Patrick Collison Biography
Patrick Collison is a billionaire entrepreneur from Ireland. He is the co-founder and CEO of Stripe, which he founded in 2010 with his younger brother, John. At the age of sixteen, he won the 41st Young Scientist and Technology Exhibition in 2005.
How old is Patrick Collison? – Age
He is 34 years old as of 9 September 2022. He was born in 1988 in Dromineer, Ireland.
Patrick Collison Family – Education
Patrick was born in the little village of Dromineer in County Tipperary parents microbiologist Lily and electronic engineer Denis Collison. He began learning computer programming at the age of ten, after taking his first computer course at the University of Limerick when he was eight years old. Collison received his primary and secondary education at Gaelscoil Aonach Urmhumhan in Nenagh before attending Castletroy College in Castletroy, County Limerick.
Patrick Collison Wife
Collison married Swiss-American biologist Silvana Konermann, with whom he co-founded the Arc Institute, in April 2022. Collison met Konnermann at the 2004 European Union Young Scientist competition.
Patrick Collison Net Worth
He has an estimated net worth of $5.5 billion.
Patrick Collison Stripe
Patrick co-founded Stripe in 2010, which received a $2 million investment in 2011 from PayPal co-founders Elon Musk and Peter Thiel, as well as venture capital firms Sequoia Capital, Andreessen Horowitz, and SV Angel. In November 2016, the Collison brothers became the world’s youngest self-made billionaires, worth at least $1.1 billion, following a $9.2 billion investment in Stripe by CapitalG and General Catalyst Partners.
After Stripe received $150 million from CapitalG, an investment part of Google parent firm Alphabet, and General Catalyst Partners in 2017, the brothers were valued at least $3.2 billion each. Stripe gave $1 million to California YIMBY, a pro-housing development advocacy organization, in 2018, under the guidance of the Collison brothers.
Stripe reported in September 2019 that it had raised an additional $250 million at a valuation of $35 billion. The brothers own a controlling stake in Stripe and will be able to keep control if the firm goes public.
Patrick Collison Auctomatic
He attended the Massachusetts Institute of Technology before dropping university in 2009 to launch his own company. In 2007, he co-founded the Limerick-based software firm ‘Shuppa’ (a pun on the Irish term siopa, which means’shop’) with his brother John Collison. After Enterprise Ireland declined to support the company, they relocated to California after Y Combinator expressed interest, where they joined with two Oxford grads, Harjeet and Kulveer Taggar, and the company became Auctomatic.
Collison, then nineteen, and his brother, then seventeen, sold Auctomatic to Canadian company Live Current Media on Good Friday, March 8, 2008, earning millionaires. He was named director of engineering at the company’s new Vancouver headquarters in May 2008.Collison attributes his company’s success to his victory in the Young Scientist and Technology Exhibition.
Patrick Collison Young Scientist
Collison competed as an individual runner-up in the 40th Young Scientist and Technology Exhibition with his project on artificial intelligence (nicknamed ‘Isaac’ after Isaac Newton, whom Patrick loved). He re-entered the following year and earned first place on January 14, 2005, at the age of sixteen. Croma, a LISP-like computer language, was the focus of his effort.
President Mary McAleese awarded him with a €3,000 money and a Waterford Crystal trophy. In 2010, his younger brother Tommy took part in the Young Scientist and Technology Exhibition with his blogging project.