Archive for March 26th, 2008
I’m happy for the lads that kicked off Auctomatic and my congratulations go out to them, but this was not an Irish company, this was an Irish idea taken to America for execution. Y-Combinator has a proven model and an excellent collection of catchers mitts for good ideas. We cannot hope to emulate that kind of investment environment in a country of 4m.
Anybody can choose to take their ideas to America and take their shot, I guarantee you any of the Paddys Valley companies would triple their chances of success by moving to San Francisco.
I and (and I suspect the others on Paddy’s Valley) have chosen to be successful here in Ireland and despite the difficulties I predict several of us will succeed.
This may also be unpopular but I think it should be said, the 2-3m USD valuation is hardly what I would call a spectacular world beating exit for a Valley company. It was a successful technology sale rather than the sale of a hugely successful company.
We are looking for a bunch of willing participants in a PutPlace scalability test. You will need to install the PutPlace client and login at the the appropriate timeÂ and upload a biggish chunk of data. The idea is that we slowly build up a posse of users over a day or so and see how our (small) test grid responds. This will indicate the performance limitations on the larger PutPlace grid.
Drop me a comment to this post or email me Joe dot Drumgoole at PutPlace dot com.