Stripe’s first funding could not come from

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At the beginning of his freshman year (2007), Patrick and John founded Auctomatic, an auction management system for marketplaces like Amazon and eBay. Auctomatic joined the winter batch of Y Combinator, a seed money startup accelerator. Some months later, the company would be acquired by Live Current Media for $5 mi — and Patrick became its Head of Product Engineering — at 19 years old. At that time, John was entering Harvard.


The next year, John dropped out of Harvard and the two brothers austria whatsapp number database started Stripe.any other place than Y Combinator — actually by its founder, Paul Graham, who previously knew Patrick. A little long later, the brothers met Peter Thiel and Elon Musk, founders of PayPal. The result was an investment of $2 million and great insights and orientation, according to Patrick.


Stripe was finally launched in September 2011 and, five months later, raised another round of funding — $18 mi from Sequoia Capital, with participation from Affirm and PayPal. In the following years, Stripe would expand its operation and product line, and its first clients included names like Lyft and Wish. In 2020, the coronavirus pandemic forced traditional companies to adapt to online sales, boosting Stripe’s path, which increased its valuation from $20 bi in 2019 to $95 bi the next year.