Wednesday 26 October 2016

Publishing industry 'yet to crack monetisation of digital channels'

Published 05/11/2015 | 02:30

John Collison - co-founder of Stripe
John Collison - co-founder of Stripe

The monetisation of digital media has yet to be cracked by the publishing industry, co-founder of Irish internet payments firm Stripe told attendees at the Web Summit.

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Whether it is pay-walls, leaky pay-walls or advertising, experimentation is continuing, John Collison said on the second day of the Summit, where 40,000 delegates are descending on Dublin's RDS over three days.

Limerick-born Mr Collison is the co-founder of Stripe with his brother John.

Stripe recently completed a new round of funding which valued the firm at €4.6bn.

The company is also working with 'The Guardian' newspaper, powering some of its existing subscription services in the UK while also exploring the potential of the service to support the firm's audience revenue streams worldwide.

Stripe has doubled its workforce over the past five years and recently expanded into Brazil and Portugal. The UK is now its second-biggest market.

Mr Collison's advice to the budding entrepreneurs in the audience was "don't be afraid to start a business that feels it has no precedent".

Irish Independent

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