Uploaded May 2026 | Updated September 2026, 2 weeks ago
Stripe now processes more than 25% of all new Delaware incorporations. And according to CEO Patrick Collison, new business creation on their platform is up almost 2x year over year.
In this conversation, Amjad and Patrick dig into what's actually happening: why entrepreneurship is accelerating faster than anyone expected, why the average quality of new companies is going up (not down), and how AI is making it possible to build real businesses in places and industries that Silicon Valley has never thought about.
They also get into why the "AI labs will eat everything" argument is wrong, what determines which software companies will actually be valuable, and what the global economy could look like if this keeps compounding.
0:00 The business creation spike that's bigger than COVID
3:14 Are vibe-coded businesses actually legit?
4:31 Time to revenue milestones cut in half
4:58 Silicon Valley vs everywhere else
7:01 The ice skating rink founder
8:11 Real Replit founders: Magic School and MedVi
10:19 What role does Replit play in the entrepreneurial ecosystem?
13:56 Why your org and your code are becoming the same thing
15:04 The billion-dollar two-person company
16:39 What humans will actually do in 10 years
20:38 Where to find opportunities: vertical SaaS and what's popular but low status
29:23 What actually makes a software company defensible?
Stripe now processes more than 25% of all new Delaware incorporations. And according to CEO Patrick Collison, new business creation on their platform is up almost 2x year over year.
In this conversation, Amjad and Patrick dig into what's actually happening: why entrepreneurship is accelerating faster than anyone expected, why the average quality of new companies is going up (not down), and how AI is making it possible to build real businesses in places and industries that Silicon Valley has never thought about.
They also get into why the "AI labs will eat everything" argument is wrong, what determines which software companies will actually be valuable, and what the global economy could look like if this keeps compounding.
0:00 The business creation spike that's bigger than COVID
3:14 Are vibe-coded businesses actually legit?
4:31 Time to revenue milestones cut in half
4:58 Silicon Valley vs everywhere else
7:01 The ice skating rink founder
8:11 Real Replit founders: Magic School and MedVi
10:19 What role does Replit play in the entrepreneurial ecosystem?
13:56 Why your org and your code are becoming the same thing
15:04 The billion-dollar two-person company
16:39 What humans will actually do in 10 years
20:38 Where to find opportunities: vertical SaaS and what's popular but low status
29:23 What actually makes a software company defensible?
