Saturday 3 December 2016

Web Summit: ‘Monetisation of digital media has yet to be cracked ‘- Stripe’s John Collison

AilishO’Hora

Published 04/11/2015 | 10:33

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 today.

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Whether it be pay-walls, leaky paywalls 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.

Limerickman John 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 (€5bn).

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 with the UK now its second biggest market.

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

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