Patrick Collison (@patrickc) is chief executive officer and co-founder of Stripe, a technology company that builds economic infrastructure for the internet. After experiencing firsthand how difficult it was to set up an online business, Patrick and his brother John started Stripe in 2010. Their goal was to make accepting payments on the internet simpler and more inclusive. Today, Stripe powers millions of online businesses around the world. Prior to Stripe, Patrick co-founded Auctomatic, which was acquired by Live Current Media for $5 million in March 2008. In 2016, he was named a Presidential Ambassador for Global Entrepreneurship by President Obama. Originally from Limerick, Ireland, Patrick now lives in San Francisco where Stripe is headquartered. Also, as you can tell from seeing just a selected segment of his reading list shared in the show notes below, he’s one of the most well-read people I know. Please enjoy! Intro [00:00] What does Chris Sacca have to say about Patrick Collison? [06:03] Patrick's most recommended and most gifted books? [09:37] The Dream Machine by M. Mitchell Waldrop [13:53] On giving ideas time to fail [20:44] How to make it in a seemingly saturated market [28:50] Important early decisions [35:04] On overvaluing PR, marketing, and high praise and undervaluing good software [46:32] On worrying too much about the first name of your company [51:22] A professional, turned personal, hurdle [58:07] Patrick and John's supportive parents [1:08:27] Growing up as “free-range” children and the cultivation of curiosity [1:14:44] Wise advice about developing your own worldview [1:26:06] Patrick’s recommended people lists [1:34:37] Why are a lot of Ethiopians generally happy until they get television sets? [1:40:30] How to equalize happiness around the world [1:47:08] South Korea as example [1:53:28] Increasing the speed of your decision-making process [1:58:20] How your peer group can be helpful to your decision-making process [2:06:37] Sometimes, you have to make the wrong decision to get the right information [2:10:18] Books to help with course correction [2:12:05] Parting thoughts [2:16:41] SUBSCRIBE: http://bit.ly/1dSzTkW About Tim Ferriss: Tim Ferriss is one of Fast Company’s “Most Innovative Business People” and an early-stage tech investor/advisor in Uber, Facebook, Twitter, Shopify, Duolingo, Alibaba, and 50+ other companies. He is also the author of five #1 New York Times and Wall Street Journal bestsellers: The 4-Hour Workweek, The 4-Hour Body, The 4-Hour Chef, Tools of Titans and Tribe of Mentors. The Observer and other media have named him “the Oprah of audio” due to the influence of his podcast, The Tim Ferriss Show, which has exceeded 200 million downloads and been selected for “Best of iTunes” three years running. Connect with Tim Ferriss: Visit the Tim Ferriss PODCAST: https://bit.ly/2rYjUBr Visit the Tim Ferriss BLOG: http://bit.ly/17jDHw3 Like Tim Ferriss on FACEBOOK: http://on.fb.me/1avYUxq Follow Tim Ferriss on TWITTER: http://bit.ly/17d94TE Follow Tim Ferriss on INSTAGRAM: http://bit.ly/2IfH37J