John Collison: evaluation

Transcript context

…It's unbelievable. That to me is super exciting. I think that that unlocks a whole new way of thinking about Specs and our operating system, Lens Studio, et cetera. Move my king to... Okay. The world's most successful creator platforms are becoming more and more like global financial networks. They move money from millions of fans to millions of individual creators. But traditional payment rails weren't built to support this constant flow of funds across borders. With Stripe, platforms can send USD stablecoin payouts across borders instantly and at much lower cost. It means a creator on one side of the world can get paid just as quickly and seamlessly as the streamer next door. If you need to pay out a global base of creators or sellers, Stripe is here to help with stablecoin payouts. I want to talk about your core business a bit. Who do you compete with? Is it you narrowly compete with other mobile-first social apps, or is it you're competing with other entertainment forms? Like Netflix is actually a competitor because it's also a thing that you could do with your time. I'm just curious how you think about the set of competitors that you have. I think our competitors are primarily messaging services. I think that's... The core of the services messaging. When we launched Snapchat, it had no social features beyond messaging. That's always driven the growth of the service. I think then secondarily, the camera as well. If there's a moment happening in front of you, which camera do you choose to use? Do you capture with the Snap camera or your lock-screen camera? I think that's another thing that we think a lot about. I don't think people realize the scale of the number of selfies, for example. It was so funny. I think Apple announced last year they were like, "There's been 500 billion selfies captured on iPhone this year," or something like that. I'm like, I sent a message to our team. I was like, "That seems like so small." Like what? How weird is that? Sure enough, they came back, and they're like, "Oh, well, over a trillion selfies have been captured on Snapchat." I think when you... In over the same period, and—…

Stored transcript either side of the excerpt. The highlighted words are the published quote; the surrounding text is unedited source, never generated.