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Stripe – PayPal’s New Competitor

11:28 pm November 24, 2013 By Geeky Gadgets

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If you haven’t already heard, there’s a new name in the online and mobile payment game: Stripe. It was started by two brothers, John and Patrick Collison who have already started handling billions in transactions in just two years along with the help of three PayPal investors and Sequoia Capital investor extraordinaire Mike Moritz.

Moritz is famous for investing in tech icons like Google, Paypal and many others. He’s praised the Collison brothers for their ingenuity, stating “John and Patrick are two of the sharpest characters that we’ve ever partnered with.”

Stripe 2

Stripe

Both brothers are dropouts of prestigious colleges. Patrick, the older of the two, dropped out of MIT after few months. John set out for Harvard from Ireland intending not to follow in his brother’s footsteps, but never made it past his freshman year.

Why bother with college when you already have a business idea that’ll make you a millionaire and have the means to pull it off? The point of college is to better your chances at a high-paying, worthwhile career – despite what certain high-minded professors would try to have you believe. If you’ve already achieved that goal then there’s no need to waters hundreds of thousands in tuition.

Anyone have a brilliant idea for a company I can get in on?

Source – CNN

Filed Under: Concepts, Geeky Stuff

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