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
Print This Post Demand Propels Home Prices Upward 2 days ago Previous: Fannie Weighs in on Housing Sentiment Next: The Week Ahead: Eye on U.S. Mortgage Performance Trends Tagged with: Housing Market Inventory Minneapolis Minnesota Pro Teck Sevices Housing Market Inventory Minneapolis Minnesota Pro Teck Sevices 2018-12-07 Donna Joseph Subscribe Demand Propels Home Prices Upward 2 days ago Share Save December 7, 2018 985 Views The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Home / Daily Dose / Strong Seller’s Market Strong Seller’s Market About Author: Donna Joseph in Daily Dose, Featured, Market Studies, News, Servicing Donna Joseph is a Dallas-based writer who covers technology, HR best practices, and a mix of lifestyle topics. She is a seasoned PR professional with an extensive background in content creation and corporate communications. Joseph holds a B.A. in Sociology and M.A. in Mass Communication, both from the University of Bangalore, India. She is currently working on two books, both dealing with women-centric issues prevalent in oppressive as well as progressive societies. She can be reached at [email protected] Minneapolis/St. Paul/Bloomington, Wisconsin featured in the top 10 list of hottest markets in Pro Teck Sevices’ Housing Market Report for the first time. In its monthly housing value forecast, Pro Teck took a closer look at some of the activities in the single-family home markets in the top 200 metropolitan areas in the U.S.Quoting other sources, the report stated that Minnesota was ranked at 3 and 5 best state to live in by CNBC and 24/7 Wall Street, respectively. The rankings are based on key indicators such as poverty rates, life expectancy, population growth, unemployment rates, education, crime rates and quality of life. Factoring in these indicators, the report revealed that Minnesota recorded the highest high school graduation rate at 93.1 percent. The state also reflected the largest share of the population with post-secondary education at 74.4 percent.According to the report, Minnesota has added 37,000 jobs over the last year and recorded employment rates at 2.8 percent. It also pointed out a steady growth in the state’s population at 7.3 percent. The reports noted significant improvements in the Twin Cities’ markets over the past two years. The home prices in Minneapolis/St. Paul is up by 16 percent from pre-recession levels, the report found. Minneapolis metro is a strong seller’s market with more and more people looking to put down roots in such a favorable location. The month’s remaining inventory is at a mere 2.47. The active days on market for the metro is at just 50 days—the lowest number recorded by Pro Teck in its top 10 rankings. The number of listings saw a decline by 16 percent this month and is projected to continue, the report said. Read the full report here. The Week Ahead: Nearing the Forbearance Exit 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Sign up for DS News Daily Related Articles The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago
New York Bakery Co has launched a limited-edition heart-shaped bagel in the run up to Valentine’s Day.The bagels will be available for free exclusively through its Facebook page – www.facebook.com/newyorkbakery – from today (Wednesday 1 February).For their chance to win one, consumers are being asked to describe why a heart-shaped bagel would make the ideal gift for their Valentine in no more than 30 words.For Halloween last year, the firm launched a limited-edition Pumpkin-y bagel, which was also only available through its Facebook page.