Inside Stripe: Stablecoins, AI, and (not) Going Public | Will Gaybrick, President of Technology and Business at Stripe

Show notes

Will Gaybrick is the President of Technology and Business at Stripe. Stripe builds financial infrastructure for the internet, and if you’ve ever purchased a product online, you’ve probably used Stripe. We talk about what Stripe’s doing in crypto and stablecoins, how AI is changing commerce and payments, how they’re thinking about going public, how they build products internally, and interesting data they’re seeing around AI-native companies, like how they’re growing 3.5x faster than SaaS companies. Thank you to Claire Hughes Johnson, Josh Kushner, and Cosmin Nicolaescu for help brainstorming topics for the conversation. Thank you to Numeral and Amplitude for sponsoring this episode.Numeral: The end-to-end platform for sales tax and compliance. Try it here: https://www.numeral.com Amplitude: Listen to users at scale with AI https://www.amplitude.com/AI-Feedback Timestamps: 2:42 Will’s promotion 5:29 Build vs Buy in AI 6:39 Inside the Bridge acquisition 8:54 Stripe’s stablecoin strategy 11:20 Why building Stripe is so complicated 13:22 How Stripe builds new products 18:29 AI companies growing 3.5x faster than SaaS 22:58 New fraud vectors in AI businesses 25:19 Agentic commerce in ChatGPT 29:34 Building modular products 34:05 How Stripe uses AI internally 42:12 Building the first payments foundation model 48:23 Link, Stripe’s 200M user consumer product 56:52 Will Stripe ever IPO? 59:14 Blurring of private and public companies 1:03:39 Starting Hack Yale 1:08:23 Joining Thrive’s $5 million Fund 1 1:12:30 Low margin businesses are underrated 1:16:30 Joining Stripe as CFO 1:21:59 How Stripe’s go-to-market has evolved 1:25:56 Stripe’s margins 1:29:52 Why financial services are so hard to use 1:33:04 Lessons from Alan Mulally Referenced Stripe: https://stripe.com/ Careers at Stripe: https://stripe.com/jobs/search Follow Will Twitter: https://x.com/gaybrick LinkedIn: https://www.linkedin.com/in/william-gaybrick-5730347 Follow Turner Twitter: https://twitter.com/TurnerNovak LinkedIn: https://www.linkedin.com/in/turnernovak Subscribe to my newsletter to get every episode + the transcript in your inbox every week: https://www.thespl.it/

Guests

Will Gaybrick

President of Technology and Business

Stripe