Auctomatic
After attending Massachusetts Institute of Technology in the United States for a time Collison dropped out. In 2007 he set up software company 'Shuppa' (a play on the Irish word 'siopa') in Limerick with his brother John Collison. Enterprise Ireland did not allocate funding to the company, prompting a move to California after Silicon Valley's Y Combinator showed interest. Here, they merged with two Oxford graduates, Harjeet and Kulveer Taggar, and the company became Auctomatic.
On Good Friday of March 2008 Collison, aged nineteen, and his brother, aged seventeen, sold Auctomatic to Canadian company Live Current Media, becoming overnight millionaires. In May 2008 he became director of engineering in the company's new Vancouver base. Collison attributes the success of his company to his win in the Young Scientist and Technology Exhibition.
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