Print BusinessNewsLimerick brothers have no plans to cash in on billion euro firmBy Editor – January 24, 2014 735 WhatsApp Email Patrick and John Collison of StripeLimerick entrepreneurs Patrick and John CollisonLIMERICK brothers Patrick and John Collison have no plans to cash in on the success of their €1.3 billion company and will use a €60 million round of fresh investment raised this week to fund international expansion.From Castletroy and now based in California, the Collisons created Stripe, a low-cost way for small companies to accept online payments, in 2009 and have been steadily building the business since.Sign up for the weekly Limerick Post newsletter Sign Up John (23) and Patrick (25), a former winner of the Young Scientist competition, created an online auction payments company, Auctomatic, which was sold for almost €4 million while they were still in secondary school at Castletroy College.Their latest success story began when they saw how difficult it was for small companies to accept payments from customers online.“We found it really hard in our previous business to accept payment over the internet. It felt like many other people would be having the same problem, so we set about solving it”, explained John.“We started working on Stripe almost two years before it launched publicly. There was a long period where we were writing code to support a small handful of users, and navigating a relatively unfamiliar industry.“We wrote the first lines of code in October 2009. Three months later, we got our first customer. We stayed going, writing code, starting to hire people and trying to find new customers. By the time we launched publicly in September 2011, we had ten people on the team.”Stripe now employs 83 people at its headquarters in San Francisco and the company has become a recognisable name in global ecommerce, with backers such as Paypal founder Peter Thiel and entrepreneur Elon Musk numbered among its investors.Social media giant Twitter is reportedly in discussions with the company over a deal that would allow Twitter enable companies to accept payments on the social media platform.However, Chief executive, Patrick Collison says that they won’t be in a rush to take advantage of the company’s latest valuation.“We’ve no interest in selling the company. John and I are very lucky to work with the people we do on building something for the long term, and we wouldn’t like to change that,” he said.This is also the view of his younger brother who said they were focused on opening international offices and delivering on Stripe’s goal of building an easier way of paying for goods and services online.“It’s still early days for the payment systems that power the internet. It’s outrageously difficult and expensive to move money between countries.“Fraud and storing credentials still cause merchants hassle. So online payments is a great place to go hunting for problems worth solving”, said John. First Irish death from Coronavirus Encourage Wildlife in Castletroy Park Elegant property in Monaleen #LimerickPostProperty Twitter Previous articleNo room at the Mansion House for Limerick manNext article40 jobs from Limerick environmenal firm expansion Editor Shannondoc operating but only by appointment TAGSAutomaticCastletroyElon MuskfeaturedJohn CollisonMusic LimerickPatrick CollisonPeter TheilStripeTwitter Linkedin Advertisement RELATED ARTICLESMORE FROM AUTHOR Facebook Walk in Covid testing available in Limerick from Saturday 10th April No vaccines in Limerick yet
News RELATED ARTICLESMORE FROM AUTHOR Facebook WhatsApp Facebook Google+ Twitter Twitter Homeowners who haven’t paid the 100-euro household charge are to get letters next week, warning that they’ll face penalties if they don’t pay up.The Environment Minister has told the Dail that 960-thousand out of 1.6-million homeowners have so far registered for the tax.That represents a complience rate of 60 per cent.However Phil Hogan says local services will have to be cut – unless the rest of the homeowners pay what they owe….[podcast]http://www.highlandradio.com/wp-content/uploads/2012/06/hog830.mp3[/podcast] WhatsApp Pinterest Calls for maternity restrictions to be lifted at LUH Guidelines for reopening of hospitality sector published Previous articleCEO of Ulster Bank cannot confirm when ‘technical glitch’ will be fixedNext articleSea Sessions festival gets underway in Bundoran today News Highland Google+ Local services will be cut if Household Charge is not paid – Hogan Pinterest By News Highland – June 29, 2012 LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton Almost 10,000 appointments cancelled in Saolta Hospital Group this week Business Matters Ep 45 – Boyd Robinson, Annette Houston & Michael Margey Need for issues with Mica redress scheme to be addressed raised in Seanad also
* Do you attend church regularly?YesNo Quick Link to Postinghttps://jobs.calbaptist.edu/postings/6086 Teaching Responsibilities If no, please explain (required):(Open Ended Question)* Are you both familiar with and not in conflict with thefundamental doctrines and practices of the California SouthernBaptist Convention as stated in the Baptist Faith and Message datedJune 14, 2000? (Please see above link for more information)Yes (I am familiar and not in conflict)No (I am in conflict or not familiar) State and Federal law permit California Baptist University todiscriminate on the basis of religion in order to fulfill itspurpose. The University does not discriminate contrary to eitherState or Federal law. Qualified applicants must have a graduate degree in kinesiology ora closely related discipline. Candidates must embrace the missionof California Baptist University, and evidence a clearunderstanding of, and commitment to, excellence in teaching throughthe integration of Christian faith and kinesiology relatedcontent. Position TitleKinesiology – Adjunct Faculty Teaching responsibilities in the undergraduate and graduateprograms of Kinesiology. Specific course assignments will bedependent upon applicant qualifications and availability. Position Summary Posting Details * Are you a Christian?YesNo The College of Health Science ( CHS ) at California BaptistUniversity invites applications for adjunct faculty positions inthe Department of Kinesiology. Review of applications is conductedin an ongoing manner according to need. Nondiscrimination Statement Qualifications Supplemental QuestionsRequired fields are indicated with an asterisk (*). Applicant DocumentsRequired DocumentsChristian Experience EssayOptional DocumentsResumeCover LetterCurriculum VitaeLetter of Reference 1
Those who are ready to take their “famous” barbecue sauce recipes or farm stand cheeses to the next level should make plans to attend the next Farm to Fork workshop, May 22-23 at the University of Georgia Campus in Griffin. The workshop, hosted by the UGA College of Agricultural and Environmental Sciences Center for Agribusiness and Economic Development and the Georgia Center of Innovation for Agribusiness, will be a crash course in the basics of starting and growing a food business in Georgia. “Sometimes attendees are people who just have an idea kicking around in their head and need some information about what it would take to bring to market in terms of regulation, marketing and production,” said Tommie Shepherd, an agricultural economist with the CAED. The workshop will also include sessions designed to help existing food business owners invigorate their marketing plans, improve packaging and find that precious space on supermarket shelves. “Anybody with just an idea for a product or those who have a product line that they would like to expand will benefit from this workshop,” said Sharon P. Kane, a CAED food development economist. Registration is $139 registration, but a limited number of $100 scholarship are available. For more information about the workshop’s schedule and the presenters visit www.areg.caes.uga.edu or call the CAES conference office at (706) 542-0808.