LIFETIME ACHIEVEMENT AWARD
“The online payments industry was an unusually compelling example of an entire industry that is going to have its lunch eaten ”
There were early admirers , too , with PayPal co-founders Elon Musk and Peter Thiel investing $ 2mn in Stripe alongside investment firms SV Angel , Sequoia Capital , and Andreessen Horowitz in 2011 .
Rise of the Collison brothers The Collison brothers would only have to wait five years before becoming the world ’ s then-youngest self-made billionaires after investment from Capital G and General Catalyst Partners took the company ’ s valuation up to $ 9.2bn – taking their net worth to a respective $ 1.1bn in 2016 .
The investment didn ’ t stop there , with a further $ 150mn funding round raising the Collisons ’ worth to $ 3.2bn the following year . And , in 2019 , investments of $ 250mn saw Stripe ’ s valuation soar to $ 35bn .
Notwithstanding the unprecedented growth rate of the company , John said to the Irish Independent in 2020 : “ We ' re still quite early in Stripe ’ s journey . And when
JOH COLL
20 June 2023