John Collison is an Irish billionaire entrepreneur. John co-founded Stripe with his brother, Patrick. The brothers are worth at least $3.2 billion each, after stripe which is based in San Franciso raised $150 million from CapitalG. CapitalG is an investment division of Google’s parent company Alphabet Inc., and General Catalyst Partners. The brothers hold a controlling interest in Stripe and will be able to retain control should the company go public.
John Collision Bio
John was born in Limerick, Ireland in 1990. He is 30 years old. His family eventually settled in Dromineer which is a small village. At an early age, John and his brother Patrick learned programming. He is also an avid hiker and runner. He frequently participates in company excursions and fun runs with his coworkers. Collison is a licensed pilot. He enjoys flying in his free time.
In 2007, while still in high school in Limerick, Ireland, they founded their first company, Shuppa. John was a very good student and earned the highest grades possible on his final high school exams. In 2009, John was admitted to Harvard to study physics and headed for college in the United States. But by the next year, Collison had changed his tune—he fell out and headed with Patrick to Silicon Valley to start what would become Stripe. Shuppa later merged with Automatic, another company of the Collison brothers, and John left Harvard to move to Silicon Valley.
|Full name||John Collision|
|Date of birth||1990|
|Age||30 years old|
|Birth place||Limerick, Ireland|
|Residing town||San Francisco, California|
|Net Worth||$3.2 Billion|
John Collision Career
Collison had already become a millionaire before he entered college with his older brother, Patrick. They started a software company that made it easier for sellers to manage eBay transactions. That company was sold for $5 million by the Collison brothers while they were still teenagers. At first, every day, the brothers rode their bikes to their Palo Alto office, partly because they were too cheap to buy a car. The goal of the company was to simplify the way companies accept online transactions by enabling them to integrate payment processing into their websites instead of forcing users to register and create an account at all times.
To solve an issue among app developers, Stripe was created. The Internet and smartphones made it easy to build and launch products that had a global reach, but it was still incredibly complicated to get paid for those products. Therefore, the Collisons created a system that allowed individuals to accept payments instantly. Stripe was launched in 2011 and it quickly caught on. Stripe’s early investors include Elon Musk, Peter Thiel, and Max Levchin, all of whom had roles in establishing PayPal, as well as Sequoia Capital. The Collison brothers did everything in the early days; they wrote the code, handled problems with customer service, and went out to pitch their new service to potential customers.
Stripe was valued at $5 billion by 2015, and it spiked to a whopping $9.2 billion in November 2016. The assessment brought the fortune of Collison to $1.1 billion, making him the world’s youngest self-made billionaire at the age of 26. Today, the business has 750 employees and is running out of San Francisco. Huge businesses like Lyft and Facebook are their clients.
When they were studying at the Massachusetts Institute of Technology (MIT) and Harvard University in the US, Patrick and John Collison began working on the idea. To work on the idea, they both relocated to Palo Alto in Silicon Valley. Peter Thiel and Elon Musk, who co-founded PayPal and sold it to eBay for $1.5bn in 2002, are among the business giants investing in Stripe. Thiel was an early Facebook investor and sits on its board of directors. In Stripe, Andreessen Horowitz, a Californian venture capital firm with nearly $1 billion in funds, sees the potential, as does Sequoia Capital, one of Google’s early backers.
The brothers have found themselves impressing digital venture capitalists for the second time. Patrick (then 18) and his brother John (16) established Shuppa in 2007. The company subsequently merged with Auctomatic, which was funded by Y Combinator, a Silicon Valley investor. John was still in Limerick only for the transition year. To develop Auctomatic, a software firm that built tools for the eBay platform, Patrick moved to Silicon Valley. Running an online stores involves managing inventory, tracking sales, and managing communication with clients. The objective of Auctomatic is to automate these processes so that sellers can concentrate on the most important parts of their company.
Patrick was offered a place at MIT but deferred to work on his project with his studies. He worked with two others and, in March 2008, the Canadian firm, Live Current Media, acquired it for $5 million. At Live Current Media in Vancouver, Patrick became director of engineering and set up an iPhone Wikipedia app.
The brothers are also advocates of teaching programming in school as a subject, believing that “programming will be 21st-century maths.” The company now deals annually with tens of billions of dollars in internet transactions, making money by charging each of them a small fee. Stripe was valued at $20 billion last September (€17.5 billion) after the company raised $245 million (€213 million) in investments from Tiger Global Management, Sequoia, and DST Global.
To join its existing network of hubs, which includes Dublin, Seattle, and San Francisco, the company now plans to create a new engineering hub in Singapore. The brothers are estimated to be worth around $1bn each, a figure that has fallen due to currency fluctuations in euro terms. The brothers are now also supporting start-ups themselves. In 2017, Stripe put money into the UK banking app Monzo in the year 2017. While other investments have been in Intercom, Slack, and Exec, fellow fast-growing tech firms. Stripe also led an investment round of $8 m (& euro; 7 m) in a start-up company for Nigerian payments, Pay stack, last summer.
John Collision Social Media
John Collision is active in Twitter with account, John Collision with 97.3k followers( joined in April 2017).
John Collision Net Worth
The estimated net worth of John Collision is $3.2 Billion making him one of the youngest billionaire.