Limerick brothers have no plans to cash in on billion euro…

first_imgPrint 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 center_img 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 last_img read more

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Ocean City Police Activity Report: Sept. 14 to 20

first_imgSeptember 20, 2014: Saturday Calls for service: 106Motor Vehicle Stops: 24Motor Vehicle Accidents: 0Property Checks: 28Alarms: 3The Police Department assisted with 3 fire and 9 EMS callsBurglary, 100 block Ocean Rd., at 8:01amBurglary, Morningside Rd., at 8:54pmBurglary, 800 block North St., at 9:15amCDS, 100 block Corinthian Ave., one in custody, at 10:26amTheft, 800 block North St., at 12:04pmTheft, 300 block Batteresea Rd., at 8:06pm PUBLIC SERVICE ANNOUNCEMENTS:Just a reminder that it is a violation of a City Ordinance to have dogs on the boardwalk anytime during the year.City Ordinance 87-17sec.4-32 prohibits any Boat/Trailer over 22 feet in overall length from being parked on a city street. Any boat/trailer less than 22 feet in overall length can only remain on a city street for three consecutive days. Officers will be issuing summons and towing boats/trailers for any observed violations. Ocean City Police Department September 18, 2014: ThursdayCalls for service: 69Motor Vehicle Stops: 19Motor Vehicle Accidents: 0Property Checks: 22Alarms: 3The Police Department assisted with 4 fire and 5 EMS callsBurglary, Victoria La., at 3:04pmFraud, 700 block Ocean Ave., at 3:42pmTheft, 800 block 6th St., at 5:32pmAssault, 300 block Central Ave., at 11:11pm September 19, 2014: FridayCalls for service: 84Motor Vehicle Stops: 19Motor Vehicle Accidents: 1Property Checks: 26Alarms: 6The Police Department assisted with 4 fire and 5 EMS callsDomestic violence, 5200 block Asbury Ave., at 1:20amCriminal attempt, 3400 block Bay Ave., at 7:48amTheft, 500 block Atlantic Ave., at 10:40amMotor vehicle accident, 700 block Wrst Ave., at 2:56pmTheft, 2200 block Bay Ave., at 3:05pmBurglary, 700 block Ocean Ave., at 9:02pm September 17, 2014: WednesdayCalls for service: 82Motor Vehicle Stops: 21Motor Vehicle Accidents: 0Property Checks: 19Alarms: 0The Police Department assisted with 7 fire and 9 EMS callsBurglary, 3500 block Bay Ave., at 8:00amWarrant, 700 block Moorlyn Terr., one in custody, at 9:07amDomestic violence, 100 block Asbury Ave., one in custody, at 12:13pm September 15, 2014: Monday Calls for service: 77Motor Vehicle Stops: 9Motor Vehicle Accidents: 1Property Checks: 23Alarms: 1The Police Department assisted with 13 Fire and 13 EMS callsBurglary, 100 block 4th St., at 8:55amTheft, 100 block Asbury Ave., at 1:50pmBurglary, 4000 block Central Ave., at 3:22pmShoplifting, 800 block Asbury Ave., at 4:25pmMotor vehicle accident, 9th St. & West Ave., at 7:34pm OCEAN CITY POLICE SUMMARIZED WEEK’S ACTIVITIESSeptember 14 – 20, 2014Calls for Service: 549Daily Average: 87 September 14, 2014: Sunday                                                Calls for service: 53Motor Vehicle Stops: 4Motor Vehicle Accidents: 0Property Checks: 14Alarms: 1The Police Department assisted with 8 Fire and 7 EMS callsTheft, unit block Central Ave., at 8:47amAssault, 300 block Haven Ave., one in custody, at 3:48pm September 16, 2014: TuesdayCalls for service: 77Motor Vehicle Stops: 21Motor Vehicle Accidents: 1Property Checks: 22Alarms: 4The Police Department assisted with 5 fire and EMS callsAssault, 600 block Asbury Ave., at 7:45amTheft, 4400 block Central Ave., at 12:45pmDomestic violence, 2200 block Bay Ave., at 1:00pmTheft, 1000 block Wesley Ave., at 2:00pmMotor vehicle accident, 1000 block Wesley Rd., at 6:47pmlast_img read more

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Strong carbon emission standards for power plants would improve air quality

first_imgCurbing carbon pollution from U.S. power plants will help address both global climate change and reduce other air pollutants — including ozone, fine particulates, acid rain, and mercury pollution — that can harm people, forests, crops, lakes, fish, and wildlife, according to Harvard School of Public Health (HSPH), Harvard Forest, and Syracuse University researchers.The scientists released a study mapping potential environmental health benefits of power plant carbon standards. The report, issued May 27 at Syracuse University, coincided with the U.S. Environmental Protection Agency’s announcement on June 2, proposing carbon pollution standards for existing power plants.“With a mix of stringency and flexibility, the new EPA rules have the potential to substantially reduce emissions of sulfur dioxide and nitrogen oxides from power plants, which contribute to local and regional air pollution,” co-author Jonathan Buonocore, research fellow at HSPH’s Center for Health and the Global Environment, said in a statement. Read Full Storylast_img read more

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Munster suffer Champions Cup blow

first_imgThe province lost their second Pool 4 fixture 31-19 against Leicester Tigers at Thomond Park.Anthony Foley’s side scored two tries – one a piece from James Cronin and Mike Sherry.Ian Keatley weighed in with three penalties. Tigers – who host Munster in the return fixture next Sunday – are now top of Pool 4.last_img

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New York’s Carmelo Anthony appreciates LA Lakers’ Kobe Bryant’s support through adversity

first_imgThe bondAnthony’s eyes opened during his first NBA All-Star game in 2007, a moment that gave him a first-hand glimpse about Bryant in the most unexpected circumstance. “He was approaching the All-Star game like it was a regular-season game,” Anthony said, laughing. Even if Bryant won the All-Star MVP award that season, Anthony did not fully appreciate Bryant’s greatness until a year later. Then, Bryant and Anthony played together in Beijing on the U.S. Olympic team.In between wins that ended with a gold medal, Bryant and Anthony admired each other’s work habits and scoring talent. Anthony also learned that Bryant had a more outgoing and playful personality than he had demonstrated both on the court and to the media. “We spent a lot of time together,” Bryant said. “He was the one I was the closest with on the team.”That dynamic also played out in the 2012 London Olympics. But among all the stars on one team, how did Bryant and Anthony strike the strongest friendship?“It wasn’t forced,” Anthony said. “It happened organically and naturally.”The matchupsThose fuzzy feelings still took a backseat when Bryant and Anthony squared off in 28 regular-season games and two NBA playoff series (2008-09). Then, Bryant jokingly lamented that Anthony “stole a lot of my moves” as he averaged 23.4 points on 46 percent shooting in the regular season and 25.5 points in the postseason. “He continues to play all the time,” Bryant said. “He’s not going to settle and accept the fact that you double team him and deny the ball. He’s going to crash the offensive glass and continue to work.” But no matter. Bryant had plenty of answers for every one of Anthony’s scoring outbursts. After all, Anthony shot only 38.8 percent from the field in the playoffs. Meanwhile, Bryant averaged 27.2 points on a 44.3 percent clip in the regular season and averaged 33.8 points on a 40.9 percent mark in the postseason.The Lakers eliminated the Nuggets twice, including a sweep in the first round of the 2008 NBA playoffs and the 2009 Western Conference Finals in six games. During that time, Bryant scored endlessly in Game 2 (41 points), Game 4 (34) and Game 6 (35).“We thought we had a chance to beat them that year,” Anthony said. “But his greatness came out.”Since then, Bryant has described Anthony as “a bear” and touted him as the most difficult player he has guarded. But that has not stopped Bryant from expressing his superiority over his close friend. “I know what he’s going to be running,” Bryant said, referring to the Knicks’ triangle offense. “Obviously. I’ll help Carmelo out and tell him where to go on the spots on the floor.”Anthony chuckled at Bryant’s comments, though apparently he wasn’t joking. “He does that often when we play against them,” Anthony said. “I can take his advice when it comes to that.”The supportAnthony has also taken Bryant’s advice on other matters. During that stressful All-Star weekend in 2011, Bryant became what Anthony described as “very influential in my decision.”“I just want him to be happy,” Bryant said at the time. “Every time I speak to him about it, it’s about him making the best decision for him and nobody else.” Bryant offered a similar perspective once Anthony fielded criticism for his high-volume shooting when he joined the Knicks. So much that Bryant recalled asking him, “What the hell are you doing?” for feeling self-conscious about his scoring role. Bryant and Anthony had more intimate conversations when the Lakers pursued Anthony in free agency during the 2014 offseason. Bryant hoped to finally partner up with his long-time friend, he remained understanding of Anthony staying for financial reasons and his trust in Phil Jackson’s vision.“Everybody at this level needs somebody we can talk to and needs somebody we can relate to,” Anthony said. “We need somebody who can straight-up tell you how it is, whether you’re right or whether you’re wrong. We all need that. We all need those people. He was one of those guys.” It appears Bryant will remain that guy on Sunday. After Anthony praised Bryant for having “juice” and “fresh legs” in a 26-point effort on Thursday against LeBron James, the Knicks’ star sounded mindful Bryant could duplicate the same feat against him. But once it ends, Bryant and Anthony will likely hug and share encouraging words. That has often marked the defining image of Bryant’s farewell tour against marquee opponents. But this time, the moment will symbolize a partnership that helped Anthony through the good and the bad. Quote box: “It wasn’t forced. It happened organically and naturally.” — New York Knicks forward Carmelo Anthony on his close friendship with Lakers guard Kobe Bryant The anxiety overwhelmed Carmelo Anthony during a time when he should have felt relaxed. But just as NBA All-Star weekend started in Los Angeles in 2011, Anthony learned his private hopes for the Denver Nuggets to trade him morphed into a real possibility he would land with the former New Jersey Nets. Suddenly, Anthony seemed resigned he would not enjoy himself through the NBA All-Star game, the event’s parties and interview sessions. But Kobe Bryant erased those concerns as quickly as when he has led the Lakers to comeback victories. The Lakers’ star had his own litany of responsibilities as the city’s ambassador. But after Bryant and Anthony sparked a friendship on the U.S. Olympic team in 2008, Bryant also spent part of his busy All-Star weekend five years ago having several conversations with Anthony that put him at ease. Newsroom GuidelinesNews TipsContact UsReport an Errorcenter_img “From that point,” Anthony said, “we became a lot closer as friends.”Plenty has changed for Anthony after the Nuggets accommodated his trade request a year later to the New York Knicks. But Anthony’s friendship with Bryant has remained strong as ever. Bryant’s wife, Vanessa, and Anthony’s wife, La La, are also close.“He is like a brother to me,” Bryant said. “I love him.” So when the Lakers (14-52) host the Knicks (27-39) on Sunday at Staples Center, the sentiments Anthony will feel in his last game against Bryant could mark one of the genuine moments of his farewell tour. “You guys won’t know it. You guys won’t see it,” Anthony said. “But inside it will be an emotional day knowing this is the last time I’ll be able to compete against a guy like that.”last_img read more

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