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Stripe's 22-Year-Old Irish-Born Founder Is Just Getting Started

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Re: Stripe's 22-Year-Old Irish-Born Founder Is Just Getting Started

#5
Patrick and his brother John are two of the smartest cookies on the planet that I know about. These guys will go very far, and I'll be cheering them on all the way. They are not only successful and smart, they're genuinely nice, and that's a pretty rare combination.

Re: Stripe's 22-Year-Old Irish-Born Founder Is Just Getting Started

#6
Loosely related with the article, do you need to give significant share to "locals" if you're starting a company in the US? For example, in Malaysia and Singapore (CMIIW), unless you put huge amount of money up front, foreigners are required to partner with locals and give >50% share to them. I.e. foreigners cannot have majority share if they start a "normal" company (not big).

Re: Stripe's 22-Year-Old Irish-Born Founder Is Just Getting Started

#7

Loosely related with the article, do you need to give significant share to "locals" if you're starting a company in the US? For example, in Malaysia and Singapore (CMIIW), unless you put huge amount of money up front, foreigners are required to partner with locals and give >50% share to them. I.e. foreigners cannot have majority share if they start a "normal" company (not big).

No, you don't. You can even incorporate as a sole proprietor without any locals having a stake at all. Ditto in Canada and most of Western Europe with some exceptions.

Re: Stripe's 22-Year-Old Irish-Born Founder Is Just Getting Started

#8
It's interesting to see people put their studies on hold to pursue something they loved.

I don't quite understand why they moved to San Francisco; the article didn't really make that clear.

I'd love to have a cup of coffee with either of them though. Great people!

Re: Stripe's 22-Year-Old Irish-Born Founder Is Just Getting Started

#9
post #2

Wow, this guy is amazing. Read his wikipedia page: http://en.wikipedia.org/wiki/John_Collison

He's also a pilot and pianist and he's only 22. I'm now asking myself where did my life going wrong?

He also got his company sold to eBay at the age of 17 for $5 million.

Our Dani Fong here has a similar story -- dropped out of Princeton at the age of 17... where she was doing her doctorate.

I think the parents of these two need to come out and explain to us what exactly their parenting methods are.

Re: Stripe's 22-Year-Old Irish-Born Founder Is Just Getting Started

#10
post #8

It's interesting to see people put their studies on hold to pursue something they loved. I don't quite understand why they moved to San Francisco; the article didn't really make that clear. I'd love to have a cup of coffee with either of them though. Great people!

Probably pressure from investors/YC/friends/etc and own desire. TBH, if you're starting a tech company and have the opportunity to move to the SF Bay Area (ie no family imperatives etc.), you'd be silly not to take it.
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