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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ELAM: Mood moves the oil market

first_imgLocal NewsBusiness Twitter West Texas Food Bank Logo Compare the rhetoric of 2018, wildly, braced, severed, with that of 2016, huge excess. The extremes of mood literally leap off the page. In fact the unleaded gasoline futures price touched 96.7 cents February 8, 2016. That was the low in gasoline prices and the mood immediately reversed. The above prediction of course includes federal and state taxes on gasoline, so the retail price never hit $1. Friday unleaded gasoline futures were $2.17.Conventional wisdom would have one believe that OPEC mopped up all that excess supply of the world glut of oil. Hmm, did OPEC solve the gasoline glut in the U.S. Midwest I wonder? But really, did demand for gasoline double in the last two years, price clearly did. Uh no, demand did not double. Crude oil and unleaded gasoline are both economics and financial bets on what might happen. And with bets comprising stocks, futures, options and unregulated derivatives, there are manifold opportunities to magnify the despair of Feb. 10, 2016 into the optimism of May 10, 2018.I began this column on Thursday, but Friday’s news is confirmed my thesis that mood moves the oil price. Friday’s WSJ reported that WTIC may be $71, but good luck getting that price in Midland. Most producers are getting less than $60. The reason is that supply has outstripped the ability to move oil to the markets. One analyst predicts Permian Basin oil may trade at a $20 discount to WTIC by next year. So there is no shortage here. Indeed the hand wringing over price discounts seems to be going the other way.It is hardly the case that OPEC has reduced supply. And with so much of the slippery stuff around, and discount predictions on the rise, could a two-year price high occur in the near future? IF the real world price is less than $60, the futures at $71 seems, well, pricey. WhatsApp WhatsApp Facebook By admin – May 13, 2018 Pinterest Previous articleMATTER OF RECORD: May 4 through May. 11Next articleLocal woman talks about struggles with mental health admin Pinterest ELAM: Mood moves the oil market Facebook Twitterlast_img read more

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Cricket News MS Dhoni, Sachin Tendulkar steal the show in Deepika Padukone-Ranveer Singh reception

first_imgRalph Lauren took to the official Twitter handle to congratulate the newlyweds for their new journey ahead. The tweet read, “Congratulations to @PriyankaChopra and @NickJonas on the occasion of their wedding. Ralph Lauren is honored to have dressed the couple as well as the members of their wedding party. According to People magazine, groom’s father, Paul Kevin Jonas Sr, officiated the Christian ceremony, where the couple exchanged their wedding bands, designed by the popular jeweller Chopard. The couple has been grabbing all hearts since their marriage in November and the pictures from their wedding and receptions have taken the internet by storm. Deepika took to her Instagram account to share the pictures of their star-studded wedding reception. In the first picture, shared by the newlywed bride, Deepika looks breathtaking in a red veil covering her face, while in the second picture the couple sits hand-in-hand.Read More |Tiger Shroff and Disha Patani make their relationship official!This is not the only star wedding that has taken the internet by storm. Nick Jonas and Priyanka Chopra’s marriage ceremony took place on Saturday, exchanging the wedding vows as per Catholic traditions at Umaid Bhawan Palace in Jodhpur. Dressed in Ralph Lauren couture, the 36-year-old looked the perfect bride in the custom-made wedding gown. New Delhi: The reception of Deepika Padukone and Ranveer Singh attracted the rich and famous from all fields, including the world of sports. MS Dhoni, the former Indian cricket team skipper along with Hardik Pandya and Sachin Tendulkar stole the show with their glamorous presence at the reception of Bollywood stars Deepika Padukone and Ranveer Singh in Mumbai. This was the couple’s third reception after they got married at the picturesque Villa del Balbianello at Lake Como in Italy on November 14. Along with Dhoni, Tendulkar and Pandya, other prominent sports personalities like Kapil Dev, Anil Kumble, PV Sindhu, Sunil Chhetri and Pullela Gopichand.Read More |DeepVeer cut a pretty picture in hot red and dashing black Dhoni came along with his wife Sakshi while Tendulkar came with his son Arjun Tendulkar and wife Anjali. Apart from sports, many Bollywood stars attended the function. Kapil Dev and his wife Romi were also in attendance.Read More |Priyanka Chopra mehendi pictures: Perfect beauty with all its glee For all the Latest Sports News News, Cricket News News, Download News Nation Android and iOS Mobile Apps.last_img read more

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PL on Citi: Spurs come from behind to beat Brighton and Hove Albion

first_imgTottenham have moved within three points of the top four as they came from behind to beat Brighton in the first match of an action-packed Boxing Day.Dele Alli scored a superb winning goal after Harry Kane had earlier cancelled out Adam Webster’s opener, as Spurs got revenge for their 3-0 defeat at the Amex in the final stages of Mauricio Pochettino’s reign as manager.It was Alli’s fifth goal in eight games under Jose Mourinho and it will have provided some comfort to the Portuguese, who revealed before the match that his Christmas Day had been ruined by his dog dying. GETTY IMAGES – GETTY4Alli received the ball after some lovely Spurs play But Kane did eventually get on the score sheet to level the tie before Alli’s winner And he chipped a superb finish over Ryan into the far corner of the goal The three points boost Spurs’ top-four prospects and continue an incredible record on December 26 for both the club and Mourinho – on this date, they are unbeaten in 14 and eight encounters respectively.Brighton, who won the reverse fixture 3-0 in October, had threatened to ruin that run as they were the better side in the first half and had Webster’s opener to hang onto.But they have now gone three games without a win and must prepare for another lunchtime kick-off against Bournemouth in 48 hours.Even before the loss of his family pet Mourinho’s mood had been soured by spending much of the build-up to this game talking about VAR and how it is killing the game and his feelings would only have worsened in the 25th minute as his side had a goal ruled out.center_img Kane thought he had opened the scoring – but VAR ruled his goal out for offside Spurs had laboured in the opening quarter to get in behind Brighton, so they went long as Harry Winks sent Kane clear.The England captain finished in the usual accomplished manner, rolling past an onrushing Mat Ryan, but VAR official Mike Dean needed the perpendicular lines to rule Kane centimetres offside.Spurs needed that pick-me-up so to have the goal chalked off was a blow and what happened 12 minutes later was perhaps inevitable.Winks was adjudged to have fouled Ezequiel Schelotto on the left, though contact was minimal, and Pascal Gross whipped in an inviting delivery which Webster climbed highest to power home.Spurs were booed off by their fans at half-time, but they were immediately better after the break and needed only eight minutes to equalise. Lucas Moura looked to have run into a blind alley but a lucky deflection saw the ball fall kindly to Kane and after Ryan saved his first attempt, the striker put the ball away at the second attempt.It was his 10th goal of the Premier League season, the sixth successive season in which he has reached double figures.That was just what Mourinho will have ordered and Spurs used it as a launchpad to push Brighton back.Kane would have had another chance had his touch been better after Moussa Sissoko’s raid forward, but there was no denying Spurs a second in the 72nd minute.It was a brilliant team move as Moura and Kane linked up with Christian Eriksen, Dane’s brilliant diagonal ball finding Serge Aurier for him to tee up Alli, whose cushioned first-time finish found the top corner.Alli should have had a second in the 90th minute when Kane played him through, but Ryan produced a fine flying save to turn the ball over the crossbar.last_img read more

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Hawks feel the sting of back-to-backs with Clippers and Lakers

first_imgLOS ANGELES — For a coach whose team had been rocked by 49 points the night before, Lloyd Pierce sounded awfully excited for a turnaround of less than 24 hours back at Staples Center.One day after allowing 150 points by the Clippers and an hour-and-a-half before tip-off against the Western Conference-leading Lakers, Pierce suggested the Hawks might have motivation to turn around their effort.“With the way we played last night, with the performance we had last night, I’m more excited about getting back on the court tonight, regardless of who the opponent is. Just, that’s a bad taste you leave with after last night and so the best remedy for it is to get back on the court and test your perseverance and your resiliency and see if we can bounce back.”It didn’t take long before Pierce was probably second-guessing that optimism. The Lakers led by 17-2 in the first quarter and by as much as 28 in the first half. And it’s going to be a challenge for a host of teams making quick swings through L.A. to face both of Southern California’s superpowers — Oklahoma will get the business Monday against the Clippers, then Tuesday against the Lakers. “Back-to-back on the road is tough regardless of who it is,” he said. “Obviously you got two special teams with a lot of special talent in both of the L.A. teams so it makes it extremely difficult.”Pierce reflects on time with Kuzma, JamesOf the decorated USA Basketball coaching staff, Lloyd Pierce was one of the lower profile names working alongside Gregg Popovich and Steve Kerr. But he worked with a number of young players on the USA roster, including Kyle Kuzma.Like Popovich, Pierce came away with positive impressions.“I love that kid,” he said. “I think he, out of all the guys that were with the Team USA from start to finish, I thought that he was the guy that really bought in to how we were going to use him. We were going to use him as a small ball five, we were going to use him as a four. But I thought his energy, his athleticism on both ends of the floor, it was something that he bought into as a role.”Pierce got his NBA start in Cleveland, working three years as a player development coordinator with the Cavaliers during LeBron James’ stint there. Pierce said summer sessions in Akron with James taught him about the standard for offseason work ethic, and he relishes getting to play James in the NBA.The Hawks beat the Lakers in Atlanta in February before the All-Star break, a critical loss at the time as the Lakers floundered in the rest of the season. Pierce said he sees a different energy from watching film of James this season.“When you watch the film, you can feel the energy,” he said. “There’s a renewed energy here in L.A. with their roster, and everyone’s bought into their roles, and he’s motivated. So I just think what we saw last year and what we’re seeing now are two different mindsets from the entire roster.” AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREUCLA alum Kenny Clark signs four-year contract extension with PackersThe back-to-back L.A. swing is starting to look like a big advantage for both home teams, forcing visitors to deal with two good teams on a short turnaround. Frank Vogel, however, who coached in the Eastern Conference in Indiana and Orlando before moving out west, disagreed.“I think it’s advantage anytime you can remove a flight, so these teams that are coming to the building are benefitting from the new travel schedule,” he said. “It may be hurting the Lakers and the Clippers a little bit.”Tell that to the Hawks.But the benefit may be more in the long run: The Lakers themselves are doing a Knicks-Nets back-to-back in January when they visit New York, getting out of making two more cross-country flights during a long, grinding travel schedule. The Lakers are flying an estimated 10,000 fewer miles this season than last, which could help reduce other kinds of fatigue.In the short term, Pierce acknowledged, it can feel like quite the uphill battle.center_img Newsroom GuidelinesNews TipsContact UsReport an Errorlast_img read more

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