Hypegram : Here’s why Irish entrepreneurs’ eyes are smiling on St. Patrick’s Day ARTICLE 83710386 Here’s why Irish entrepreneurs’ eyes are smiling on St. Patrick’s Day english ARTICLE

There are a lot of mature and emerging tech hubs around Europe now. But there remains an unusually tight link between Ireland’s tech economy and Silicon Valley.

Of course, this has been controversial at times, with companies like Apple accused of using Ireland as a tax haven. But whatever the original motivations on either side, the relationship seems to have expanded considerably. In fact, 220 U.S. West Coast companies now have operations in Ireland, according to stats released today by , the country’s investment agency.

Among the more notable U.S. tech companies with Irish campuses: IBM, Google, Airbnb, Dropbox, Fitbit, and DocuSign.

Just in the past year:

This growth also seems to have benefited Irish startups. According to the , Irish startups raised $952 million in venture capital in 2016, up from $304 million in 2016.

But as much of a boost as Silicon Valley has given the local economy, on this St. Patrick’s Day, IDA Ireland wants you to know that the relationship runs in both directions. With that in mind, here are a few stats provided by the agency that highlight Ireland’s impact on the U.S.:

And though they may not officially describe themselves as “Irish” companies, San Francisco-based startups like Stripe and Intercom have Irish founders who have established sizable operations back in Ireland.

So, this St. Patrick’s Day, maybe avoid the green beer. But do buy a beer for an Irish founder and tell them “Sláinte!”

http://venturebeat.com/2017/03/17/heres-why-irish-entrepreneurs-eyes-are-smiling-on-st-patricks-day/ /itemImage/83710386 Fri Mar 17 2017 12:45:37 GMT+0000 (UTC) businessentrepreneurirelandirishst. patrick's daytop-storiesstartupscommerce {}

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Here’s why Irish entrepreneurs’ eyes are smiling on St. Patrick’s Day


Venture Beat
460 d ago

business entrepreneur ireland irish st. patrick's day top-stories startups commerce

There are a lot of mature and emerging tech hubs around Europe now. But there remains an unusually tight link between Ireland’s tech economy and Silicon Valley.

Of course, this has been controversial at times, with companies like Apple accused of using Ireland as a tax haven. But whatever the original motivations on either side, the relationship seems to have expanded considerably. In fact, 220 U.S. West Coast companies now have operations in Ireland, according to stats released today by , the country’s investment agency.

Among the more notable U.S. tech companies with Irish campuses: IBM, Google, Airbnb, Dropbox, Fitbit, and DocuSign.

Just in the past year:

This growth also seems to have benefited Irish startups. According to the , Irish startups raised $952 million in venture capital in 2016, up from $304 million in 2016.

But as much of a boost as Silicon Valley has given the local economy, on this St. Patrick’s Day, IDA Ireland wants you to know that the relationship runs in both directions. With that in mind, here are a few stats provided by the agency that highlight Ireland’s impact on the U.S.:

And though they may not officially describe themselves as “Irish” companies, San Francisco-based startups like Stripe and Intercom have Irish founders who have established sizable operations back in Ireland.

So, this St. Patrick’s Day, maybe avoid the green beer. But do buy a beer for an Irish founder and tell them “Sláinte!”

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