Will Knott

I first heard about the Collison brothers (John and Partick) and their company Auctomatic when the pair arrived at Open Coffee Limerick and talked about the company, the move to the US and how they couldn’t get investment in Ireland, but could in Silicon Valley. I think the visit led to the Paddy’s Valley trip. Source: Phil KastThe podcast audio and video is still available. What I heard was, the messages on Jaiku about what these teenagers were doing. Yesterday, and via Mulley on Twitter I heard that the brothers were now millionaires (on paper anyway).

Auctomatic is software to help sellers catalogue and manage their stock on on-line auction houses ad e-commerce sites. The stories of how the sellers were doing stock control beforehand is funny, tragic and on the podcast. Anyway, the press releases were released that the news is that Auctomatic is partnering with Live Current Media. So congratulations to Patrick Collison, John Collison, Kulveer Taggar, Harjeet Taggar, Phil Kast and Brian Collins.

take care,
Will

Most of you know by now that the Limerick Open Coffee meeting had an interesting pair of visitors, namely Patrick Collison and John Collison of Auctomatic.

The talk was Livestreamed on Ustream.tv by Conn Ó Muíneacháin and Bernie Goldbach has a podcast available.

I would comment about it, but I’m late to the party so I’ll let Aidanf Conor O’Neill and James Corbett do a much better job. Besides I’m mostly be repeating their comments), but right now you can see the potential value of the Paddy’s Valley tour. Remember that the pair left Limerick to go to the Valley in order to get things started.

On the other hand… there is Walter of Pixenate (who suspiciously suffered from a DOS attack after these comments, no connection I’m sure) commented on Twitter about the really weird offer being made by the Irish Venture Capital Association. On Thursday 27th September 2007 the IVCA training programme is ‘How to Raise Venture Capital’ developed in conjunction with the Ryan Academy for Entrepreneurship. In otherwords, the IVCA is telling bright and talented Irish Startups how to get money off the IVCA. And is charging the people they might give money to… is that circular logic or recursion?

I’m sure someone would be willing to comment and explain this to me?

take care,
Will Knott

tags : Open Coffee, Limerick Open Coffee, Patrick Collison, John Collison, Auctomatic, Ustream.tv, Conn Ó Muíneacháin, Bernie Goldbach, podcast, Paddys Valley tour 2007, Pixenate, Irish Venture Capital Association