an auction management system for online sellers, with his brother Patrick. The company rebranded as Auctomatic, went through Y Combinator, and was sold for $5 million a year later. Collison was 17. Today, Collison is president and co-founder of Stripe, a San Francisco start-up that makes it easier for small businesses to accept payments online. With 38 employees, Stripe is backed by $38 million from investors including PayPal co-founders Peter Thiel, Elon Musk, and Max Levchin. Collison spoke with Inc.'s Matthew Wong about his progression as a young immigrant entrepreneur.

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TAGGED: Stripe, Payments