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patrickc's profile
Patrick Collison
Patrick Collison
Patrick Collison
Verified account
@patrickc

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Patrick CollisonVerified account

@patrickc

Fallibilist, optimist. Stripe CEO.

patrick@stripe.com
patrickcollison.com
Joined April 2007

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    Patrick Collison‏Verified account @patrickc Feb 21
    • Report Tweet
    • Report NetzDG Violation

    Patrick Collison Retweeted Patrick Collison

    We just launched a major new version of this optimization engine. We expect it will generate an incremental $2.5B of revenue for Stripe businesses *this year*.https://twitter.com/patrickc/status/1188890271854915586 …

    Patrick Collison added,

    Patrick CollisonVerified account @patrickc
    We've been building an ML engine to automatically optimize the bitfields of card network requests. (Stripe-wide N is now large enough to yield statistical significance even in unusual cases.) It will soon have generated an incremental $1 billion of revenue for @stripe businesses.
    Show this thread
    4:04 PM - 21 Feb 2020
    • 94 Retweets
    • 1,321 Likes
    • LifeOfTeddyWest Global Watch mario Sam Jacobson Dominic Tabu Billy Fitzgerald ankitkr0🦸‍♂️ Sal Stabler heal the world 🌎
    18 replies 94 retweets 1,321 likes
      1. James Murphy‏ @jamestmurphy_ Feb 21
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        Replying to @patrickc

        Would be nice if y’all were public so us little guys could support and participate!

        0 replies 0 retweets 20 likes
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      1. Alex Hutnik‏ @alexhutnik Feb 21
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        Replying to @patrickc

        Using ISO 8583 messages by chance? Where can I read more about it?

        0 replies 0 retweets 3 likes
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      1. New conversation
      2. David Schatsky‏Verified account @dschatsky Feb 21
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        Replying to @patrickc

        Could you please give a twitter-short explanation of this? How?

        2 replies 0 retweets 2 likes
      3. Rob Leathern‏Verified account @robleathern Feb 21
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        Replying to @dschatsky @patrickc

        Awesomeness!

        0 replies 0 retweets 1 like
      4. End of conversation
      1. New conversation
      2. Marty Greenberg‏ @martygberg Feb 21
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        Replying to @patrickc

        Assuming this is gross revenue, of which Stripe gets ~1%?

        1 reply 0 retweets 0 likes
      3. Jonathan M  🥑‏ @SuperPACman_ Feb 21
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        Replying to @martygberg @patrickc

        It's closer to 0.2% imo. Most of the money goes to the issuing bank but depends on type of transaction.

        0 replies 0 retweets 3 likes
      4. End of conversation
      1. Marc McCole‏ @thisboy Feb 21
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        Replying to @patrickc

        That’s Mike Bloomberg cash. Cute with a capital B.

        0 replies 0 retweets 1 like
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      1. CEOs Congratulating Themseoves  👌 👌 👌‏ @ceobrags Feb 21
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        Replying to @patrickc

        👌👌👌

        0 replies 0 retweets 1 like
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      1. Daniel Orlando‏ @Danorlandop Feb 21
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        Replying to @patrickc

        🤯

        0 replies 0 retweets 0 likes
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      1. vᴧso‏ @_vaso Feb 21
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        Replying to @patrickc

        inc is the word! (map inc transactions)

        0 replies 0 retweets 0 likes
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