The Collison brothers were born in Limerick in Republic of Ireland and moved around as kids before settling down in Dromineer, an idyllic village in central Ireland.
Their parents had scientific background . The father’s name is Denis an electrical engineering, while Mother’s name is Lily in Microbiology before they then decided to become Entrepreneurs.
Their Father established a 24-bedroom hotel on the shore of Lough Derg, while their Mother Lily managed a corporate training company from the family’s home.
“Entrepreneur is a long, fancy French word, but it didn’t seem like something you aspire to,” Patrick says. “It seemed normal, because whatever your parents do seems normal.”
The boys went to a school where the kids were less than 20 per grade.It was observed that when bored in class, Patrick read books.
“I would line up the angles so I was hidden from the teacher’s view,” he says, adding that he found out years later that an enlightened principal had instructed teachers to allow it.
Patrick spent his last year studying at home so he could take the required standardised tests early and graduate at 16.
The 16-year-old Patrick being named Young Scientist of the Year for developing software on Artificial Intelligence.
He successfully digested what’s normally a two-year test-taking process into a 20-day period in which he aced 30 exams and participated in a marathon to celebrate it .
Patrick Collison was born on the 9th September 1988 . He is the co-founder and CEO of a company he started with his younger brother, John in the year 2010.
He competed at the 40th Young Scientist and Technology Exhibition with his project on artificial intelligence nicknamed ‘Isaac’ after Isaac Newton ,whom he so much respected . He emerged as a as individual runner-up in the competition.
In January 14, 2005 , He competed again the following year, and won first place at the age .
His project involved the creation of Croma , a LISP-type programming language and won the prize money of €3,000 cheque which was presented to him by President Mary McAlease .
Patrick younger brother Tommy also participated with his project on blogging in the Young Scientist and Technology Exhibition in 2010.
In 2007, Collison founded “Shuppa” which originate from an Irish word ‘siopa’, meaning ‘shop’ in his hometown with his brother.
The brothers were however turn down by Enterprise Ireland for funding of the company,which later inform their decision to relocate to California after Silicon Valley’s Y Combinator showed interest in Investing .
The brothers later team up with two Oxford graduates namely, Harjeet and Culver Taggar and Schubba .
The company later merged with Automatic, which was funded by Y Combinator , and Collison moved to Silicon Valley.
Auctomatic was a software company that built tools for the eBay platform. The company was also funded by Chris Sacca.
He attended Massachusetts Institute of Technology for a time, before he dropped out.
On Good Friday of March , 2008 at age Nineteen and his younger brother being only seventeen sold Automatic to Canadian company Live Current Media, turning them to overnight millionaires.
Patrick became Director of Engineering for Live Current Media in 2008 , Vancouver .
Collison attributes the success of his company to his win in the Young Scientist and Technology Exhibition in 2005.
The Collison brothers were featured on a young Irish persons rich list which was broadcast on an RTÉ television show during the 2008 Christmas period.
On 18 July 2009, at the age of 20 and following the publication of McCarthy Report,
Collison discussed his ideas for the future of Ireland on popular talk-show Saturday Night with Miriam .
Auctomatic was acquired for $5 million in March 2008, when Collison was 17.
In 2009, Collison having returned to finish secondary school at Castletroy College received 8 A1 and 2 A2 grades in the Irish Leaving Certificate examination.
In 2010, Patrick co-founded Stripe , which received early funding from investors such as Peter Thiel ,Elon Musk and Sequoia Capital.
When asked how much of Stripe success he can traced to his smartness and intelligence and how much is to luck, He said:
“I think the question is less about, you know, how much can be attributed to my skill and intelligence and instead to the skill and intelligence of the hundreds of people who’ve gotten Stripe to where it is.
And I guess I would say that skill and intelligence and especially, most importantly, intense application and hard work — I think all those things are necessary.”