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Stripe origins and early company history

Founder backgrounds, pre-Stripe projects, the first prototype, and the people who formed Stripe's earliest team.

2012

1 events
  1. origins and early company

    Early employees broaden Stripe's engineering and operating bench

    Stripe continued to recruit unusually hands-on generalists after launch. Alex MacCaw joined after meeting John Collison through San Francisco's startup community, while Amber Feng joined as one of the company's first ten employees and went on to write much of the original Stripe Connect implementation.

    Team size six months after launch
    23 people · Patrick Collison's 2012 Startup Grind interview compared this with roughly eight people at launch.
    Alex MacCaw
    Former Twitter engineer and technical author; he later described meeting John at a housewarming party before joining Stripe.
    Amber Feng
    Joined as one of Stripe's first ten employees and became an early builder of Stripe Connect and financial infrastructure.

    Alex MacCawChartMogulForbesStartup Grind

2011

4 events
  1. origins and early company

    Stripe's first design cohort takes shape

    Ludwig Pettersson became Stripe's first designer as the company prepared and refined its public product. In November 2011 he contacted Belgian designer Benjamin De Cock, beginning a long-running collaboration that helped establish Stripe's visual and product-design language.

    Ludwig Pettersson
    Stripe's first designer and an early teammate of Patrick and John Collison.
    Benjamin De Cock
    Began contributing remotely after Ludwig contacted him in November 2011; the relationship eventually lasted eight years.

    Compound ManualSilicon Valley Business Journal

  2. origins and early company

    Stripe launches publicly

    After roughly a year spent rebuilding the infrastructure behind its prototype, Stripe opened its developer-focused payments product to the public. The launch team was about eight people, and Patrick Collison later said four or five had first encountered Stripe as users.

    Approximate launch team
    8 people
    User-to-employee hires
    4-5 people · Patrick Collison's recollection in a 2012 interview.

    TechCrunchStartup Grind

  3. origins and early company

    DevPayments becomes Stripe

    The company initially incorporated as SlashDevSlashFinance and called its product SlashDevSlashPayments at devpayments.com. With only about five customers, the founders adopted the short name Stripe and bought stripe.com for an amount Patrick Collison later recalled as between $10,000 and $20,000.

    amount
    $10,000-$20,000 for stripe.com
    Customers at rename
    About 5

    The Tim Ferriss Show

  4. origins and early company

    Product users become early engineers

    Several early contributors arrived through the product itself or the founders' technical network. Ross Boucher, Stripe's first production user, and Saikat Chakrabarti pushed the API toward a RESTful design; Anurag Goel joined as the fifth engineer and later led risk.

    Ross Boucher
    An engineer at 280 North whose application became Stripe's first production integration; he later joined the team.
    Saikat Chakrabarti
    A startup builder hired as Stripe's second engineer after meeting people involved with the young company.
    Anurag Goel
    Joined as Stripe's fifth engineer, helped launch the product, and later became Head of Risk.

    AirbrakeStoried San Franciscoalphalist.CTO PodcastStartup Grind

2010

2 events
  1. origins and early companyApproximate date, fall 2010reported

    The founders go full time and the first hires arrive

    John Collison took leave from Harvard in fall 2010 to work on Stripe full time, joining Patrick Collison after his return to the project that summer. Darragh Buckley, a family friend from Limerick, became Stripe's first employee, while Harvard student Greg Brockman joined as an engineer and built foundational backend systems.

    Darragh Buckley
    Stripe's first employee; he grew up in Limerick, his parents were friends with the Collisons, and he reconnected with them while studying in Boston.
    Greg Brockman
    A Harvard student planning to transfer to MIT; he joined in 2010 and worked on Stripe's servers, card vault, recruiting, and engineering culture.

    The Harvard CrimsonGreg BrockmanAlliance for Innovative RegulationWharton FinTech PodcastStartup Grind

  2. origins and early company

    A month in Buenos Aires produces Stripe's first working prototype

    Patrick and John Collison spent the winter break in Buenos Aires building the prototype in cafés. Within roughly a week they had a production user, Ross Boucher at 280 North, even though the founders were still completing parts of the payment flow manually behind the scenes.

    Time to first production user
    About 1 week

    Startup GrindTechCrunch

2009

2 events
  1. origins and early company

    YC Startup School prompts the decision to build payments infrastructure

    After attending Y Combinator's Startup School in Berkeley, Patrick and John Collison discussed the difficulty of accepting payments online. On the walk back from dinner, John argued that they should build a prototype themselves, turning Patrick's 'SliceHost for payments' idea into a concrete project.

    UC Berkeley Haas NewsStartup Grind

  2. origins and early companyreported

    John begins at Harvard as Patrick returns to MIT

    John Collison entered Harvard after completing Ireland's Leaving Certificate with top marks, while Patrick Collison returned to MIT after his post-acquisition period with Auctomatic in Vancouver. Their overlapping time in Cambridge set the stage for the payments project they began that academic year.

    Irish IndependentThe Irish TimesStartup Grind

2008

1 events
  1. origins and early companyreported

    Live Current Media acquires Auctomatic

    Live Current Media, then named Communicate.com, acquired Auctomatic about ten months after the company was formed. The reported consideration was $5 million in cash and stock, giving Patrick and John Collison an early exit before either had completed college.

    amount
    $5 million in cash and stock

    TechCrunchThe Irish Times

2007

2 events
  1. origins and early companyApproximate month; collaborator's surname is not established in the sourcereported

    Patrick and a future Stripe colleague build offline Wikipedia for the iPhone

    During the Auctomatic period, Patrick Collison and a collaborator identified only as Brian built an early toolchain for jailbroken iPhones and an offline Wikipedia application. Patrick later said the app reached hundreds of thousands of installations and that Brian subsequently worked at Stripe.

    Reported installations
    Hundreds of thousands

    Startup Grind

  2. origins and early company

    Shuppa merges with another YC team to form Auctomatic

    Patrick and John Collison entered Y Combinator with Shuppa, an idea for easier online selling. At Paul Graham's suggestion they combined forces with Harjeet and Kulveer Taggar, forming Auctomatic to build tools for high-volume eBay sellers.

    Startup GrindThe Irish Times

2006

1 events
  1. origins and early company

    Patrick starts at MIT as John uses transition year to build with him

    Patrick Collison began studying at MIT at 17. John Collison, then 16, used Ireland's transition year to align his schedule with Patrick's and work on internet-business ideas, creating the opening that led to their first startup together.

    Startup Grind

2005

2 events
  1. origins and early companyApproximate month based on the conference seasonreported

    Patrick makes his first US trip for a Lisp conference

    As a teenager, Patrick Collison traveled to Stanford for the International Lisp Conference after emailing the organizers to explain that he could not afford the trip. The visit connected his self-taught programming interests in rural Ireland with the wider software community.

    Startup Grind

  2. origins and early company

    Patrick wins Ireland's Young Scientist competition

    At 16, Patrick Collison won the Esat BT Young Scientist and Technology Exhibition with CROMA, a Lisp-like programming language he designed. The award is the clearest public milestone in his technical work before college and his first startups.

    RTÉ Archives