John Collison was born on August 06, 1990 in San Francisco, California, Ireland, is Cofounder, Stripe. John Collison is cofounder and president of Stripe, the company that lets businesses and individuals easily accept payments over the internet. His 550-person startup processes billions of dollars in transactions per year in 25 different countries. In November 2016 Stripe closed a $150 million funding round that valued the business at $9.2 billion. The transaction turned Collison into the world's youngest self-made billionaire. He and his brother Patrick hatched the idea for Stripe during a vacation to South Africa while John was still an undergrad studying physics at Harvard; the pair launched the company in 2010. Despite their young age, this isn't the brothers' first success. They previously founded Auctomatic, which helped manage transactions for sellers on sites like Amazon and eBay. They sold the business to Live Current Media for $5 million in 2008, becoming teenage millionaires. Collison was born and raised in the countryside near Limerick, Ireland, where his parents ran a lakeside hotel. He and Patrick took up coding as kids, competing against each other to master the craft.
John Collison is a member of Technology
💰John Collison Net worth: $5.5 Billion
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Biography/Timeline
2007
In 2007, Collison founded "Shuppa" with his older brother Patrick in Limerick, Ireland. The company later merged with Auctomatic, which was funded by Y Combinator, and Collison moved to Silicon Valley.
2008
Auctomatic was a software company that built tools for the eBay platform. The company was also funded by Chris Sacca. Auctomatic was acquired for $5 million in March 2008, when Collison was 17.
2009
In 2009, Collison (having returned to finish secondary school at Castletroy College) received 8 A1 and 2 A2 grades in the Irish Leaving Certificate examination. He continued to study at Harvard University, commencing his studies in September 2009. Collison is a pilot and a Pianist.
2010
In 2010, Collison co-founded Stripe, which received backing from Peter Thiel, Elon Musk, Max Levchin, and Sequoia Capital.
2016
In November 2016, the Collison brothers became the world's youngest self-made billionaires, worth at least $1.1 billion, after an investment in Stripe from CapitalG and General Catalyst valued the company at $9.2 billion.