202 Annual Letter to Stripe Users

In 2005, sixteen-year-old Patrick Collison (Patrick is the cofounder of Stripe) did what many high school nerds do and participated in the Young Scientist Of The Year competition. As a young teen, he leveraged it to build his app "Isaac" (his entry to the competition). Isaac is what we would call today a chatbot….in 2005, chatbots weren't a thing….... See more

Those first few weeks, they made no real money, but then they had only a few people and Sam’s bonus money. By the end of December, they’d hired a bunch of people and raised $25 million in capital. Gary, basically all by himself, had written the code for an entire quantitative system. That month they generated several million dollars in profits. In

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