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The Journey of Stripe: The Entrepreneurial Story of a Top Payment Platform
According to Gate News bot, the global payment giant Stripe was founded by the Irish Collison brothers when they were in their twenties. The personalities of the two brothers are complementary, and their collaboration model is considered similar to the partnership between Buffett and Charlie Munger.
In terms of operational strategy, Stripe adopts a developer-focused customer strategy, particularly concentrating on the developer community of core startups in Silicon Valley. The company is renowned for its rigorous and concise products, documentation, and architecture, and it has not established a dedicated sales team.
Stripe adopts a Platform of Platforms model, indirectly serving merchants on e-commerce platforms like Shopify and Substack by providing services to these platforms. Under the long-term strategy upheld by the Collison brothers, Stripe achieved profitability for the first time in 2024. Currently, the company is valued at $100 billion, ranking third among private companies, only behind ByteDance and SpaceX.
Source: Ruby & Star