I think there is this very nice, if at times dangerous, untethered optimism that exists in Silicon Valley.
The values we developed were instrumental in gaining a competitive advantage.
Stripe is building payment infrastructure for the Web, so we make it easy to accept credit cards online. Before Stripe, the way you'd do this is using the legacy banking structure. It was slow, it was complex, it was expensive. It had this very chilling effect on e-commerce.
Our initial idea with Stripe was that for people like us - those building apps and websites - it was incredibly difficult to take payments. So with an open mind, and maybe a useful lack of knowledge about the industry, we started building a payment product.
With PayPal, you have to send people over to their website... whereas with Stripe, we offer a way to integrate payments into the website, on the website or into a mobile app. That is what all the best businesses care about, so we make it very easy, very fast, very simple and very cheap to do this.
With Stripe, people who previously operated online or offline in a very limited capacity now have all the tools to work like a real online business. That's a very valuable thing.
When a country doesn't have a good economic infrastructure, that harms the country. With Stripe, the idea is that by providing better infrastructure, by linking the Internet economically, by making it easier for these online businesses to exist, it'll make the web better.
Advertising obviously helps with awareness, but if you look at some of the most successful companies, they're actually not generally ad-driven when it comes to customer adoption.
Auctomatic was a compressed start-up experience, going from start to launch to acquisition in under a year. We spent a long time building the product before getting our first customer, whereas with Stripe we made sure we had paying customers from the very start.
I think the challenge for all technology companies is to modify what they're doing to be what the market needs at that point.
You're used to seeing values listed on waiting-room walls. Communication, integrity, excellence, and respect. Those were actually Enron's values.
I think a lot of people learn to code messing around with things while in secondary school. And for me, it started up as a hobby and a plaything, and I just became more curious over time.
One of the really fascinating areas is marketplaces that take advantage of mobile devices. Ridesharing is the obvious example, but that's just the start of it, of selling goods and services with lightweight mobile apps.
We hired extremely slowly at the beginning. It took us a year to get to four people. It's hard to hire as a very small company, and we wanted to make sure we found people who cared a lot about what Stripe was doing.
People tend to pay too little attention to history - the history of Silicon Valley and American business - and think they're the first people to come across a problem.