How have start-ups and young entrepreneurs influenced or shaped your company?
PayPal originated as a start-up itself, and this entrepreneurial culture has only increased within the business over time. Acquiring innovative and technology first companies such as Braintree and Paydiant have influenced our ability to provide more seamless integrations of payment systems.
Why did you choose to get involved in the Varsity Pitch Competition?
We chose to get involved with the Varsity Pitch Competition to encourage creativity in student run start-ups and to promote our brand, showing we are an exceptionally innovative partner to universities across the UK. Education is a key area of growth for us, and we are excited to enable PayPal payments for all kinds of students wherever and whenever they are paying for something!
What are you looking for in an ideal application to the competition as part of the 'Creative and Design Category'?
We want to see something original and obviously creative. It does not have to be a new invention but we do want to see a new way of thinking, which improves either the quality or efficiency of the product and customer experience. We also want a business plan that is commercial and robust i.e. how is this product going to be marketed? Who is it going to be marketed to? And, as a company that enables commerce, we want to know what the plan is for selling the product either physically or online.
Which industries or trends do you expect to see featured in applications this year?
The exciting thing about the Creative and Design category is that it can encompass just about anything, from physical goods which PayPal can enable the entrepreneur to sell via an online store to apps enabling virtual design and other creative pursuits. Surprise us!