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Business
Is VC money for start-ups drying up?

Is VC money for start-ups drying up?

While the last few years have seen a bit of a boom in venture capital funding for Irish start-ups, the next two years don’t look so rosy. In 2011, 159 Irish technology companies raised €274m from investors while in 2010 tech firms received €310.2m, according to the Irish Venture Capital Association (IVCA). Since the start...
Pinterest – the sleeping social giant to watch

Pinterest – the sleeping social giant to watch

If you haven’t tried using Pinterest, you should. Why? Because it’s quietly becoming a dominant social force on the web and it’s where all the cool people are hanging out. Forget Facebook, Pinterest is a visual social network where people can show off their good taste, not their bad behaviour. How does it work? Pinterest...
Facebook makes history with its IPO

Facebook makes history with its IPO

Facebook’s initial public offering (IPO) has thrown up some interesting figures – the kind of figures that either excite or disappoint would be investors. The IPO, which will raise at least $5 billion for the firm this Spring, but could raise as much as $10 billion, is historic. It values the company anywhere between $75-100...
The year social media made money

The year social media made money

As Facebook prepares for its IPO and Google+ changes Google search and Twitter sits back on its big pile of investment cash – 2012 in the land of the social media giants already looks interesting. 2011 was the year that defined the big social networks in that they finally started to make some real cash...
‘Bring your own’ to work saves money for firms

‘Bring your own’ to work saves money for firms

Bringing your own laptop to work has been the preserve of start-ups and SMEs for many years now. Larger organisations, scared off by possible security issues, have mainly shied away from employees using their own devices at work. However, a new report by Citrix shows that its three year old employee bring-your-own (BYO) programme is...
Electric Ireland launches energy saving guide

Electric Ireland launches energy saving guide

Who, these days, doesn’t want to save energy and consequently save money? One of the biggest growth areas in the economy is the energy conservation sector and the biggest electrical company in Ireland, Electric Ireland has just launched a new advice tool to help business customers save money by using energy more efficiently. The Office...
Who will cash in if Facebook is worth $100 billion?

Who will cash in if Facebook is worth $100 billion?

The Wall Street Journal believes the most anticipated initial public offering since Google’s will be filed this week. Facebook, it seems, is finally going public. It could mean as much as $10 billion in cash for the social network, valuing the company at $100 billion. While many of the early investors will immediately become even...
Students – the future is clear, do your sums

Students – the future is clear, do your sums

The chief executive of the IDA, Barry O’Leary, has advised students who are currently choosing a college course on where future opportunities for jobs lie. Foreign direct investment (FDI) companies continue to create jobs and most are seeking graduates with backgrounds in science, technology, engineering and maths. Many FDI jobs also require multi-lingual skills. Irish...
EU toughens its stance on web privacy

EU toughens its stance on web privacy

Digital giants like Facebook and Google are facing another bid by the European Commission to prevent them from using people’s data without their ‘explicit consent’. Companies like Facebook and Google make billions of dollars a year from collecting data on people who use their services. This data is analysed and packaged in such a way...
We Are Legion – the Anonymous film

We Are Legion – the Anonymous film

As SOPA meets its end and as the Irish government attempts to muffle the web, a new documentary on the rise of hacktivist group Anonymous is hitting screens around the world. For those who don’t know, Anonymous is regarded by some as an underground group committed to defending the freedom of the Internet in the...
Outdoor digital advertising worth €25m

Outdoor digital advertising worth €25m

The combined value of the ambient and digital out of home market in Republic of Ireland for 2011 is €24.6m. ‘Traditional’ ambient media such as trolley handles, Citybox and pub based media accounts for €21.8m of this total with digital out of home media being valued at €2.8m for 2011. These figures are part of...
€1 billion worth of goods sold through DoneDeal in 2011

€1 billion worth of goods sold through DoneDeal in 2011

An astonishing €1 billion worth of goods was sold online through DoneDeal in 2011. This represents an increase of over €300 million from the previous year. In a county by county breakdown of the value of deals done for 2011, Dublin, Cork and Galway are the top three counties with the highest value of goods...