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Public evidence record

Patrick Collison

CEO · Stripe

Claims
30
Episodes
3
Shows
2
Named items
0

Claim ledger

What Patrick said.

10 transcript-backed records

01 / belief

Stripe would be a less effective company without either of us. And I'm just meaning from a bandwidth standpoint, but I think we both bring different things to bear.

“Stripe would be a less effective company without either of us. And I'm just meaning from a bandwidth standpoint, but I think we both bring different things to bear.”
Publisher
Dwarkesh Podcast

02 / belief

As we think about these ad valorem fees and figures, the place where there's even more change at the moment that we find ourselves thinking more about is the changing structure of global tax.

“As we think about these ad valorem fees and figures, the place where there's even more change at the moment that we find ourselves thinking more about is the changing structure of global tax.”
Publisher
Dwarkesh Podcast

03 / belief

As I think about the funds flows on the internet and how all that's evolving and unfolding, I think changes in tax law are actually a much bigger deal than anything about the transactional economics.

“As I think about the funds flows on the internet and how all that's evolving and unfolding, I think changes in tax law are actually a much bigger deal than anything about the transactional economics.”
Publisher
Dwarkesh Podcast

04 / belief

There's still an awful lot of low-hanging fruit in just asking some of these incredibly basic questions. So, when we think about the way in which Stripe will continue to grow in the future, in some sense, it will obviously involve a lot of big businesses.

“There's still an awful lot of low-hanging fruit in just asking some of these incredibly basic questions. So, when we think about the way in which Stripe will continue to grow in the future, in some sense, it will obviously involve a lot of big businesses.”
Publisher
Dwarkesh Podcast

05 / belief

We would much prefer that Stripe plugged into every existing system, rail, domestic organization, rather than that we tried to come along and supplant them. And this has been Stripe's strategy very deliberately from the beginning, where there were lots of companies, when Stripe started out, that were trying to do their own thing and go their own way, whereas our belief was: you get these classic Metcalfe's law stuff — by enhancing the capabilities of an existing ecosystem, you create quite a bit more value.

“We would much prefer that Stripe plugged into every existing system, rail, domestic organization, rather than that we tried to come along and supplant them. And this has been Stripe's strategy very deliberately from the beginning, where there were lots of companies, when Stripe started out, that were trying to do their own thing and go their own way, whereas our belief was: you get these classic Metcalfe's law stuff — by enhancing the capabilities of an existing ecosystem, you create quite a bit more value.”
Publisher
Dwarkesh Podcast

06 / belief

None of this sounds like rocket science, but defining what it is, that we care about, and then building automated measuring systems to measure to what degree it's happening in practice, to then try to figure out the cases where we're not living up to that, and determine what is the reason, then to actually intervene and improve the system, so that that's not happening, then importantly, to build secondary controls, that detect instances of deviation long before they cause a production problem, but where we understand the behavior of the system in sufficient detail, so that we can instrument it in some upstream way — most of what I said there was well understood by production engineers in 1930s.

“None of this sounds like rocket science, but defining what it is, that we care about, and then building automated measuring systems to measure to what degree it's happening in practice, to then try to figure out the cases where we're not living up to that, and determine what is the reason, then to actually intervene and improve the system, so that that's not happening, then importantly, to build secondary controls, that detect instances of deviation long before they cause a production problem, but where we understand the behavior of the system in sufficient detail, so that we can instrument it in some upstream way — most of what I said there was well understood by production engineers in 1930s.”
Publisher
Dwarkesh Podcast

09 / belief

As we think about what the world is gonna look like in 50 years or 100 years, it, plausibly more than anything else, is going to determine the shape of that.

“As we think about what the world is gonna look like in 50 years or 100 years, it, plausibly more than anything else, is going to determine the shape of that.”
Publisher
Conversations with Tyler

10 / belief

I want to actually get back to the topic of weirdness a little bit later on, but quickly, before we shift focus from Silicon Valley, many in Silicon Valley are talking about the idea of universal basic income and what we do when the robots take all of our jobs. And I think you were initially a supporter of it, and then you changed your mind.

“I want to actually get back to the topic of weirdness a little bit later on, but quickly, before we shift focus from Silicon Valley, many in Silicon Valley are talking about the idea of universal basic income and what we do when the robots take all of our jobs. And I think you were initially a supporter of it, and then you changed your mind.”
Publisher
Conversations with Tyler
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